Business Continuity Planning Bcp

Business Continuity Planning Bcp-9
Consultants can provide flexible business continuity and disaster recovery consulting to address a company’s needs – including assessments, planning and design, implementation, testing and full business continuity management.There are proactive services, such as IBM IT Infrastructure Recovery Services to help businesses identify risks and ensure they are prepared to detect, react and recover from a disruption.Financial organizations, such as banks and insurance companies, invested in alternative sites.

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Research studies have shown that without proper planning, businesses that somehow recovered from an immediate disaster event frequently didn’t survive in the medium term. It’s important to have a business continuity plan in place to identify and address resiliency synchronization between business processes, applications and IT infrastructure.

According to IDC, on average, an infrastructure failure can cost USD $100,000 an hour and a critical application failure can cost USD $500,000 to USD $1 million per hour.

Companies realized that without a thorough business continuity plan they might lose customers and their competitive advantage.

At the same time, business continuity planning was becoming more complex because it had to consider application architectures such as distributed applications, distributed processing, distributed data and hybrid computing environments.

Recovery efforts were almost always triggered by a fire, flood, storm or other physical devastation.

The 1980s saw the growth of commercial recovery sites offering computer services on a shared basis, but the emphasis was still only on IT recovery.

With the growth of cyber attacks, companies are moving from a traditional/manual recovery approach to an automated and software-defined resiliency approach.

The IBM Cyber Resilience Services approach uses advanced technologies and best practices to help assess risks, prioritize and protect business-critical applications and data.

The 1990s brought a sharp increase in corporate globalization and the pervasiveness of data access.

Businesses thought beyond disaster recovery and more holistically about the entire business continuity process.

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