Disaster Recovery: Fast Facts
No matter which analyst firm you ask, the answer is always the same. Disaster recovery (DR) is a vital safeguard for any organization. But these same analysts also agree that too few firms have implemented disaster recovery effectively.
This International Data Corp. (IDC) Technology Spotlight, Leveraging the Public Cloud for Faster Disaster Recovery at Lower Cost, highlights the fact that DR is an organizational necessity and that cloud-based DR is able and ready to meet that challenge. Here are some fast facts about DR taken from the report:
- DR plans are inadequate: According to IDC, the DR plans of about half of all of organizations can be classified as inadequate. If they suffered a major disaster, many of them simply would not survive. Why? IDC places the average cost of downtime at $100,000 per hour. Certainly, for small businesses, the price tag is much lower. But for large enterprises, it can soar as high as $1.6 million per hour.
- Unplanned downtime is a reality: Those willing to take the risk of making do with sloppy or non-existent DR had better know this. IDC surveys indicate that most organizations suffer 10 to 20 hours of unplanned downtime per year. In other words, anyone thinking that they can “get by without DR for another year” is asking for big trouble.
- Half of data is lost: Another surprising finding from IDC is that only half the information that should be protected is protected. That means 50% of potentially valuable data, if lost, won’t be recovered.
- Cloud-based DR market is growing: IDC estimates that the cloud backup market is growing at a rate of 9% annually while cloud-based DR is expanding by more than 21% per year in terms of overall revenues. Clearly, more and more organizations are realizing that the cloud now represents an enterprise-ready option for backup and DR.
- Cloud-based DR spending is on the rise: Cloud-based backup and DR are predicted to account for more than $1 billion in annual spending by 2018. IDC said that this means both markets have achieved critical mass and will attract the investment and competition that benefit users.
Conclusion: Without a modern approach to backup and disaster recovery, no organization can consider itself to be fulfilling its fiduciary responsibilities by adequately safeguarding its data. To learn how cloud-based backup and DR services such as Zetta Disaster Recovery can help protect your business from data loss, contact us.