According to a recent survey of IT decision makers at small and medium-sized businesses (SMBs), business continuity (including data protection and recovery) was identified as a top IT challenge. So, if you’re starting to evaluate new disaster recovery solutions to address this challenge, here are some facts to help with your 2016 disaster recovery planning.
#1 Cause of SMB Downtime
While many still think natural disasters as the top cause of downtime, industry data indicates that hardware failure and human error are far more common. And these micro disasters are a blind spot for SMBs.
In a new report from ActualTech media, 79% of mid-size companies (500-999 employees) couldn’t recover from a hardware failure in minutes, leaving companies in a “fix first, run later” mode. Read the full 2015 Disaster Recovery as a Service Attitudes & Adoption Report to learn more about your peer’s disaster recovery capabilities.
SMB Downtime Costs are Increasing
Given our reliance on data, systems, and applications to do our job, it’s no surprise that the cost of downtime is rising. For SMBs, an hour of downtime can cost anywhere from $8,000 to $74,000. However, the true financial impact goes beyond formulaic downtime costs. When WhatsApp suffered four hours of downtime, it not only cost them millions of dollars but they also saw four million customers abandon their application and sign up with a competitor’s app. Ouch.
New Cloud Based Disaster Recovery Solutions are Making Push-Button Failover Affordable
Yes, even for the mid-size company that doesn’t have a huge IT budget, there are new cloud based disaster recovery solutions that are making it possible to eradicate downtime without:
- Needing a dedicated 2nd site or additional floor space.
- Requiring extra IT resources to deploy, test, and manage.
- Spending hundreds of thousands of dollars.
In short, you can have enterprise-grade disaster recovery at the cost of backup.
Get the Disaster Recovery Planning Toolkit
For the first time, small and medium-sized businesses can affordably eradicate downtime. No longer a luxury that’s just reserved for enterprises, SMBs can minimize business risk, ensuring their employees and customers are never affected from hardware failures, human error, or natural disasters.
Need help with your 2016 Disaster Recovery planning? Check out our Disaster Recovery Survival kit which includes:
- ActualTech Media Disaster Recovery as a Service (DRaaS) 2015 Attitudes and Adoption Report
- George Crump’s DRaaS Buyer’s Guide: 5 Must Ask Questions
- Infrascale Cloud Failover Appliance Datasheet
- Tech Brief: Infrascale Cloud Failover Appliance
- Infographic: Top 25 DR Statistics
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