Why Is A Business Continuity Plan Important

Why Is A Business Continuity Plan Important-8
The complex IT infrastructure of most installations has exceeded the ability of most shops to respond in the way they did just a few years ago.Research studies have shown that without proper planning, businesses that somehow recovered from an immediate disaster event frequently didn’t survive in the medium term. It’s important to have a business continuity plan in place to identify and address resiliency synchronization between business processes, applications and IT infrastructure.

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We have all seen the devastation caused by recent hurricanes and wild fires along our coasts.

Depending on your location, you might be lulled into thinking that type of disaster “doesn’t happen here.” However, no matter where you are located, your business is not safe.

Understand that when a disaster strikes you are in , not business as usual. In the short term, it means loss of revenue and extra expenses for every day you are out of business.

Other potential impacts include the inability to preserve client relationships and the loss of talented employees.

On August 20, 2018, Southwest Wisconsin was swamped with such record setting rainfall that a state of emergency was declared.[i] It impacted our affiliated team’s office as well as their design and fabrication site.

Why Is A Business Continuity Plan Important Apa Style Essays

When we think about preparing for disaster, we think about the project site.At the same time, business continuity planning was becoming more complex because it had to consider application architectures such as distributed applications, distributed processing, distributed data and hybrid computing environments.Organizations today are increasingly aware of their vulnerability to cyber attacks that can cripple a business or permanently destroy its IT systems.But what if the disaster happens back at the office?What have you prepared in advance so that you can keep the business going - even if the lights go out?Applications such as decision support, data warehousing, data mining and customer resource management can require petabyte-size investments in online storage.An IBM Redbooks Business Continuity planning guide points out that the typical yearly growth of new data in an enterprise is in the range of 40% to 70%. Data recovery no longer lends itself to a one-dimensional approach.Also, digital transformation and hyper-convergence creates unintended gateways to risks, vulnerabilities, attacks and failures.Business continuity plans are having to include a cyber resilience strategy that can help a business withstand disruptive cyber incidents.Plans typically contain a checklist that includes supplies and equipment, data backups and backup site locations.Plans can also identify plan administrators and include contact information for emergency responders, key personnel and backup site providers.

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