OUR THOUGHTS ON:

The Importance of Business Continuity and Disaster Recovery

Risk Advisory/Internal Audit

By Eric Fair

As organizations continue to increase their reliance on their IT infrastructure and the underlying data, those that do not have a formal disaster recovery strategy are exposing themselves to a high risk of data recovery failure, which could potentially lead to:

  • Service delivery or product fulfillment interruption;
  • Revenue and/or customer loss;
  • Lawsuits;
  • Business shutdown.

High-profile and complex cyber-attacks, defacement of corporate websites, DDoS attacks, and unanticipated environmental factors are causing unscheduled downtime of critical data.  Such factors emphasize the need to develop effective strategies, to recover critical data and IT services, in the most efficient and effective manner with minimal or accepted loss.

As continuity and recovery services continue to be an integral part of an organization’s success, organizations must determine the most appropriate continuity and recovery strategy for their business model. They should consider the benefits and challenges of the available options:

  • Dedicated
    • Advantages: offers complete control over the in-house DR infrastructure
    • Disadvantages: complex, resource-intensive, significant financial investment/time, recurring infrastructure upgrades
  • Managed
    • Advantages: service provider manages the in-house DR infrastructure
    • Disadvantages: availability and responsiveness of service provider, complex, significant financial investment, recurring infrastructure upgrades
  • Hosted
    • Advantages: service provider owns and manages the DR infrastructure, quicker implementation, additional in-house resources may not be required, allows internal IT personnel to focus more on their core role, DR infrastructure upgrades included, scalable and easily adaptable to latest technology   
    • Disadvantages: availability and responsiveness of service provider

If your organization has yet to develop or needs assistance deciding on the most appropriate Business Continuity and Disaster Recovery strategy, we would be more than happy to provide assistance with such critical services.  Please contact Eric Wright at 412-697-5328.

© 2014 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

comments