Disaster recovery (DR) planning is a bit like purchasing those pricey, added insurance addendums when planning a once-in-a-lifetime trip—it’s distasteful to shell out the extra cash to prepare for the unlikely, but with so much at stake, it’s hard to ignore the risks.
Many companies—like too many travelers—are still doing too little to protect their key systems despite the well-publicized fall-out from catastrophes like Hurricane Katrina or even from human error, which is the biggest culprit of data loss and downtime. Data compiled by Infrascale revealed that 40% of organizations ranked their ability to recover operations after a disaster as fair or poor and that it takes almost 18.5 hours, on average, to recover after a disaster. That might explain the high price tag associated with inadequate disaster recovery practices: Research pegs the average cost of one hour of downtime at $8,000 for a small company and up to $700,000 for a large enterprise. Read More