Elements Of A Business Continuity Plan

Elements Of A Business Continuity Plan-17
Backup tapes were stored at protected sites away from computers.Recovery efforts were almost always triggered by a fire, flood, storm or other physical devastation.

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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.

According to IDC, on average, an infrastructure failure can cost USD $100,000 an hour and a critical application failure can cost USD $500,000 to USD $1 million per hour.

To withstand and thrive during these many threats, businesses have realized that they need to do more than create a reliable infrastructure that supports growth and protects data.

The plans typically include ways to defend against those risks, protect critical applications and data and recover from breach or failure in a controlled, measurable way.

There’s also the issue of exponentially increasing data volumes.

Businesses thought beyond disaster recovery and more holistically about the entire business continuity process.

Companies realized that without a thorough business continuity plan they might lose customers and their competitive advantage.

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.

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