Business Continuity vs Disaster Recovery: How to Protect Your Profit

Business Continuity vs Disaster Recovery: How to Protect Your Profit

Disaster Recovery will Keep Your Business Afloat

When it comes to business continuity and disaster recovery for small and medium-sized businesses, available data paints a stark picture. According to Inc, 60% of businesses do not recover from data breaches and the corresponding loss that follows. This abysmal number is down to the fact that most SMEs do not have a defined disaster recovery policy in place to handle any security breach, data loss or infrastructure collapse. However, with the right knowledge setting a disaster recovery plan in place could be the deciding factor of your business continuity.

1. Start with a Business Impact Analysis – The first step to take in creating a comprehensive disaster recovery strategy is actually analyzing your business’s IT and data-related assets. The analysis should also include identifying weak spots in your IT infrastructure and staff training programs. A comprehensive knowledge of the easiest spots to hit will help you define how the business will react to disaster. In this situation, the questions to ask are:

  • What are the critical IT infrastructure?
  • How sensitive is the data in the database system?
  • How will a security breach or data loss affect the business’s ability to continue its core functions?

2. Create a Disaster Recovery Team – The next step after analyzing the impact of a disaster is putting together a team, like IND Corporation, with the required expertise to meet the immediate and long-term challenges. Our disaster team will be tasked with putting safety nets in place such as cloud-based backup systems and supporting infrastructure to pick up the pace. Another important role our team will play is allying the fears of customers to stem the possibility of a mass exodus of clients from occurring.

3. Integrate a Downtime Reduction Plan – A small business could lose thousands of dollars of businesses during just a short period of downtime. Therefore, a business’s disaster recovery team should also include professionals with the ability to implement a parallel plan that limits damage while ensuring downtime is kept to a minimum. In situations like this, the help of an experienced IT consultant may be required to set up the DNS-backed or cloud-based solution that would reduce downtime.

4. Test, Refine and Implement – Lastly, any disaster recovery plan must be tested using different scenarios to determine how effective the strategy is. Your tests are bound to show the loopholes in the plan which must be dealt with before implementation. It is also recommended that a quarterly assessment of the recovery plan be initiated to ensure the recovery plan is always up to date with the cybersecurity threats of the times.

As you can see, setting up a disaster recovery plan is an important but tasking exercise to execute. At IND Corp, we can provide your business with the technical know-how required to create an effective disaster recovery plan. Reach out to learn more about the advantages of working with our experienced IT consultants.