AWS reports that “Business continuity depends on the efficient, uninterrupted flow of data across an organization – from operations to sales to fulfillment. Even a brief lapse in workload continuity can mean thousands of lost sales opportunities, disruption to production, and compromised customer trust.”1
The costs of data loss are too high for many organizations to sustain. Guaranteed recovery within an acceptable and continually shrinking timeframe is paramount to ensuring operations run smoothly and efficiently. In order to minimize the impact of disasters such as system failures and outages, cyber attacks, data breaches, and natural disasters, a growing number of businesses are abandoning traditional disaster recovery solutions for the more favorable cost, risk, and service attributes of the cloud.
Managed cloud disaster recovery solutions include data protection and systems recovery platforms that enable cost savings, scalability, and operational assurances without large capital expenditures and with decreased operating expenses. This is as compared to in-house disaster recovery solutions, which typically require more than one data center, as well as a dedicated and specialized technical and maintenance team, to guarantee a successful outcome. Managed disaster recovery services provide companies with expert, third-party support, but also offer a variety of benefits.
Protects the Bottom Line
When it comes to disaster recovery, companies need to ask themselves, “how much data can they afford to lose?” The answer? None. To remain competitive in the market, organizations must be able to prove and guarantee recoverability at all levels. Unplanned system downtime caused by can cost companies hundreds of thousands of dollars. A survey by the Ponemon Institute quantified the average cost of an unplanned data center outage at $7,900 per minute.2
Effective disaster recovery plans can also be used during scheduled downtimes such as migrations, upgrades, and maintenance to maintain business continuity. Leveraging the expertise of a managed services provider to effectively plan, build, test, and maintain a reliable disaster recovery plan can save thousands in the long run. Additionally, using an MSP costs a predictable monthly retainer, making financial planning around disaster recovery simpler.
Quicker Planning and Testing
With traditional disaster recovery plans, successful testing can take as long as 18 months. That’s not including the time spent planning and building all the necessary components to test all the pieces and tweak until it’s right.
With an MSP’s knowledgeable disaster recovery team on your side, they take on the responsibility of assessing, auditing, planning, testing, and executing a disaster recovery plan that aligns with your business's unique needs. An effective MSP can generally have a working disaster recovery plan in between 3 and 6 months. Compared to the 18 months of traditional methods, that 12-month difference can save a company from losing revenue and hours of employee productivity if a disaster strikes.
Reliable Disaster Recovery Team
It is important to consider whether your team has the skills needed to execute your disaster recovery plan successfully. Every organization has knowledgeable IT resources, but disaster recovery requires a specific set of skills and training and the ability to perform under pressure during a crisis. Natural disasters can also displace people. In the event of an emergency, you may not be able to guarantee the availability of your trained staff during a disaster if their ability to travel is prohibited or they need to take care of personal emergencies.
These factors encourage companies to consider cloud-based disaster recovery services. Disaster recovery as a service providers have the specialized skills and experience to design and support disaster recovery plans across industries. In the event of a natural disaster, your local team can focus on the business, while the managed service provider’s team recovers data and resumes operations quickly and efficiently.
Is your organization ready for a contingency event right now? Businesses often plan for disaster but may not accurately measure their state-of-readiness. Recovery plans then fall short due to optimistic attitudes when systems are running smoothly, and downtime is a rarity.
Ensure the recoverability of your mission-critical systems and data in the event of any contingency by partnering with an experienced managed services provider like Velocity Technology Solutions.