All businesses run fire-drills at our places of work – but do you fire-drill your servers and IT systems? The truth is you’re more likely to suffer a cyber security attack than suffer from a fire? So why don’t businesses regularly run recovery drills?
Downtime is expensive, but just how expensive?
Everyone knows that I.T. downtime can be costly. We recently performed a study using a downtime formula to work out the ‘average’ cost of downtime to a business. Looking at industry averages, and with technology and backup norms, what we found was disturbing:
For a medium-sized business that employs 50 staff and stores their backup data locally, the cost of 8 hours of downtime could be as much as £27,051.
For businesses that store their backup data in the cloud the cost jumps up to £167,719.
How is it possible that cloud backups can take longer to recover from?
One of the biggest factors is internet speed.
Additionally, if you store your backup data in the cloud (4TB being the average) and you have an internet speed of 100Mbps, it could take over 96 hours to download – and that’s without thinking about the time to rebuild your systems. That’s over 4 days purely to download at 100Mbps full speed.
Having data backup does not protect you from downtime.
Equally, a solid business continuity and disaster recovery (BCDR) solution will ensure your business is always on and resilient to any disaster and downtime scenario. This is achieved technically speaking, in part, by enabling multiple mirrored data copies via multiple data access locations (onsite/offsite/cloud) – and enabling uninterrupted data access if one location or copy is disabled.
Did you know: you are over 30% more likely to be a victim of a ransomware attack now than you were in 2014?
Your chosen BC solution should:
• Provide multiple verified backups points, without failing
• Give you restore options
• Deliver instant virtual machines to keep you working
• Cater for ransomware attacks