Having continuous access to corporate data is critical for any business, as even a short interruption can cause significant financial loss. There are plenty of threats businesses face when it comes to ensuring that systems and data can be recovered in the event of a disaster, natural or not. For example, the recent blizzard that hit northeastern U.S. caused widespread power outages that undoubtedly impacted businesses, especially ones that didn’t have a viable disaster recovery plan in place. The storm, called ‘Juno’, was so massive that it could be seen forming from the International Space Station well before it actually hit ground, giving people time to prepare. In fact, leaders in several major cities advised workers to stay home, and hundreds of schools were closed.
Besides being buried in snow, many areas in New England that were hit particularly hard lost power in the midst of the storm’s fury. Businesses felt the impact, especially ones without an automated DR system in place. In a natural disaster like this, businesses are at risk of losing access to the critical information stored in their databases. And, often times, complicated DR configurations are out of date when disaster actually does strike. Furthermore, there are usually only a few people in the organization that have the technical knowledge and skill to configure DR, and if they can’t access the data center, the problem gets worse fast.
On-the-fly application drills save IT resources and man hours
Disasters are inevitable and can disrupt business operations, resulting in direct revenue loss. Whether business operations are compromised because of an unplanned telecom outage, extreme weather, data breach or cyber-attack, businesses — whether small or large — operators need to have solid disaster recovery plans in place. While disaster recovery plans are essential to ensure business continuity, they may do little good if they aren’t tested regularly.
The first step in developing a disaster recovery plan is to understand your environment and identify the potential risks to critical business operations. Through detailed risk analysis, the disaster recovery team needs to list and prioritize the business’ essential functions. Possible risks can be broken into several categories: external risks (natural disaster, human-caused, etc.), facilities-related (power outages, fires, etc.) and risks to data systems and application continuity across multiple, interdependent tiers, including enterprise applications, databases, networks, storage, backup, replication and data protection infrastructures. For each of these risks, disaster recovery (DR) administrators need to determine the likelihood of service disruption; the impact it will have on the organization as a whole, as well as per business line; and what is an acceptable recovery time and recovery point (RTO and RPO).
Very often companies say their disaster recovery plan is fool-proof if they have the right software. But outages and IT downtime can have huge negative impact on businesses.Generally, companies face three kinds of risks: External risks include natural and man-made disasters, Facility risks comprise power outages and fire mishaps while data systems risks relate to related to the use of shared infrastructure, such as networks, file servers, and software applications which could impact multiple departments.
Gartner suggests that close to $42,000 is lost every hour due to power outages and financial sector incurs upto $100,000 loss. A 2013 survey of data center operators conducted by the Ponemon Institute gives some idea of how costly data center outages can be at the high end. Seventeen percent of respondents estimated that a one-hour outage would cost their organization more than $500,000, and 6% said a one-hour outage would cost more than $1 million. That is the reason why Recovery-as-a-Service (RaaS) is gaining momentum.
Chandra Pulamarasetti, Co-Founder & CEO, Sanovi Technologies, says, “IT firms are realizing the impact that a disruption of service could have on the revenues, customer confidence and existence in itself. IT departments are getting closely tied in with the business objectives in formulating their business continuity SLAs. They have consensus that a well-planned Business Continuity & IT Recovery set up is integral and has to have high levels of automation built in to avoid human errors as well as dependency on few experts in a crisis situation.”
At the core of disaster recovery is the fact that a copy of the mission critical data owned by the enterprise is kept at a different location. A DR solution must not only enable the business to recover from any natural or man-made disaster quickly, it should also be cost effective
Disaster recovery is a system of saving data in case an unexpected disaster strikes. There can be any number of negative events that can lead to disruption in the services that are being provided by any data center. But nowadays the consumers have come to expect flawless 24/7 service and failure of a data center, even for a few hours, is simply not an option.
A data center failure can lead to not only financial loss; it can also lead to the loss of reputation, which may result in an irreversible damage to the future prospects of the business. Hence disaster recovery (DR) technologies, which help enterprises in dealing with a broad range of disruption scenarios such as cyber attacks, fire, power-cut, riots, terrorist attack, cyclone, earthquake, etc., are of critical importance.
In an increasingly interconnected world that thrives by crunching massive amounts of data, it is obvious that the demand for disaster recovery solutions will have no limits. Industries such as banking, insurance, retail, telecom, eGovernance, and manufacturing are highly dependent on DR technologies.
The data center, converged infrastructure and storage segments are all set to grow at a healthy pace in the current year, and this will naturally lead to growth in the demand for disaster recovery solutions. According to Gartner, disaster recovery solutions are typically 4% of the data center budget and this share can go as high as 6-8% in a country like India where large numbers of disaster recovery projects are occurring. Hence, the DR solutions market size in India is expected to be on the high side for the year 2015 at 6-8% of the data center spend, totalling $125-$160 Million. Read More…