IT Disaster Recovery Solutions have undergone major changes for the better since cloud computing became famous. Small- and medium-sized businesses have benefited from more cost-effective and reliable Disaster Recovery solutions. But there are still a lot of misconceptions that are keeping many business owners from adopting the right strategies. Below are three myths that no longer ring true.
Myth 1: It is expensive and not worth the investment
Fact: DR solutions are not as expensive as they used to be. In the past, data recovery was a drawn-out process that could take days or even weeks and cost up to six figures. But with cloud and virtualization solutions, it’s now possible to back up data quickly and affordably. Outsourced DR providers, for instance, can now complete full backups in several hours and perform backup recovery processes in less than a day.
Another fact: A sound disaster recovery strategy may require huge investments, but it’s’ worth it. However much you spend on DR, it will still be much less than the price you’ll pay for a data loss incident. For one, the cost of losing data is simply too steep. Per IBM, a data breach costs on average $4.35 million in 2022. This price can shut down any small- or medium-sized business (SMB).
Myth 2: All disasters are created the same and I will need the same response for all of them
Fact: Not all disasters are created equal. You will need a tailored response to the specific type of disaster that has occurred. For example, if your business is impacted by a power outage, you will need to take different steps than if you were hit by a ransomware attack. Because of this, you should have a comprehensive DR strategy that covers all potential disasters that can befall your business. Conducting a disaster risk assessment helps ensure that your organization is prepared to mitigate any catastrophe.
Myth 3: Disasters won’t happen to me because I do not own a big business
Fact: No matter the size of your business a disaster could ha[pen to you! For example, The 2017 California wildfires affected all kinds of businesses, from mom-and-pop shops to large corporations. While some companies had to stop operations for weeks or even months, others were completely destroyed and had to close down shop for good.
Bottom line is that no business is immune to natural or human-made disasters. That’s why you need an IT Disaster Recovery plan in place. This can help you mitigate the damage caused by a disaster and ensure business continuity even in the face of adversity.
We hope this encouraged you to research IT Disaster Recovery Solutions for your business. There’s no longer an excuse not to have one, and not having one it could cost you thousands or even worse your business!
If you’re interested in learning more about our wide range of Disaster Recovery solutions and how they can help safeguard your data Contact us today to get started and download “How to Develop a Disaster Recovery Plan” infographic below!
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