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THE TRUE COST OF DISASTER RECOVER – CAN YOU AFFORD TO BE COMPLACENT ?
Putting a specific price on the cost of DR ( disaster recovery ) plans following a disaster is an impossible task . In the same way as no two people are the same , neither are any two businesses . So much depends on the unique nuances of your business , including how many people work for you , the nature of your industry , or even the amount of time your business could afford to stall before it grinds to a halt .
One thing is universally true : every business needs a form of disaster recovery plan in a world where data is king .
As a business , you might think that talk of a ‘ disaster ’ sounds a little too dramatic . This couldn ’ t be further from the truth , as an unforeseen data disaster could lead to :
• Downtime – resulting from the inability to use your IT infrastructure , or the data you need to do your work .
• Loss of productivity and disruption to your workforce
• Losing your key clients .
• Lost productivity while you spend time communicating with you stakeholders .
• Spending excessive time to recover your data which will be costly .
• Emergency IT services ( always at a higher cost ).
• Potential fines for non-GDPR compliance depending on how the disaster occurred and what measures you had in place to prevent it happening .
• Legal expenses – potentially resulting from a loss of important information .
• Firefighting .
Can you put a price on your time ?
With our millennial workforces used to being able to rely on IT systems , any time that they can ’ t work following a disaster will have a huge impact . p
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