Data recovery can make your break your business’ continuity plan, and you absolutely cannot underestimate how important this is for the future of your organization. There are countless ways your business could lose data, and if you encounter even a single one of them, your organization could be put at serious risk. We’ll take a look at operational data loss and how your organization needs to strategize data recovery.
Data Value in Business
First, you need to realize just how important your data is to your business. There is a field of study called infonomics that can place a dollar value on your business’ data, but there is a surprising number of businesses that don’t place tangible value on their digital assets. As time passes, however, it’s becoming more apparent that organizations need to find the value in their data if they want to be prepared for the future. In particular, they are paying attention to this for the purposes of insurance and accounting, assigning monetary value to their data so they can judge their losses more effectively.
Since analyzing your data can make for more efficient and profitable business practices, being able to evaluate the value of your data in the event of a disaster is incredibly valuable. Basically, it’s all about guaranteeing your organization’s future and improving redundancy in the face of impossible odds. Here are some questions to ask yourself when thinking about the value of your data:
- How much capital would it cost to replace lost data?
- How much revenue is dependent on that data?
- How much money could you make by selling or renting the data you have?
- How much capital will you have to spend to protect this data?
Data is the life’s blood of your business. Without it, whether it’s destroyed in a natural disaster or stolen during a hacking attack, you face certain demise. Therefore, you need a way to restore it.
The best way to make sure data restoration happens is with a data backup solution. S3 Technologies can equip your business with a strategy that promotes redundancy. We do this by helping you implement a strategy that involves data backups being stored both locally and off-site, giving you more options and more copies of your data in the event anything goes wrong. BDR initially backs up the entire network, and it takes incremental backups following this throughout the workday, minimizing downtime in the long run and keeping data loss at an all-time low.
The best data recovery strategy is one that never has to be used, but it still presents value as a contingency plan in the event that something does go wrong. The best way to pull this off is by having a dedicated recovery platform in place that takes advantage of these two factors:
- Recovery Point Objective (RPO) – The interval of time that might pass during a disruption before the amount of data lost exceeds the maximum threshold that your business can weather.
- Recovery Time Objective (RTO) – The duration of time within which data or business process must be restored after a disruption before it can be considered a complete break in continuity.
With a thorough disaster recovery strategy, you’ll minimize the chances of your business suffering needlessly from future disasters. To learn more, reach out to us.