Debunking Common Business Continuity Myths

When people hear the phrase "business continuity," the first thing that springs to mind is about preparing for an unforeseen natural catastrophe or safeguarding confidential client information. Some think that technology is too complex and costly to be helpful. Others believe that it is unavailable to small and medium-sized enterprises. However, that is not the case.

To dispel these claims, here some of the most prevalent misconceptions about business continuity:

Solutions Are Difficult to Come Up With

Unfortunately, about more than one-third of IT professionals are dissatisfied with business continuity solutions because they are too complex to use. Over the past several years, there has been a significant advancement in business continuity. However, not every BCDR technology is difficult to understand. There are quite a few solutions available that are created to merge seamlessly with any current environment.

Solutions Are Costly and Designed Solely to Serve Big Organizations

While more influential organizations recognize the need for business continuity and make investments in technology, not all solutions are without a heavy price tag. Small companies now have choices and may get an enterprise-quality business continuity solution for as little as a few dollars per day.

Solutions Are Not Worth the Money Spent

Eight hours of continuous downtime is equivalent to a full day's worth of labor. With the advent of ransomware, it is only likely to increase much more, and by a significant margin. That being stated, the issue should not be whether or not a company can afford a Business Continuity solution, but rather whether or not the company can afford not to have one.

Solutions Are Only Needed for Companies Vulnerable to Catastrophes

Although companies situated in some areas of the nation may be more vulnerable to natural disasters, every business suffers some degree of risk. Given that weather patterns are always changing, companies are also confronted with new weather-related risks that are difficult to anticipate.

A natural catastrophe is just one of the many factors that contribute to downtime. A simple power loss is considered the number one source of downtime in the world of business. The last two spots are taken up by hardware and human error. In other words, even if you are not concerned about protecting your company from a natural catastrophe, you should take precautions to ensure continuity.

Solutions Offer Nothing More Than Data Protection

While securing a company's vital data is a crucial role of a business continuity solution, it is by no means the only one available. Business Continuity is the process of guaranteeing that a company can continue to operate no matter what happens.

A lot of things can happen if one of your mission-critical systems fails. Perhaps your company can function without its sales and accounting systems for a short period, but what about its telephone system? What happens when employees can no longer send emails?

Many people are concerned about the loss of business-critical data. The danger of a business disruption, on the other hand, is just as valid a fear.

Final Thoughts

Every industry has its own set of myths, and business continuity is no exception to this rule. Perhaps the misconceptions that have been addressed and refuted above are the ones that you have been experiencing the most often. You will be doing yourself and your company a favor if you can learn to look beyond these misconceptions. The most effective approach to guarantee that your business is prepared for any situation is to build your program on the solid foundation of reality.

If your organization needs assistance with business continuity planning, Bracer is a reliable IT solutions company that can cater to your needs. Regardless of what life throws at your company, our services will guarantee you have a reliable backup of your digital assets. Schedule a consultation now to learn more about our services.