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23 Jun 2008
Too many companies are risking an IT disaster because they are not properly protected, according to experts.
UK-based tech support firm IT Lab claims that companies are sticking their heads in the sand and hoping for the best when it comes to disaster recovery. It is a policy which "could spell financial suicide", the firm believes.
Dom Monkhouse, managing director of IT Lab, said: "Accidents can occur. Look at the major comms hub which caught fire in Manchester a few years ago leaving hundreds of businesses without telephone or internet channels for weeks.
"Not surprisingly over half the companies eventually stop trading, and most of these were SMEs. This was because they did not have any disaster recovery plans in place.
"Without a back-up plan valuable customer data can be lost which in turn ruins brand reputation and can even lead to bankruptcy."
Monkhouse warned that companies often fail to have even the most basic solutions in place.
"A disaster recovery plan does not need to be complicated, nor do its elements need to be expensive," he said.
"Often, just getting the phones to divert to a location scripted to manage them can make a huge difference, as can making sure the firm backs up data to a remote location."
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Do you agree?
A central asset register provides the solid foundations of business continuity.
A lackadaisical approach to asset monitoring would challenge the validity of any disaster recovery solution and also present huge problems in the event of an insurance claim. Any inconsistency between the asset register held within finance and other inventory records in the business will raise significant doubt for insurance companies, delaying payment at best. At worst an organisation could lose any chance of an insurance pay-out, even face charges of claiming for non existent items. All businesses should be able to provide back-up and recovery in the event of a disaster. Business continuity planning depends on being able to counteract the effects of any unexpected devastation. Accurate asset records afford businesses the ability to run "what if" scenarios for future capital expenditure as well as to guarantee swift insurance claim processes. This approach ensures, in the event of a crisis, that the company is financially prepared for asset replacement and that operations continue in order to safeguard the businesses of its customers. How an enterprise recovers from disaster can mean corporate life or death and define future reputation. But with a sound disaster recovery plan, including comprehensive asset records, unavoidable, physical damage doesn?t have to ring the death knell for businesses. Yours faithfully, Karen Conneely
Posted by: Karen Conneely 30 Jun 2008