How Is a Business Continuity Plan Different than a Disaster Recovery Plan?
When important systems become unavailable due to infrastructure failure, human error, or a security breach, it can lead to unaffordable business interruption and downtime. The best way to ensure your organization is prepared for any scenario is to have business continuity and disaster recovery plans on hand.
While these terms are often used interchangeably, there are notable differences between the two, which is why it’s critical to have both plans in place to help mitigate the impact to business operations.
A business continuity plan refers to how a business continues to operate when key systems are down or an outage occurs. A disaster recovery plan, on the other hand, refers to how specific platforms, data, and applications are restored following a cyber attack, disaster, or other failure. At Thrive, we understand the needs of businesses and stress the importance of having actionable business continuity and disaster recovery plans in place.
Business Continuity Plan: A Must-Have for Every Organization
A March 2020 study from Mercer concluded that 51% of businesses did not have a business continuity plan in place to combat a global emergency, such as Covid-19. For many organizations, this lack of planning meant loss of revenue, unexpected expenditures to support a remote workforce, or loss of market share as better prepared competitors took advantage of their ability to adapt. Business continuity plans keep a business running effectively, even when faced with an unexpected