Why Your Business Needs a Disaster Recovery Plan

In today’s digital age, most businesses rely significantly on technology for their operations and services. In fact, many businesses run entirely on digital technology. As a result, numerous companies are at constant risk of a disaster that could severely impact their longevity. Data loss without proper preparation can be catastrophic for a business, even risking bankruptcy. As cyber-attacks and data breaches are spreading rapidly, businesses need to develop a recovery plan for any potential disasters.

What is a Disaster Recovery plan?

Disaster recovery is an integral part of a Business Continuity Plan. Disasters can occur unexpectedly for many businesses and are typically natural or man-made. Disasters can cause data loss, hardware damage and even data theft, which can lead to prolonged downtime for businesses. Disaster recovery plans are tailored to act as the ideal back up plan, as they are meant to counteract the effects of these unexpected issues and get your business up and running as soon as possible. To avoid prolonged business interruption and guarantee business continuity, every business needs a recovery plan.

1. Minimize Financial Loss

Businesses that are unprepared for disasters suffer significant financial loss, both from the increased recovery period and the aftermath of data loss and damaged hardware. Even more, unexpected and prolonged downtime can add even more financial strain for a business. To reduce the risk of financial loss, protective measures are taken to secure your data on the cloud and safeguard your IT hardware.

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2. Maintain Client Retention

Your customers have high expectations when it comes to their service. Business disasters can result in major delays that could impact your turnover rates and cause major delays in delivering your services to your clients. For instance, data loss could severely hinder and even halt your business’s output and progress. If you take too long to recover, clients will start to leave out of frustration. A disaster recovery plan means that you can back up your data and protect your business from the damaging effects of a disaster.

3. Reduce Business Downtime

After a disaster occurs, businesses will have to pause their work to recover from the damage and work towards recovery. Downtime can really impact a businesses’ financial position and longevity. During downtime, not only are you running the risk of losing customers, but you’re also losing business opportunities and sales leads. A disaster recovery plan means you can bounce back quickly from a disaster with minimal damage. Your chances of losing business growth opportunities or new customers is minimized significantly.

Our professional and reliable IT team can help you build a disaster recovery plan and discuss your business continuity needs so that you can continue running your business, stress-free. We offer IT security and data protection services to help you prevent business interruption during any disaster. Contact us today!