The Importance of a Disaster Recovery Plan

Topics: Cloud Backup

Regardless of industry, when an unforeseen event takes place and brings day-to-day operations to a halt, an organization needs to recover as quickly as possible and continue to provide services to its clients. From data security breaches to natural disasters, there must be a plan in place in case of a catastrophe. Not having a disaster recovery plan in place can put the organization at risk of high financial costs, reputation loss and even greater risks for its clients and customers.

The importance of a disaster recovery plan cannot be overstated. Regardless of industry, when an unforeseen event takes place and brings day-to-day operations to a halt, an organization needs to recover as quickly as possible and continue to provide services to its clients. From data security breaches to natural disasters, there must be a plan in place in case of a catastrophe. Not having a disaster recovery plan in place can put the organization at risk of high financial costs, reputation loss and even greater risks for its clients and customers.

Current Situation

The events of recent years have shown just how profound of an effect unforeseen disasters can have on business continuity. For example, Hurricane Sandy left more than $65 billion of damage in its wake in October 2012. According to the "2013/2014 Information Governance Benchmarking Survey," only 30 percent of respondents strongly agreed that their organization's integration of records and information management with business continuity, disaster recovery and crisis management is mature. Most organizations, both public and private, cannot afford unplanned and prolonged downtime and need to be able to recover from an unforeseen emergency as quickly as possible. A study by the National Small Business Association found that a year after Hurricane Sandy, a startling 83 percent of organizations still lacked a business continuity plan.

Preparing for What Can Happen

Organizations and businesses that do not currently have a plan in place may recognize its importance but struggle with getting started. Those who have not been affected by unforeseen events and costly unplanned downtime may even think that they are immune from disaster. However, it is better to be prepared since the cost of not having a plan in place can pose serious risks for an organization.

When putting a plan together, it is best to work with an experienced partner that has vast experience in disaster recovery and business continuity planning. Vendors on the market today are readily available to assist businesses and organizations that would like to protect themselves from unforeseen events. These vendors offer strategic services to help organizations review their current processes, test for gaps, evaluate and redefine what needs to be done and then actually implement the new disaster recovery plan.

The benefits and importance of a disaster recovery plan are clear. Once a thorough plan is implemented, if an unforeseen and damaging event were to occur, an organization could mitigate risk, minimize downtime, remain compliant and ensure client records are safe and protected through proper records storage.

Do you have questions about records and information management? Read additional Knowledge Center stories on this subject, or contact Iron Mountain's Information Management team. You'll be connected with a knowledgeable product and services specialist who can address your specific challenges.


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