Jun 02, 2015
Natural Disaster Recovery: Can Your Data Weather The Storm?
Wildfires, Floods, Hurricanes….make sure your business is truly prepared
In light of the recent flooding in Texas, the tornadoes in Oklahoma, and the hurricane season that will kick off soon, it’s important for businesses to be reminded of how crucial it is to implement a disaster recovery plan. Preparing for the worst can sometimes seem like a daunting task, but when it comes to your data, expecting the unexpected can have an immense impact on a company’s survival.
- 60% of businesses use local backups (which will likely yield them no support in the case of flooding or fire).
- 15% of small businesses do not have a backup service.
- According to a recent Gartner estimate, the average cost of an hour of downtime for computer networks is $42,000.
- Further more, the average downtime per year is around 87 hours…or over 3 million in losses.
Looking Back At Superstorm Sandy:
- 74% of businesses had to close for at least one day, 44% of those stayed closed for over a week.
- Note: That means some of these businesses experienced worse than average downtime in just one week, or 168 hours x $42,000 hourly productivity loss = $7,056,000.
- 25 billion dollars in business losses was incurred.
Looking Ahead To The Forecast For 2015:
- There were a little over 63,000 wildfires in the U.S. in 2014. More droughts on the West Coast are predicted for 2015, which can cause wildfires.
- The Insurance Journal predicts there will be 5-6 billion in losses due to flooding.
- Tropical Storm Risk predicts 13 storms in 2015.
Here Are Some Helpful Links To Determine Your Disaster Recovery Needs:
- Gartner’s take on calculating the cost of downtime specific to your business.
- How long can your system be down before you lose serious revenue? Figure out your recovery time objective, or RTO.
- Assess the impact of disaster, and follow these steps to protect your business from Datto’s DR Checklist.
We hope this post has been helpful in deciding how to tackle Mother Nature’s sometimes inevitable wrath. Datto recommends a hybrid cloud-based solution, so you have complete access to your data on-premise and in the cloud. While any natural disaster can be detrimental to the health of your business, June 1st marks the beginning of Hurricane Season. We recommend checking out Datto Backupify SVP Rob May’s recent piece about the upcoming season: Assess, Reduce, and Insure: How to Prepare your Business for Hurricane Season and learning more in our recently published Hurricane infographic.