Also commonly refered to as "Backup and Disaster Recovery," Business Continuity is the practice of ensuring an organization's operations can continue in the event of a disaster. This often involves duplicating company and client data on a secure server (eith on-site or off-site) as a form of insurance against potential physical and online disasters. Should a disaster occur, the company can restore their data to ensure minimal impact on operations and security. The IT industry also commonly refers to backup and disaster recovery solutons as "BDR Solutions."
The biggest reason companies engage in business continuity planning and management is simply as a means of insurance.
Should anything happen (fire, flood, malware attack, etc), they know that they can at least pick up where they left off as opposed to starting from scratch. This also helps protect companies from any legal ramifications on part of their clients or partners, should any of their digital information be lost.
Here are some interesting facts that support this reasoning...
- 87% of companies that lose access to their corporate data for more than 7 days go out of business within a year.
- 80% of companies that suffer a major disaster and don’t have any form of contingency planning go into liquidation within 18 months.
- 30% of all businesses that experience a major disaster go out of business within a year. 70% percent fail within five years.
- The actions taken in the first four hours after a disater are the difference between survivability and failure.
Business Continuity Planning
When working with TVG, a Business Continuity Consultant leads you through a 64 step process that covers every aspect of recovery of your business, whether it’s a minor emergency or a catastrophic disaster.
Business Continuity Management:
Our proprietary Backup and Disaster Recovery (BDR) application, ProtectNOW, is delivered in a budget-friendly SaaS model. ProtectNOW is hosted in secure, redundant data centers so that in the event of a disaster, you can recover key data wherever an internet connection is available, minimizing the impact of a disruption.
TVG Consulting’s revolutionary data backup, offsite storage and disaster recovery solution, MasterStore, virtualizes any physical, on-site infrastructure in the Cloud, so in the event of a failure or disaster, failover protection is seamless in a matter of hours, not days--meeting business continuity time objectives for a majority of industries.