8 Hard Truths to not Worry About Data Recovery and Business Continuity

8 Hard Truths to not Worry About Data Recovery and Business Continuity

8 Hard Truths to not Worry About Data Recovery and Business Continuity

The foundation of any successful business progression solution is the ability to recover data anytime, anywhere. When the issue of data recovery and business continuity brings up, you get the feeling that many decision makers at smaller-scale businesses and organizations wish they could channel their inner six-year-old, and pretend they can’t hear you.

Everyone thinks frightening things only happen to others. Just because we hear about a fatal car accident on the morning news, does not mean that we fixate on that news when we get into our car and drive to our work.

Regardless how many times the owner or manager of a small to midsize business (SMB) hears of other small businesses being crippled by hurricanes, fires, or flooding and other calamities, they are not necessarily overcome with fear to the point that they feel an urgency to take action.

Sure, they may think about backup and data recovery solutions a little more that day, but not enough to initiate immediate change or reverse a lenient approach to their processes.

If you think you fall into this said category, there are eight cold hard truths to consider. It is not only the natural disasters or calamitous losses like a flood, fires that can take down small businesses but something far more menacing– malware. In the past four years, cyber attacks through malware have grown exponentially and is very rampant. Malware is striking everything from PCs to mobile devices to Macs, and it’s inflicting damage.

More than half of the small-scale businesses in the U.S. have experienced interruptions in their day-to-day business operations. 81% of these incidents have even led to downtime that lasted from 1 to 3 days. According to data gathered by the Hughes Marketing Group, ninety percent of companies employing less than one hundred people spend fewer than eight hours a month on their business continuity plan. 80% of companies are out of business within 3 years after they have experienced a major calamity.

Meanwhile, 40% of businesses impacted by critical IT failure cease operations within one year. 44% of businesses ravaged by a fire fail ever to reopen, and only 33% of those that reopen able to survive and sustain any longer than three years.
An estimate of 60% to 70% of the business interruption was originated internally according to the Disaster recovery solution providers, and one of the main reason is software or hardware failure or just human error.
Almost 93 % of the companies filed for bankruptcy within twelve months, and the main reason was that they were unable to access their data center after the incident.

In the United States alone, there is over 140,000 hard drive crashes each week. 34% of SMBs never test their backup and recovery solutions – of those who do, over 75% found holes and failures in their strategies. It is imperative that small businesses evaluate their backup and disaster recovery processes and consider the business continuity. Considering the vulnerabilities associated with the cloud and workforce mobility, the risk of critical data loss today is quiet, and firms must be indeed prepared for the unexpected.

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