The Importance of Business Continuity

Gntech THE IMPORTANCE OF BUSINESS CONTINUITY Having a business continuity plan in place is essential to a business's ongoing success. Without warning, a company could experience a critical disaster, detrimental to their daily functions. This data loss can impact your clients, drain company finances, and even cause a firm to go out of business. Implementing a plan to protect your company's data will save you from this heartache and get your business up and running again. CAUSES OF DISASTERS & RECOVERY 10% Storms & Earthquakes Onsite (Fire, Explosion, etc) 26% Power Outages 29% Server Room Environment Issues 44% Unexpected Updates & Patches 56% 60% Human Error Executives surveyed said disaster recovery had a moderate or very large effect on the decision to... 34% 34% 36% 37% adopt public cloud computing use of mobile devices to access information adopt private cloud computing use server virtualization 41% 71% 36% 43% felt more felt somewhat or felt better found they were better prepared significantly better prepared prepared prepared after adoption of technology for recovering from a disaster. PLANS IN PLACE COMPARED TO ONLY 51% 74% of large businesses that have an IT continuity plan in place. of small businesses have an IT business continuity plan in place. ABOUT 54% OF U.S. BUSINESSES ONLY ABOUT 41% OF U.S. BUSINESSES have a disaster very that enables IT systems to be working within 24 hours, which is about average compared to businesses around the world. are prepared alternative workspace facility that can restore business operations within 24 hours, far below the worldwide average. an MONETARY LOSS For SMBS with FEWER THAN 100 EMPLOYEES, a single day of downtime for a single server costs an average of $12,500. The average annual IT budget for SMBS is $152,000 PER YEAR. 7 OUT OF 10 small firms that experience a major data loss go out of business The average amount businesses are spending on their business continuity plans in 2012 is between $7,600 AND $18,240. within a year. According to a 2012 study, each North American business loses an AVERAGE OF $159,331 per year due to IT downtime and data loss. http://www.crn.com/slide-shows/storage/240006796/8-surprising-disaster-recovery-stats.htm/pgno/0/1 http://axcient.com/ MAJOR CAUSES FOR DISASTERS