Business continuity plan is something that every organization needs to have in place before a disaster happens. Every day somewhere in the world disasters are happening. Some are man-made and others are natural events. In any case they both can harm people and businesses. It can be something as common as a flood or extreme as civil disturbances. The result is the same — can the business support it customers’ needs?
Companies cannot stop them from occurring, but they can be prepared. When disaster strikes, the clock is ticking; and when the clock is ticking, businesses that practice Business Continuity Management (BCM) are ahead of the game!
How do you balance the business continuity disaster recovery risk and investment equation? Is the potential risk greater than the investment? The facts are:
- 43% of companies experiencing disasters never reopen, and 29% close within two years.
- 93% of businesses that lost their data center for10 days went bankrupt within one year.
- 40% of all companies that experience a major disaster will go out of business if they cannot gain access to their data within 24 hours.
This new video explains what BCM is and why you should be doing it.