7 Reasons You Need a Disaster Recovery Plan

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L Cubed Data Services partners with NetApp to deliver robust disaster recovery solutions customized to fit the needs of any organization.

Leveraging the power of the NetApp Data Fabric, we provide DR solutions spanning everything from on-premise customer-managed data centers to hybrid multi-cloud environments like Amazon Web Services, Microsoft Azure and Google Cloud Platform.

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1. Permanent Data Loss

Data loss is detrimental. If a business doesn’t have a disaster recovery plan in place, they risk losing data that is vital to customer satisfaction and continued operations. Having the right plan in place will help a business protect itself from external threats and internal accidents. Your business can’t afford to lose such important information. 

2. Human Error 

Mistakes happen in the workplace whether it’s hardware, software, or user error. Any accidental click can cause chaos for a business. Even the most cautious person can make the mistake and place important information at risk.

A disaster recovery plan in place with data backups will come in handy when these mistakes happen. DRPs should include preparation for potential cyber security threats, an allocated recovery team, and backup solutions for priority files.

3. Customer Re-Acquisition Is Expensive

Customer retention is expensive, but customer re-acquisition is far more costly. Earning a customer’s trust and loyalty is difficult, which is why taking preventative measures to protect their information and files is essential to standard operating procedures.

In many industries, IT disasters can cost thousands of dollars per minute, depending on the type of data loss. As a result, customers tend to be unforgiving when a managing 3rd party encounters impactful file loss.

4. Broad Range of Threats

With any online data, the threat of cybersecurity is always present. A breach in a network equates to a very serious information security risk, and can cause further unwanted destruction to a business’s network.
The loss from a cyber-attack totals over $500,000 on average. This can be the beginning of the end for some businesses, but especially so for start-ups, which can cause them to cease continued operations.

Data also has natural disaster threats and technical threats that a disaster recovery plan will address. Businesses put hundreds of hours into their files, so much so that it becomes a valuable investment. If all of that is no longer accessible, it’s can be a loss of time and money.  People think it’s cheaper not to invest in security, but it can be a lot more expensive not if they choose not to.

5. Reputation Damage

Unhappy customers will quickly spread the word about their problems. With social media, the word about a bad experience can spread in seconds and could be visible to potential clients as they look for references. A damaged reputation can not only impact the ability to gain new customers, but it can also negatively impact how existing customers feel.

Investing in a disaster recovery plan will reduce the risk of abad brand reputation.

6. Protect the Business

After spending money and priceless time to build a business, it makes sense to protect it. Running a business without protection is almost like driving a car without insurance. A disaster recovery plan is like insurance for businesses, bringing peace of mind in the event of undesirable occurrences.

On average, 96% of businesses with a plan are able to fully recover, and get back on track to continued and successful operations.

7. Costs

Unplanned attempts to recover lost data can be very expensive. Demanding a quick recovery is even more expensive. Planning saves this headache for a business owner. Having a plan in hand will have the business prepared in case of a data loss.

This means that the business owners will not be forced to hire expensive professionals due to urgency.