Business continuity (BC) and disaster recovery (DR) are closely related practices that support an organization's ability to remain operational after an adverse event. The goal of BC/DR is to limit risk and get an organization running as close to normal as possible after an unexpected interruption. As cyber threats increase and the tolerance for downtime decreases, business continuity and disaster recovery gain importance. These practices enable an organization to get back on its feet after problems occur, reduce the risk of data loss and reputational harm, and improve operations while decreasing the chance of emergencies. The trend of combining business continuity and disaster recovery into a single term (BCDR) is the result of a growing recognition that business and technology executives need to collaborate closely when planning for incident responses instead of developing schemes in isolation. BC/DR is a rapidly expanding market for managed service providers because backup touches so many of their customers' business concerns. Another developing concern is around compliance. The BC/DR market's growth can be tied to the current state of the small and medium-sized business (SMB) segment, which makes up the bulk of MSPs' customer focus. SMBs are also bound by many of the regulatory requirements that are imposed on enterprise-size organizations, so they must meet those same compliance demands. BCDR professionals can help an organization and its employees achieve resiliency. Developing a strategy is a complex process that requires research and analysis, including conducting a business impact analysis (BIA) and a risk analysis, and developing BCDR plans, tests, exercises and training. Continue reading... |
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