35% of Businesses Do Not Open Doors After a Disaster
It is impossible to deny how important disaster recovery and
business continuity are in today's digital economy. In a survey conducted by FEMA fully 35% of all businesses that are impacted by a disaster never re-open their doors.
Without systems in place to keep applications and data flowing after a natural disaster or other interruption, a business risks losses that extend far beyond a manufacturing plant or data center. Many businesses incur ongoing financial loses, damage to a businesses' reputation, and possible regulatory and legal sanctions. In a worst-case scenario like 35% of the companies that FEMA estimated, a company can find its existence threatened.
How can an organization tackle disaster recovery and business
continuity issues effectively? How can it develop a strategy that reduces risk and increases the likelihood of success? And how can it devise a road map for coping with constant change? There are no easy answers, but the Disaster Recovery Planning Template is a step in the right direction.
26% of All Firms Faced Disaster in Last 5 Years
Janco has found that more than a 26% of its client firms have faced some sort of a disaster over the past five years. CIOs need to convince executives in their enterprise to invest in business continuity and disaster recovery systems. CIO's need to effectively communicate that business continuity and disaster recovery planning is not just an insurance policy.
CIOs know their systems are vulnerable and they want to do something about it. In these tough economic times, it is hard to get funding for business continuity and disaster recovery. CIOs who tie business continuity and disaster recovery planning to mandated compliance needs are more successful in obtaining the necessary funding.
Many of these same companies consider disaster recovery investment as a rolling upgrade that consistently augments existing infrastructure and application investments rather than a one-time event that can be delayed. In one research study by another firm many CIOs
blamed disasters on non-natural disruptions and incidents. The data shows that 42% of the firms surveyed said power failure was the most common cause of
declared disasters and downtime, while 32% cited hardware failure, and 21% cited network failure. Read on ....