Advantages of Cloud-Based Disaster Recovery – Part 1

Advantages of Cloud-Based Disaster Recovery – Part 1

Companies are increasingly performing computing and data storage in the cloud. Unsurprisingly, cloud-based disaster recovery is also rapidly gaining traction. In the event of a natural, manmade, or technological disaster, it will ensure access to what is often an organization’s most important asset, its business data.

Growing Focus on Disaster Recovery

The growing focus on disaster recovery (DR) by companies goes hand in hand with its increasing importance. Businesses now recognize how crucial DR is now because prolonged data loss may result in significant damage to its reputation and heavy financial losses.

Importance of Planning

Studies have found that approximately half of companies have insufficient disaster recovery plans. In the case of unprepared organizations, a major disaster may end its very existence due to its inability to perform an effective recovery of their IT systems.

No Budgeting for DR

Before the cloud was utilized, the majority of disaster recovery enterprise solutions resulted in major expenses in order to protect a business from an event that is somewhat quite rare. As a result, the management teams of many companies have been putting off DR and declining to allocate funds for its implementation.

Cost of Downtime

You can justify a DR budget by calculating the costs if a disaster occurred. Research has found downtime costs an average of $100,000 per hour. The loss may be more than $1.5 million an hour for larger companies. Financial losses will be much higher without an effective and tested DR plan because recovery may take days or weeks.

Worthy Investment

Even without a disaster event, studies have found that the majority of companies experienced unplanned annual downtime that lasted from 10 to 20 hours. What is reassuring is that even if an organization spends $1 to 2 million on a DR system, it can still get a one-year return on the investment by merely eliminating downtime. In addition, cloud solutions have made DR affordable for many SMEs (small and medium-sized enterprises).
Part 2 will discuss the key advantages of cloud-based disaster recovery.
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