Business Continuity Plan

The Importance of Business Continuity Planning to Your Business

A Business Continuity Plan allows your business to resume normal operations after experiencing data loss or equipment failure resulting from minor problems to major disasters.

Business continuity

What Companies are Affected by Data Loss

You’ve probably heard news about companies that have experienced data loss. You may think that these losses can only happen to larger companies because of the huge databases they have. However, small to medium-sized businesses are not safe from data loss, either. Unfortunately, according to recently conducted studies, around 50% of small to midsized businesses are at risk, because they have no Business Continuity Plan (BCP) in place.

What is a Business Continuity Plan?

It’s a comprehensive plan that enables your business to resume normal operations after a significant data loss or network downtime due to natural disasters, sabotage or theft, or equipment failure.

What if Your Business Already Has a Continuity Plan?

Maybe you already have a Business Continuity Plan for your company. Even so, you need to make sure that your plan is flexible and scalable, and can adapt to the natural changes that your business undergoes.

Software and hardware installations, updates, and modifications are an important part of business continuity planning. Your data should be properly and regularly backed up, and you need storage and recovery systems and procedures that are continually updated with changes that constantly occur in your IT. If your computer software and hardware are not properly maintained and procedures are not updated, this may lead to backup errors that will result in costly data losses. Unfortunately, companies routinely suffer significant data loss because they discovered the errors too late – usually while trying to recover the data.

What Else do you Need to Have an Effective Continuity Plan?

In addition to having a flexible and scalable BCP, you also need a highly skilled IT staff that is up to speed on the importance of backup and recovery of data. It’s important that this staff is properly trained to implement your BCP in the event that your business experiences a major data loss.

What do do if You’re Ready to Put a Business Continuity Plan into Action

Your business is important to you – and to us, too. We’re here to help you create or fine-tune a Business Continuity Plan that is best suited to your unique business needs, as well as prepare and assist your staff in implementing the plan should it become necessary. Contact us for more details.

Published with permission from TechAdvisory.org. Source.
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