When it comes to the livelihood of your business, you probably have some measures in place to make sure your business can withstand a disaster. That’s where business continuity and disaster recovery plans come into play. These plans are critical to the survival of your business, which is why they’re so important to have.
However, there are still businesses who don’t have any precautions in place. According to a survey by Mercer, 51% of businesses don’t have any kind of business continuity plan in place. The same can be said for disaster recovery. As a business owner, you need both a business continuity and disaster recovery plan, but what’s the difference between the two? In this blog, we will explain each type of plan and how they differ.
The Differences Between Them
#1 – When the Plan Takes Place
The first key difference between business continuity and disaster recovery is when each of them can be enacted. When it comes to business continuity, the plan is focused on both preventive and recovery steps and can take place before or during a disaster. Disaster recovery is more specific. This plan takes place after a disaster occurs. Business continuity is the bigger picture of making sure your business continues to run, and disaster recovery is one of the pieces of that big picture.
#2 – What Each Plan Involves
Different from business continuity plans, disaster recovery plans involve a variety of strategies from safety procedures to data backup procedures. For disaster recovery, there are a few elements that go into the plan. Some of the elements include:
- Creating a disaster recovery team
- Assessing all the risks
- Determining your critical business procedures
- Creating your backup and offsite procedures
A business continuity plan is a bit broader, since it covers everything about your business. Some common elements of a business continuity plan include:
- An analysis of all your critical business functions
- Identifying potential threats
- Developing strategies to avoid risks
- Contact information for key and emergency personnel
#3 – They Have Different Goals
The goals between the two plans are a bit different. For business continuity, the primary goal is to make sure that your business can run during a disaster. Some other objectives are to reduce the financial loss and make sure critical services are uninterrupted. As for disaster recovery, the primary goal of the plan is to minimize the amount of downtime and data loss you experience. Establishing alternate ways to operate your business and complying with regulations are other objectives of a disaster recovery plan.
How Do Business Continuity and Disaster Recovery Work Together?
They both help businesses prepare for the worst. Together, their purpose is to make sure your business can bounce back from disruptions and continue to be successful. When you don’t have a business continuity and disaster recovery plan, you leave your business vulnerable to disasters – and several other issues that eat into your organization’s productivity. Consider this: the Federal Emergency Management Agency found that 40% of businesses never reopen after a disaster. So it’s important that you account for how you will recover when an issue does arise.
We know everything from disaster recovery to business continuity can be overwhelming. Instead of stressing over these plans, leave it to the IT experts. Here at Syn Ack Fin, our experts are ready to tackle your IT concerns so you can focus on what matters – your business.
Check out our past blogs and contact a member of our team to learn more about disaster recovery and other great cyber tips.