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Creating an equilibrium between risk management & disaster recovery

To balance risk management with disaster recovery planning saves company a lot of profit in the long run as well as offer subtle protection against probable disasters.  Disaster recovery plan is to protect an organisation from all sorts of predictable catastrophes, ensuring smooth operations and shortest recovery time. However in real-world scenario, protecting a company from every possible disaster is inevitable and to counter such scenarios is known as risk management.

Disaster recovery & risk management

Consider the scenario;

  • A company thinks of that storing backup data in a fireproof vault in the basement is safest possible step. The thought changed after a major flood struck and the vault was destroyed along with the data.

Statistics from a general survey revealed that more than 75 percent corporations experience their disaster recovery plan don’t last more than six months which is the result of lack of planning and absence of visionary approach.

Companies nowadays are more interconnected and if one area fails to work or experience a likely disaster, others are affected following the chain. This is the reason a plan must be comprehensive and strategic enough to cover all area of an organisation instead of just one.

Backup planning: Essential for disaster recovery

A well-organised, strategic and thorough disaster recovery plan takes into consideration people, priorities and property. Here, it’s worth noting that employees are essential to streamline the work operations and perform necessary backup. To implement the plan and see its optimistic results in due time, necessary equipment and the right resources to do the job is crucial; all facilitating to data recovery.

Besides this, all data backups must be accessible in a timely manner to collaborate restoration with recovery servers. The best solution is storing data backup in multiple offsite locations however it can pose far greater challenges if volume of data is significant.

Internet for data backup

Using internet as a solution for data backup and restoration is cost-effective. ISCI technology is deployed to transport and backup the data across devices located in multiple geographic locations. Internet Small Computer System Interface (ISCI) now works across IP-based networks including the internet while originally developed for storage area networks running over Ethernet.

Physical hardware such as portable devices, laptops and even smartphones carry company-critical data. In case they’re stolen, lost, hacked or somehow destroyed, its impact on the company is dire which is the reason a disaster recovery plan should cover physical hardware as well.

Risk management: Stabilising the cost with recovery speed

Different scenarios towards data retrieval and associated costs are also covered by the disaster recovery plan. The more scenarios a plan covers, more expensive it’ll be to implement the strategies however ignorance just because of the cost factor maybe an unwise move. Consider it just like an insurance policy that most don’t even use it but are always glad to have.

Planning, implementation and testing are three crucial steps in conceiving the plan. Strategize it in a ways that plan should cover all critical aspects of recovery in compliance to the balanced cost. This is a crucial risk management practice.

Budget – A scenario above all

While it’s cost-prohibitive planning for each and every type of disaster, spend your money wisely only on things most important without skipping any part. While cyber security is important, physical barricade is also important part of a corporate disaster recovery plan. This includes installation of security guards and computerised systems in restricted areas as well as relocation of the employees to areas unaffected by the disaster.

Test the plan

What good is a plan that hasn’t been tested ever! Annual testing of the plan is crucial and redefining the strategies as per the latest work operations is the only way to ensure long-term success and protection against disasters.

Conclusion

After successful implementation of the above steps, do check the plan for completeness and take into consideration the human factor for long-term effectiveness.

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