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IT Disaster Recovery Planning: Minimize Your Risk

IT Disaster Recovery Planning: Minimize Your Risk

In today’s digital world, technology disruption for even a few hours can result in significant financial consequences to your business. It’s crucial for businesses of all sizes to practice IT Disaster Recovery Planning so that they have procedures and solutions in place in case of an emergency. In fact, according to Gartner, the average cost of IT downtime is $5,600 USD per minute or more than $300,000 per hour. For large organizations, that number tops half a million dollars.

Ensuring that your assets, data and hardware are protected is only part of a disaster recovery plan – the rest is determining a process for how quickly you can be back up and running. Rather than scrambling to put the pieces back together after a major storm or cyber-attack, smart businesses put a plan in place well before a disaster occurs. Here are the five key elements to think about when creating your business disaster recovery plan:

  1. Data continuity: Explore exactly what data your business requires in order to run, including what your organization needs to ensure successful operations, financial processing, availability of supplies, and communications. Grade each element in order of criticality, and identify the systems, staffing, and other factors that it depends on and influences.
  2. Communication plan and role assignments: When it comes to mitigating and surviving a disaster, communication is of the essence. A plan is essential because it puts all employees on the same page with clear procedures and contact information for key stakeholders and vendors.
  3. Detailed asset inventory: When it comes to a disaster and insurance, it’s crucial to have a detailed inventory of workstations, their components, servers, printers, scanners, phones, tablets, and other technologies that your organization uses. This will give you a qu