It is hard to think of a market that is more poised to explode in popularity than disaster recovery solutions. Around the world, demand for disaster recovery solutions was worth about $8 billion in 2021. However, by 2030, this industry is expected to generate more than $115 billion in revenue every single year!
All signs point to even further continued growth after that. But what is it about this industry that allows it to multiply in size around the world by more than 14 times in only 9 years?
The changing business and technological landscapes are making disaster recovery planning more important than ever before. However, many people are still wondering, “What is DRP?”, and why is it important?
Proper disaster recovery planning provides a long list of benefits that make it a worthwhile investment for almost any company. As the years go by, it may be increasingly necessary for companies to invest in this kind of protection. Read on to learn all about disaster recovery planning and the benefits that it can provide!
What Is DRP?
Disaster Recovery Planning is also known as DRP, DR, and even ITDR. As its name suggests, disaster recovery planning is all about having a plan and the technological resources ready for what to do to recover after a disaster or disruption to your business. This is especially true of a technological-based disruption.
However, in this context, we are not speaking of all types of company disasters. The relevant kinds of disasters are those that involve losing important data and similar technical disasters.
People use disaster recovery planning to prepare for a wide variety of possible causes of disasters. Some people are mostly thinking about the possibility of ransomware and other forms of cybercriminal activity. Other people are concerned about human error and the potential for essential data loss.
As technology advances, more and more of our systems depend on keeping, storing and updating of important data. Most companies are now incapable of functioning at all if they lose the information in their data systems.
Hospitals and other institutions are also being targeted for cybercriminal activity. Regardless of the cause or target, a disaster recovery plan will help protect you. With the right kind of protection, you can keep your company safe regardless of the innovations of bad actors.
Fight Cyber Criminals With a Disaster Recovery Plan
The numbers show that cybercriminal activity is rising fast. From a historical perspective, this seems almost inevitable.
Technology is becoming more and more advanced. More people are learning how to use technology in basic and advanced ways. In some ways, we are entering a new world where no one knows exactly what the rules are.
That means that some bad actors will take advantage of the newness of the space to find ways to exploit people. There are further indicators that cybercrime will be more common in the future.
For example, most cyber criminals had to be technical experts of some kind in the past. However, some of these technically sophisticated criminals are designing systems that allow other people to also distribute malware.
The time may soon come when anyone can engage in cyber criminal activities regardless of their level of technical knowledge. All of this means that there will be more and more people who want to target companies to threaten them with the loss of their essential data.
However, all of this depends on companies being dependent on the data that cybercriminals steal. There are a variety of ways to protect yourself against this kind of eventuality.
Disaster recovery planning is all about making it so that your company is safe and capable of functioning regardless of the actions of bad actors. For example, your disaster recovery plan might include backing up your essential data at secure locations. That way, even if criminals erase your data from your main system, you will be able to recover it whenever you want.
Recover Losses Quickly With Disaster Recovery Planning
When a disaster happens, the question is more about how much a company loses rather than whether or not it will lose something. However, the right disaster recovery plan can help you recover from a problem as fast as possible.
For example, if your whole system shuts down, a quality disaster recovery plan will know which processes should receive attention first. Then, the plan will dictate how the most essential aspects of your business can be managed even while you work out your technical problems.
All of this preparation also means that companies can work through their technical problems with as little delay as possible. That means that you can recover from your little technical disaster and get back to booming business.
Many people underestimate the value of lost time and functionality. It is a lot easier to feel bad about losing a specific number of dollars out of a bank account than to feel bad about something more nebulous like lost productivity.
However, lost productivity can sink a business going through a difficult time. Businesses that want to grow need to maintain access to system data as well as all of the technical tools that we rely on today. With a disaster recovery plan, your company will be ready to snap back whenever anything impedes it.
Avoid Interrupting Crucial Processes With DRP Solutions
Some company processes are more vital than others. For example, a manufacturing plant might lose millions of dollars of products if the manufacturing process loses electricity for a few hours.
