The most valuable business asset is data, which employees use for daily operation, and to generate more historical and transactional raw data. Owners & line might get insight from internal data, and by combining with multiple data sources. Data loss hits businesses hard, due to the cost of downtime, loss of productivity and revenue, and damage to company reputation. A good BCDR strategy is crucial for ensuring data integrity (RPO - Recovery Point Objective) and resuming business whenever there’s outage (RTO - Recovery Time Objective).
Gartner has determined that business downtime can cost companies over $5000 USD per minute!! That means potential losses of up to $340,000 per hour (or more). Sangfor's Managed Cloud Services MCS, covers BCDR strategies. More enterprises are looking to BCDR for protection from devastating losses like this, but what is BCDR, and what metrics do you use to determine your ultimate needs?
Business Continuity and Disaster Recovery, often written as BCDR, is the process an organization creates to help them recover from a disaster, be it natural or cyber-attack. According to Techopedia, BCDR has two different components: Business Continuity (BC) and disaster recovery (DR).
It’s important to pre-plan and create policies to keep business running efficiently without any continuity issues. Business continuity planning can mean anything from hiring new staff of retraining existing staff, to setting up policies to guide change management.
DR comes into play as a system in place to determine the chain of command in the event of a disaster, and what tasks need to be prioritized in the event of a disaster. This can include anything from a plan for system restoration to backups and copies of vital data and systems. Sangfor HCI Hyperconverged Infrastructure provides you robust proction for your Disaster Recovery DR needs.
Before we get into how BCDR affects RPO and RTO, let’s explore what they are.
RPO, or Recovery Point Objective, determines how much data your business can afford to lose due to a disaster, and how long it will take to get up and running before your business starts to seriously suffer. This is calculated from the time the incident occurs, not from when your team discovers it and starts to fix it. RPO is determined by elements like:
RTO, or Recovery Time Objective, defines he amount of time I takes to recover your IT infrastructure after a disaster or any kind of shut down, and greatly affects continuity. Some businesses (smaller ones) can generally afford a few hours of downtime, as they will only miss out on a few orders. Larger retailers, like Amazon, will miss out on hundreds of thousands of orders in a short amount of downtime, making a BCDR plan more vital. RTO is determined by elements like.
RTO affects your overall and IT business needs, while RPO focuses totally on data. Generally, the cos for RTO is greater, as it encompasses more aspects of the business than RPO. Finally, it’s easier to predict and work with RPO, because there are fewer variables to data processes, while RTO has many moving parts that affect many areas of the business. Why are we talking about theses concepts? Because they are the foundation of a good BCDR plan.
MSP360 gives a great example of his concept: If your RTO is 5 hours, and your IT infrastructure takes 7 hours to restore after a disaster, you will certainly have issues down the line. Onn he other side of the coin, if your restoration time is 4 hours, and you are paying for an IT infrastructure with a recovery time of 2 hours, you can scale back and potentially save some money!
A common type of BCDR model includes three tiers, defined by DSM.net as:
Business Continuity and Disaster Recovery
It will protect your data, infrastructure, employees and applications in the event of a natural or man-made disaster.
Perform a BIA (Business Impact Analysis) using RPO (Recovery Point Objective) and RTO (Recovery Time Objective)
Plan triggers, Leadership and team roles, WFH policies for emergency, Communication during crisis, Contingency plans
For more information on standards for continuity and disaster recovery, reach out to the experts at Sangfor Technologies, and see how we can take your network security and cloud computing capabilities to the next level in 2022.