We rarely get advance notice that a disaster is ready to strike. Businesses need to develop effective continuity plans to manage unplanned events that may impact performance. Even with some lead time, multiple things can go wrong, every incident is unique and unfolds in unexpected ways.
Operational downtime can cost “big money” and reputation. Business continuity management, a significant element of risk management is intended to ensure the health and safety of the public, your customers and your employees. Protect your revenue streams and protect the reputation and legal standing of the enterprise.
The key benefits of a well-structured business continuity management program include:
- Improved productivity – developing an understanding of business activities that must be conducted and identification of the critical assets required to continue operations.
- Enhance security – developing an understanding of the risks that threaten assets and activities
- Determination of the recovery time for the critical assets including ICT systems
- Effective recovery procedures in the event of failure of an asset
- Enhance corporate governance
- Ensuring information and critical business applications are not lost or offline
As many businesses learn the hard way everyday, they are often only one technology fault away from disaster. IT planning is therefore critical to businesses of every size – and this includes the need to build IT disaster recovery (DR) and back up solutions to be ready should the unexpected happen.
However, surveys across a wide range of industry segments repeatedly show that businesses are using outdated back-up solutions or are inadequately prepared should a disaster strike. Traditional solutions can be unreliable and expensive.
It is important you test your business continuity plans to truly know that it works. A controlled testing strategy is much more comfortable and provides an opportunity to identity gaps and improve your plan, should the unexpected happen.