A fast, flexible data recovery system not only saves thousands – it could save your business.
Business Data Loss can be the result of anything from hacking to a natural disaster – and sometimes these losses are catastrophes from which a business cannot recover. And no one is immune – most organizations experience between 10 to 20 hours of unplanned downtime per year, even without a experiencing disaster.
The cloud has been adopted in almost all aspects of business to add agility, performance and efficiencies.
- According to a recent study by Bain & Co., Global cloud IT market revenue is predicted to increase from $180B in 2015 to $390B in 2020, attaining a Compound Annual Growth Rate (CAGR) of 17%.
- IDC states in a recent study that the Global cloud IT market revenue is predicted to increase from $180B in 2015 to $390B in 2020, attaining a Compound Annual Growth Rate (CAGR) of 17%.
One of the last hold outs, however is disaster recovery (DR). Should you trust your DR to the cloud? As organizations become increasingly overwhelmed with data from the adoption of IoT in addition to more traditional big data applications, DR is becoming imperative because the loss of this data and related down-time could cause irreparable damage.
Cloud-Based Disaster Recovery on the Rise
Until recently, disaster recovery didn’t get the attention it deserved because the high cost and complexity of having to set up duplicate data center facilities made it out of reach for many companies. Many organizations don’t even see the benefits of disaster recovery until a disaster occurs and they are left with data loss. IDC estimates that 50% of organizations, may not be able to survive a disaster because of their inability to recover their systems.
“At the same time, business units may not be aware that an adequate plan does not exist and assume that operations would be restored promptly under any circumstances,” IDC states.
The three main benefits of powering disaster recovery in the cloud are outlined below:
Conservation of Resources
Companies that decide not to go the cloud route can either set up a duplicate data center on their own or enter into a hosting arrangement with a third-party data center. When using the cloud for disaster recovery, you do not have to go to the expense of setting up duplicate data center facilities that sit idle most of the time, waiting for a disaster to occur. Cloud-based DR is much more affordable because it doesn’t require a huge up-front capital investment.
Using the cloud also means that organizations can respond to a disaster within a matter of minutes. Your organization will be able to recover from a disaster within the cloud itself, using cloud orchestration tools to automate the in-cloud recovery process from end-to-end.
Without such tools, recovering from a disaster means scripts and intense manual intervention is required in order to hit critical DR service level agreements. Many times, when a disaster occurs, organizations will find that their data is actually not as recoverable as they thought.
DR in the cloud uses a pay-as-you-grow model which makes for cost reduction because you can choose which data will be recovered in the event of a disaster or cyber attack. You only pay more when you need more storage.