According to a recent study from Security Week, the loss of data for enterprise businesses has increased by more than 400% in just the past 2 years. That same study indicated that business data loss through unanticipated disasters, both natural and man-made, is accelerating. Unfortunately, many small and medium-size businesses incorrectly assume that their companies are not at risk, and that is potentially a big problem.
Because they assume their companies are immune to both data breaches and natural disasters, more than 40% of businesses have no documented disaster recovery strategy or plan. That can be an extremely costly mistake. For example, businesses forced to close following a major storm lose on average $3,000 a day (according to Business Insider). Given these unsustainable costs, the question for business is not whether they need a disaster recovery plan, but what plan is best for their business.
An increasing number for forward-leaning businesses are turning to a flexible and scalable cloud solution to better manage the possibility of a disaster: Disaster Recovery as a Service (DRaaS). Tech Target defines DRaas as follows:
“Disaster recovery as a service (DRaaS) is replication and hosting of physical or virtual servers by a third party to provide failover in the event of a man-made or natural catastrophe. Typically, DRaaS requirements and expectations are documented in a service-level agreement (SLA) and the third-party vendor provides failover to a cloud computing environment, either through a contract or on a pay-per-use basis.”
For many small and medium-size businesses, DRaaS is both less costly and more effective than in-house solutions. Among the key benefits of DRaaS are the following 10:
Both man-made and natural disasters can do more than cost your business money—they can shut your business down. According to the Federal Emergency Management Agency (FEMA), 40% of businesses never reopen following a disaster, and of those that do, 29% close in the following 2 years.
You owe it to yourself—and your business—to ensure you have an effective (and cost-effective) disaster recovery plan in place. To learn more about the ways our infrastructure, disaster recover, backup, communications and managed services will ensure the security and continuity of your business, contact us today.
Otava provides the secure, compliant hybrid cloud solutions demanded by service providers, channel partners and enterprise clients in compliance-sensitive industries. By actively aggregating best-of-breed cloud companies and investing in people, tools, and processes, Otava’s global footprint continues to expand. The company provides its customers in highly regulated disciplines with a clear path to transformation through its effective solutions and broad portfolio of hybrid cloud, data protection, disaster recovery, security and colocation services, all championed by an exceptional support team. Learn more at www.otava.com.