In the present business environment, it is necessary for a company to have an action plan that will ensure it can stay in business even if its operations are impacted or temporarily suspended due to a disaster, i.e., business continuity. In a perfect world, companies can run their systems without any issues. But in reality, there is always a chance for businesses to suffer severe data loss, especially at times of disaster.
From natural disasters such as earthquakes, hurricanes, and tornadoes to manmade disasters such as terrorism and hacking, many disasters can quickly disrupt a business’s network and compromise its data. It is during these situations where having a disaster recovery strategy and business continuity plan make the difference between recovering and closing the doors permanently. In fact, industry statistics state that 93% of companies without disaster recovery who suffer a major data disaster are out of business within one year.
The costs of experiencing extended downtime after experiencing a disaster are extremely high. Estimates suggest that unplanned downtime can cost a small business from $137 to up to $427 per minute. For any small business, these unplanned financial setbacks can put a huge strain on their long-term growth as they could have rather invested their money in more important aspects of growing their business, such as marketing or product development.
Natural and manmade disasters aren’t the only culprits when it comes to data disasters either. Hardware failures like and corrupted operating systems and application crashes can also lead to data loss.
While these disasters can’t always be avoided, having a disaster recovery plan and preventive measures can help companies minimize the potential damage, get back on track quickly, and, most importantly, avoid data disasters from happening in the first place.
Building a detailed and actionable data recovery plan can be challenging, especially for small businesses in New Jersey, where destructive natural disasters such as hurricanes often put many small businesses’ computer systems and data infrastructure at risk. However, with the right backups, security and disaster recovery planning in NJ, small businesses in the state can have the peace of mind that their business data is safe and can be recovered even when disaster strikes.
If you want to learn more about the different types of risks your business may be exposed to, and the way you can protect your business from a sudden loss of critical business information, check out the infographic below from Landau Consulting.