Even the most successful business is at risk of being affected by unforeseen circumstances. Your company could lose an important member of its team; or a major flood could inundate the office, destroying important documents and data stored in computer equipment. In addition to the hassle, these events could have significant consequences for your business as a whole.
Did you know that about 40 percent of businesses that are struck by a natural or human-caused disaster never reopen? Or that 90 percent of businesses that close for one week will go out of business within 6 months? The best and simplest way to avoid such a devastating loss is to utilize business continuity and disaster recovery.
What is Business Continuity?
Simply put, business continuity is a company’s ability to continue its key operations and functions with little or no interruption, regardless of unfavorable events. Business continuity also dictates the way a company conducts day-to-day business and keeps things running smoothly. It is a set of instructions and procedures that is put in place to ensure everything is “business as usual.” In the long run, these procedures help to make sure that, in the event of a disaster, things continue to run without a hitch.
What is Disaster Recovery?
Disaster recovery is different from business continuity, but the two are very connected. Disaster recovery is what happens when an unforeseen circumstance interrupts business. It is the process of returning a business to normalcy when it has suffered due to a disaster. A plan for disaster recovery is made before anything bad happens, and employees should be made aware of it in the event it needs to be put into motion. Having a well thought-out disaster recovery plan and employees who are familiar with it will ensure the quickest possible return to continuity.
Disaster recovery and business continuity are especially pertinent when it comes to IT. Although technology is a wonderful thing, information stored electronically can be easily destroyed in the face of a disaster. We cannot stress enough the importance of backing up your data.
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