Backup and Disaster Recovery Benefits for Your Business
True disaster recovery solutions are invaluable for businesses that carry the need to respond to disruptions quickly when an outage or disaster occurs. These solutions work by taking a carbon-copy backup image of servers and storing them in multiple locations — on-site and in the cloud. Backup and disaster recovery facilitates multiple robust recovery options, allowing businesses to get back up and running as quickly as possible, often in minutes vs. days or weeks.
Beyond providing a faster solution to outages or disasters, backup and disaster recovery services provide a plethora of benefits to organizations of all sizes. This blog post explains how a properly implemented backup and disaster recovery solution can help to avoid the high costs of downtime, provide regulatory compliance, and provide an overall lower total cost of ownership (TCO).
Backup and disaster recovery services save businesses from downtime.
Too many business owners don’t realize how much downtime actually costs their organizations, possibly because it is essentially an opportunity cost rather than something businesses directly pay. That said, downtime is expensive. The cost of a business continuity solution is actually far lower than the annual cost of downtime for the average SMB, which was recently estimated by CA Technologies to average $55,000. Here are a few ways backup and disaster recovery plans help to save businesses from many of the costs of downtime:
Maintain employee productivity revenue generation: Frankly, when organizations can’t conduct business normally, they lose money. Backup and disaster recovery services let your businesses continue to run, keeping employees productive, ensuring they are able to serve their customers and generate revenue, even after a disaster or major disruption.
Preserve your reputation: When businesses experience severe outages, downtime may make anger and annoy customers negatively affecting reputation. For example, a sales staff that cannot deliver on their promises due to downtime could end up with upset customers. A backup and disaster recovery solution helps keep this downtime to a minimum, allowing staff to keep customers happy.
Meet obligations with clients: Downtime could render businesses unable to meet contractual agreements or deadlines. If a CPA firm experiences downtime during tax season and can’t get up and running within a reasonable amount of time, they could face legal action from a client for failing to render tax services by the submission deadline. When a disaster strikes, backup and disaster recovery services let businesses meet their critical deadlines.
Prevent business from losing to competitors: The costs associated with acquiring new customers are known to be astronomically high when compared to the cost retaining existing customers, so it is important that organizations do whatever necessary to reduce customer turnover by eliminating the possibility of prolonged downtime and its damaging effects. Backup and disaster recovery ensures businesses don’t lose business to a competitor if downtime occurs.
Compliance with industry regulations: The three most important laws governing the protection of digital data — HIPAA, SOX, and GLBA — require that businesses closely safeguard and retain sensitive information, a requirement met by backup and disaster recovery. Backup and disaster recovery ensures organizations don’t need to worry about compliance violations and legal issues related to data preservation, so they can focus making clients happy and generating revenue.
Any organization that needs to recover their data quickly need a proper backup and disaster recovery solution, but the benefits extend far beyond just data recovery. Companies that adopt a robust business continuity solution are able to withstand disasters and eliminate the negative effects and extreme costs of downtime.
ITG’s Business Continuity service is a simple, yet comprehensive solution to protect your data you’re your business. Ensured uptime is just one aspect of our business continuity solutions; and we’re confident that our solution will enhance your business’s financial health and well-being. Learn more about ITG’s business continuity solution here.