Different industries have different sensitive processes. Regardless of what the sensitive processes at your company are, disaster recovery planning can help you protect them.
In the ideal case, you will not lose functionality for your most crucial processes even for a moment.
Your plan may need to account for many different possible disasters. But with care, you can help keep vital company processes functioning. Then, the rest of the company can focus on getting back on track.
All of this means that you will lose as little as possible while waiting for your disaster recovery plan to resolve whatever your problem is.
Signal Responsibility With a Disaster Recovery IT Plan
People use a wide variety of indicators to assess companies. Although this is not an exact science, people use these kinds of indicators to decide what kind of reputation each company in an industry has.
Many new companies fail to take precautions to protect themselves. In contrast, companies that have been around for much longer have a greater tendency to invest in the long term.
It shows that a company is aware of changing trends in the business and technological landscapes. It also signals that a business is taking care of its assets and those that are entrusted to it.
Discover Weak Points in Your Systems
As you make a disaster recovery plan, you will have to examine each part of your business. That is because each part of the business is a potential vulnerability for bad actors to target. This means that there is a good chance that you will come across unknown problems as you develop a disaster recovery plan.
Resolving some of these problems will be part of making your disaster recovery plan. In other cases, you will discover unrelated problems that you will solve with other company activities. Either way, this kind of review of company operations and vulnerabilities can help you identify hidden problems.
Be Prepared to Recover All Lost Data
When a company is a target of ransomware, it is told to pay a ransom or else lose its essential data. Having backups of your data can protect you from this threat.
However, there are all kinds of ways that data can be lost. Setting up a disaster recovery plan will protect you from all of these possibilities at the same time.
For example, some companies lose important data because of the mistakes of company employees. This also means that employees need to be extremely careful about taking initiative with systems that they do not understand. After all, if they make a mistake, the results could be dire.
In other cases, companies lose data due to technical problems. An unfortunate power outage or system shortage could cause catastrophic consequences.
However, part of your disaster recovery plan will involve making backups of your data. That means you will always have access to it no matter what mistakes happen or whether you are targeted by bad actors.
Learn About the Latest Data Security Practices
Certain kinds of technology create certain vulnerabilities. Other kinds of technology help address such vulnerabilities. However, the common vulnerabilities in our data systems change from year to year as technology progresses.
Many people have a passing understanding of many of the weak points in past versions of our technological systems. However, as technology changes, the cutting edge of cybercriminal activity also changes.
You can also ask such services about what kinds of vulnerabilities are becoming more common. You may even be able to get some sense of some of the incoming future vulnerabilities.
Preserve Your Company’s Reputation
When a company goes through a difficult time due to a technical disaster, it does not reflect well on the company. As a result, there are reputational concerns as well as pragmatic ones when you are dealing with a technical disaster of some kind.
That also means that a disaster recovery plan can help protect your reputation. How much this matters varies from industry to industry and from company to company. However, if the reputation of your company has a lot to do with its success, then you might want to invest in these kinds of protections.
Intimidate Potential Criminals
The more famous a company is, the more cyber criminals might tend to target them. On the other hand, what if a company has a reputation for taking precautions to take care of company assets? Then criminals may feel that there is little point in targeting a defended target.
An important principle to keep in mind here is that you do not necessarily need to be immune to all possible criminal attacks. The point is not to set up so many defenses that you are invulnerable. Rather, the point is to set up protections such that criminals will feel that their time will be better spent elsewhere.
What would happen if every company invested in disaster recovery plans? Criminals might begin to discover that their activities no longer lead to profit. If companies and individuals learn to protect themselves from cyber crime, then cyber criminals will no longer have any incentive to pursue their criminal activities.
Understand What Is DRP (Disaster Recovery Planning) And Why It’s Important
If you have ever wondered, “What is DRP?”, then we hope that you now have the answer to your question. As we learn more and more about technology, it is becoming more important for companies to protect themselves from the disastrous results of bad actors and buggy systems. Putting together a disaster recovery plan is an essential part of making sure that your company stays safe in the future.