How Backup and Disaster Recovery Protects SMBs
Many SMBs operate with a sense of unrealistic optimism when it comes to data loss and disaster recovery. However, the reality can be quite different and can negatively affect your business if you’re not vigilant. As the rate of digitalisation increases, so does the risk of data loss. Can your business afford a data-loss incident?
It doesn’t matter if data loss happens because of human error, cyberattack or natural disaster. It can have far-reaching consequences such as:
- Severe downtime: For SMBs, per-hour downtime costs vary from $10,000 to $50,000.1
- Damage to reputation: One-third of customers will end their association with a business following a severe data loss.2
- Regulatory penalties: Failure to protect data can draw penalties worth 2% to 4% or more of company turnover.3
- Permanent closure: Some businesses are unable to recover from an incident and close permanently.
Prioritising backup and disaster recovery for your business is very important. A comprehensive backup and disaster recovery solution provides secure, uninterrupted backup and quick data recovery — with a cloud-based architecture that ensures the business runs seamlessly in the event of a disaster.
Key Terms Used in Backup and Disaster Recovery
The following terms will give you an idea about the type of actions and processes you should aim to implement within your business:
- Minimum Business Continuity Objective (MBCO). The first time we sit down with a business and talk about is “what can you not afford to lose? From there, we write a backup and disaster recovery plan.
MBCO signifies the minimum level of output needed after severe disruption to achieve business objectives.
- Maximum Tolerable Period of Disruption (MTPD): This is often a critical metric for businesses. HR cost is one of the highest costs of any business, and as such, downtime for people means a financial impact to the business, so we ask “how long can you afford to be down”.
How does Pritech make sure I am safe?
There is not “one size fits all” method to backing up a business. Like our customers, our methods are varied. We will tailor a solution that you, and your back pocket are comfortable with. Want to know more? Touch base.
