Ten Key Components of a Disaster Recovery Plan
No organization can afford to ignore the potential of a disaster that could shut down operations. The results can be devastating. Consider these statistics: According to published research, 95 percent of companies experience a data outage within a year, and the average cost of downtime is $70,000 per hour. Even worse, seven out of 10 companies that experience a major data loss go out of business within a year. Despite the dangers, nearly three-quarters of organizations surveyed do not backup all of their virtual servers. Clearly, companies face formidable challenges as they pursue seamless business continuity. On the positive side, three out of five large organizations do have a continuity plan in place. Whether they have the right one in place is debatable. To assess whether your IT organization is on the right track, consider the following checklist of essential points of focus for disaster recovery and business continuity. These guidelines were adapted from recommendations posed by Janco Associates, and they cover everything from communications to risk management to social media to mobility.