While every company hopes that their day-to-day activities will run smoothly without disruption, no business is immune from the unexpected. In fact, business disruptions happen frequently, and it’s the organization’s role to ensure that the business is prepared well in advance to mitigate the impacts of these events. A disruption that impacts daily business operations can not only cause short-term revenue loss, but can also damage a company’s reputation and alter the trajectory of future growth.
Therefore, it’s critical that businesses should do whatever they can to apply all avenues of action for mitigation, including implementation of both disaster recovery and business continuity plans.
Often, these two concepts are used interchangeably and share some similar attributes, they are not synonymous. This post will address the similarities and differences between the two, and why you should have a plan to effectively implement both.
Before we get to the differences between disaster recovery and business continuity, what do they have in common? Primarily, both address disruptions of sufficient scale to interrupt or halt business operations. They also share common requirements to be effective, such as:
Despite their similarities, business continuity and disaster recovery have several distinct differences. As the name implies, disaster recovery focuses on recovering critical systems and technology following a natural or human-induced disaster, while business continuity focuses on keeping the business operational. Here are some other ways the two strategies differ:
Data is the lifeblood of organizations today, and its loss or compromise would significantly affect their ability to do business. An IBM Redbooks Business Continuity Planning Guide points out that the typical yearly growth of new data in an enterprise is in the range of 40% to 70%. More data to manage means more data to recover, and more risk to assume.
That’s why having a way to backup- and quickly restore your data- is a critical part of any business continuity plan.
With OwnBackup, we store your backups outside of SaaS providers, meaning your data will still be accessible in the event of an outage, allowing you to maintain continuity. We also have automated backups and granular restore capabilities to help you minimize your Recovery Point Objective (RPO) and Recovery Time Objective (RTO).
To learn more and take a proactive step forward with your business continuity plans, check out our ebook, “How to Improve Business Continuity”.