Welcome to the Business Insight blog, your all access pass to the very best thought leadership, information and tools for creating smarter business strategies and practices. You'll discover a broad range of resources including real-life case studies, insightful analyses, blogs, articles and ideas from leading experts in diverse industries.
|The IBM Business Insight Channel||IBM for Midsize Businesses|
|Most recent||Most recommendations||Most comments||Most visits|
Signs of growing disaster recovery awareness in ANZ
Ulrika Hedquist 270005M0MB email@example.com | | Tags:  ibm managed business continuity_risk_resilienc... idc preparedness strategy recovery continuity gts services cloud resiliency hedquist dr index disaster ulrika outsource solution
0 Comments | 7,970 Visits
Research suggests that many midsized businesses are not prioritising disaster recovery planning until they experience a disaster or data loss themselves. According to a survey by global security company Symantec, the cost of not being prepared is high, and could potentially put a midsized business at risk of going out of business.
The “2011 SMB Disaster Preparedness Survey” found that half of the respondents did not have a plan in place. 41% said that it never occurred to them to put together a plan and 40% stated that disaster preparedness was not a priority.
According to IDC senior market analyst, Vern Hue, the reality in Australia and New Zealand is that many midsized businesses do not have a disaster recovery (DR) strategy, as they don’t understand the benefits of DR.
“Sadly, many organisations only realise this until after a scare, which shocks them into making DR decisions,” says Hue.
However, IDC is seeing an increased uptake of DR in local midsized businesses, as many are starting to appreciate that not having a DR plan could have grave implications on their business.
“The recent natural disasters in the region have given them a sobering wake-up call.”
There are even indications towards a steady growth of DR in the midsized business space, brought on by the improving economy.
”Another trend we are seeing is the availability of storage of data in virtual and cloud environments,” explains Hue. “This could be a more cost- and risk-effective DR strategy for most.”
Hue sees a number of advantages with outsourcing.
On the other hand, business owners and IT managers need to understand that it is vital for them to play the lead role in ensuring the appropriate governance is in place, and not “blindly leave it in the hands of managed service providers,” warns Hue.
Smaller companies, that don’t have an IT department, could have a lot to gain by adopting an outsourced solution. But even if you have the skills and resources to manage DR in-house, you might want to prioritise those resources elsewhere. However you choose to do it, having a DR strategy in place will reduce the risk of losing customers, losing data – or worse – going out of business, in the event of a disaster.
Discover how robust your DR plan is with IBM Business Continuity Index and find out how you compare with your industry.