Consistency is an immensely important requirement for flourishing a business. Any hiccup in the operation or communication can be catastrophic to a company’s health.
Whereas an enterprise can take measures to prevent internal failures, there are some contingencies that are unavoidable. Aside from damages they cause to physical assets, disasters can cause unplanned downtimes across a business which equates to huge losses in revenue. Furthermore, it hurts the organization’s reputation and brings up more unexpected problems.
Competing in the global market is a matter of maintaining steady operations and having a reactionary plan for any unforeseen risks. For a developing country like Pakistan, corporations face challenges that could strike at a moment’s notice and jeopardize future prospects. It’s an uphill battle against an already unreliable infrastructure that exacerbates the harm disasters inflict on our economy.
In this blog, we will discuss Disaster Recovery, and how its implementation can keep companies safe from the tremendous damages caused by disasters. I will
also cover the state of DR and how much effort is being put into its implementation.
Since 2005, Pakistan has been inflicted by 2 major earthquakes, 3 severe floods and several hurricanes which has caused an economic damage amounting to over US$16 billion according to a national survey. Within this time frame, poor maintenance, network security breaches and terrorist attacks have only exacerbated the situation making our country extremely prone to disasters.
Major results of these incidents which cause economic losses include:
In this blog, I will focus on the first two as most enterprises rely on a steady flow of information to maintain their daily operations. Even short downtimes can spell a surprisingly large amount of loss in revenue. Research suggests unplanned service downtime can cost businesses anywhere between US$ 100,000 to US$500,000 per hour. Critical application failures can be even more costly.
36% of organizations end up losing critical applications inflicting more than US$ 1 million in company losses. Data loss is another threat for organizations that rely on off-site data centers. During serious outages, 65% of the companies are able to recover their data intact but the rest report partial and even permanent loss of data which cripples their
As an enterprise operating in Pakistan, you must be prepared to initiate an efficient and swift Disaster Recovery plan as a damage control protocol.