As IT systems have become increasingly critical to the smooth operation of a company and arguably the economy as a whole, the importance of ensuring the continued operation or the rapid recovery of these systems has increased.
It is estimated that most large companies spend between 2% and 4% of their IT budget on disaster recovery planning, with the aim of avoiding larger losses in the event that the business cannot continue to function due to loss of IT infrastructure and data. Of companies that had a major loss of business data, 43% never reopen, 51% close within two years, and only 6% will survive long-term.
As a result, preparation for continuation or recovery of systems needs to be taken very seriously. This involves a significant investment of time and money with the aim of ensuring minimal losses in case of a disruptive event.