World events have always had a big impact on the banks that one finds on Wall Street, but in many ways, the one that coronavirus (COVID-19) has demonstrated has been unprecedented. As such, it almost provides a case study of the importance that disaster recovery planning has for any business… Wall Street institutions included.
Conceir Technology Group Blog
For the modern business, ensuring that you have contingencies in place will go a long way toward keeping you in business if disaster strikes. One of the contingencies many businesses choose to make as part of a business continuity strategy is a disaster recovery plan. Disaster recovery is more than restoring data, it can mean mobilizing people and capital against time. Let’s take a look at two of the core components of a comprehensive disaster recovery strategy, Recovery Time Objective and Recovery Point Objective.
Maintaining a proper data backup system is one of the most important parts of business continuity, even if it’s something you’d rather not think about. If you don’t take data backup seriously, your organization is at considerably greater risk compared to what it would be like if you had it. We’ll walk you through the proper steps toward making your organization’s future more secure through data backup.
Disasters are a very real possibility that businesses have to deal with, but not all disasters come in the form of a flood or fire. You can predict weather effects that can create problems for your business, like thunderstorms and ice storms that bring down power lines, but you can’t possibly predict when and how your organization will suffer from a data loss incident. We’ll discuss in-depth how your business can save itself the trouble of dealing with cyberattacks and user error--particularly in regard to data backup and disaster recovery.
What one organization considers a disaster might be much different than what another business might see as disastrous. Perhaps one sees the loss of a few hours and a few files as something that can be recovered, while another sees every lost moment and each iota of data as a catastrophe. Whichever camp you find yourself in, you need to be able to do two things: first, gauge how serious a given data loss disaster is, and secondly, establish what must be done to get back in action following said disaster.
Nobody ever wants to admit that their business has a problem with security. Unfortunately, as the one responsible for the future of your organization, you have to consider all possible outcomes of any potential data loss incident. Furthermore, many of these incidents are beyond your control. Thankfully, you can soothe the pain of a data loss disaster by thinking ahead and planning for the worst.
Just over a third (36 percent) of businesses don’t back up business data at all, and apparently this number isn’t keeping some IT providers up at night (not the case for us). Your businesses’ data is precious, irreplaceable, and extremely expensive to lose. Let’s talk about how delicate and dangerous it is to not have it backed up.
Business owners require ubiquitous access to certain information stored on their organization’s infrastructure. Thus, there’s an immediate need to safeguard this data from any sort of impending destruction. We’ll discuss ways that you can prevent the worst when it seems like your data will fall victim to a loss incident.
Here are three of the best ways your organization can protect its most critical asset: its data.
Have a RTO and RPO in Mind
This has to do with the amount of data that you want to restore, as well as how quickly you plan on restoring it. With tape backup, you could take a backup of your entire infrastructure, which could take several hours or even days to restore in the event of a disaster. Furthermore, the tape might not even be as recent as you would like, which brings into question the backup system’s ability to get you back into operation with minimal data loss. Thus, tape fails to meet the requirements you put into place for your backup solution.
With a BDR, as part of your business continuity plan, you can ensure that you meet your recovery time objective (RTO) and your recovery point objective (RPO), optimizing your business’s ability to dodge downtime. This is why BDR is such a valuable tool for a business that wants to prolong its life cycle. Remember, a business that fails to recover their data following a data loss incident is likely to go out of business within a year.
Keep Multiple Copies of Your Data
Let’s say that your office building is struck by a flash flood. You evacuate the building before anyone gets hurt, but you still feel forlorn that everything that you’ve worked so hard for is getting destroyed by something that you couldn’t predict. You could have prevented your business’s data being completely wiped out.
This exact scenario is why it’s important to not only have multiple copies of your data, but to store them in different locations as well. If you store your data backups on-site, and your infrastructure becomes subject to a disaster or hacking incident, where can you go for a solid backup of your data? Any good BDR solution will store your backups both on-site and in a secure data center for quick access in the event of a disaster, minimizing downtime.
Take Frequent Backups
In the old days of tape backup, you could only take one backup every day. Furthermore, since the backup was so resource-intensive, you would have to wait until the end of the day to do it. This meant that you could lose out on an entire day’s worth of work, and furthermore, you’re relying on mistake-prone human beings to set the tape and start the backup. This isn’t the ideal way to handle such a critical task.
Instead, you want to take backups of your data at least as often as every fifteen minutes. Doing so means that you’re always using the most up-to-date version of your data possible, and that you’ll minimize data loss in the event of a disaster. BDR can accomplish this impressive feat, and can rapidly restore data directly to the BDR device, effectively eliminating downtime while you order replacement hardware.
If your business is ready to start taking data backup seriously, we highly recommend a Backup and Disaster Recovery solution from Conceir Technology Group. With it, your data will be safe and secure, and you’ll be taking an important first step toward achieving business continuity. To learn more, reach out to us at (704) 943-4344.
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