Imagine if you lost days or weeks of work, possibly your entire client database, financial records, and all the files your company has ever compiled. How quickly do you think you could recover, if at all? Many companies learn the hard way how important it is to implement a disaster recovery program.
- According to National Archives & Records Administration, 93% of businesses that lost their data center for 10 days or more filed for bankruptcy within one year and 50% filed for bankruptcy immediately.
- According to Gartner, 40% of all companies that experience a major service outage will go out of business if they cannot gain access to their data within 24 hours.
Before an IT organization contemplates how to create, deploy and implement a disaster recovery plan, the entire organization should undertake a company-wide risk assessment and business impact analysis (BIA).
The output of the BIA helps inform the overriding business continuity/disaster recovery plan, which includes a categorization of availability levels for specific applications and the IT systems that support them.
To determine availability levels of IT systems, organizations can test across four categories:
- Quality of Service
- System dependencies and redundancies
- Recovery Time Objectives (RTOs)
- Recovery Point Objectives (RPOs)
Once system availability requirements are ranked and rated according to these measures, organizations can assign classifications based on recovery points and times.
Learn more about Disaster Recovery planning for IT organizations in parts 2 & 3 of our video series: