Destructive storm season is in full swing. The East Coast is still trying to dig their way out the snow, with roads closed and power outages all over. So what are businesses doing to stay operational? What would you do?
I’m sure our November wind storm here in Washington is still fresh on local minds, after leaving hundreds of thousands of us without power. We had multiple clients in areas that lost power for days, wreaking havoc on their operations. Everyone is long back up and running, but hearing about Jonas brought disaster recovery back to mind.
What can we do to be ready?
1. What’s the worst that could happen?
What people, hardware, software, functions and processes are absolutely necessary to keep the ship sailing?
2. What are your most likely risks and disasters?
Having an overall plan is good, but there may be local threats with specific preparations and remedies in their aftermath to keep you operational. Here in the Puget Sound we will be preparing for wind, flooding and earthquakes depending on our location.
Up to 40% of businesses affected by a natural or human-caused disaster never reopen. – Insurance Information Institute.
3. Keep key information off-site
Vital info such as employee contact info, critical vendors and clients, inventory, fixed assets, insurance policies and banking information.
4. Review your insurance coverage
Always discuss changes to your business with your insurance agent to ensure proper coverage for all scenarios.
90% of businesses who experience 1 week of downtime go out of business within 6 months. – National archive & Records Administration
5. Make a plan
Know when back-ups are being made, by whom and where they will be stored. Map out critical functions and develop a plan to make that tool available in an emergency.
20% of small to medium size businesses will experience data loss within 5 years. 70% of business people already have. – National archive & Records Administration
Most common supply chain disruptions 51% adverse weather 41% IT or telecom outage 21% Transport network disruption 21% Earthquake or tsunami 13% Loss of talent/skills
Common Causes of Data Disasters
43% – Hardware Failure – Aging, overworked servers
22% – Human error
18% – Software Failure
12% – Security Breach/Theft
5% – Natural Disaster – Water damage