The True Cost of Disaster Recovery
With the severe weather across the East Coast and Midwest lately, disaster recovery is at the forefront of everyone's minds. This begs the question: what is the true cost of downtime? Have you ever thought about everything you should take into consideration when figuring out exactly how much your business is affected when it experiences an outage? More often than not "whenever" is what we hear when we ask if prospects/clients have a disaster recovery plan in place and if so, the timeframe associated with it.Â
Other things to consider in addition to outage duration are:
Does your business make revenue by selling online? If so, IT downtime almost definitely equates to lost revenue. To calculate the profit lost per hour of downtime you simply need to understand the annual revenue generated online, the average profit margin of the products offered online and how many hours per week are considered "high traffic" business hours for your online presence.
Loss of employee productivity
The cost of recovery of your system - not just the cost of software and hardware but the cost of the employee(s) time to do so.
Are you going to be hit with any regulatory fines for data loss? For example from SOX, HIPAA or GLBA regulations.
These are just some of the things that can lead to increasing the cost of downtime to your organization. If you aren't ready to move your entire IT infrastructure to the cloud, perhaps you should consider moving your secondary/backup system. You can do this off premise and cost effectively. Find out how we can help you can optimize your business continuity plans. Contact us today!
