The Truth about Data Loss, Disaster Recovery, and Business Continuity

What is the real impact of losing access to your business data and technology systems? How common is it? What are your odds of recovery after a substantial disaster - including a major event impacting your IT center?

The statistics for SMBs are pretty grim.

Here are the facts.

What Is the Leading Cause of Data Loss?

• 67% of data loss is caused by hard drive crashes or system failure. Human error and software failure make up the next 24%. (Source: Consoltech)
• Did you know? In the last five years, about 30% of businesses have lost data due to an outage.?
• About 1 out of 100 hard drives will fail in any given year. For companies that have on-premise servers that aren’t routinely replaced/upgraded, the risks are much greater.?

What Is the Consequence of Complete Loss of Access to Data??

More than 90% of companies that lose their data center for 10 days or more due to a disaster file for bankruptcy within one year of the disaster.

What about Data Loss from a Breach or Employee Error?

According to PWC, 7 out of 10 small companies that experience a major data loss go out of business within a year. Less than 60% ever reopen.?

ERP Data Is Especially Important to Protect

For most of our clients at Synergy, an ERP is the technology hub of their business operations. If they lose access to this core data, the results can be catastrophic.?

How Can You Protect Business Continuity?

Making a disaster recovery plan is a good first step.?

• This plan should take a wide variety of threats and scenarios into account.?
• It should be reasonably testable and include a schedule to conduct regular testing to evaluate effectiveness.?
• Assign the roles and responsibilities to your internal disaster team and any third party vendors or support providers.?
• Make sure the disaster plan, action steps, and up-to-date contact information for the response team are stored somewhere they can be accessed even if the servers go down.
• Revisit your data loss prevention and recovery plan regularly to include new threats and new ways to protect against them.

Want to learn about safeguarding your critical data and systems??

Register for our free webinar for VISUAL users here.

Disaster Recovery Should Be Redundant and Include the Cloud

Data should never reside solely on-premise.?

It’s too vulnerable to outages, natural disasters, fire, and other threats. Tape backups have been popular for a long time for organizations that still rely mainly on their on-premise servers or data center. However, according to Gartner, 50% of tape backups fail to restore. That’s not good enough for your business.

Adding a redundant backup in the cloud is a smart move. It’s one we help our clients make.?

Does this mean you MUST migrate your ERP to the cloud??

No, our Synergy Cloud Backup and Recovery Services is designed for our VISUAL Infor customers with on-premise installation.?

This solution helps our clients secure and protect their data in the event of:

• Cyberthreats
• Natural disasters
• Server hardware failures
• Bad actors (hackers, ransomware, and more)

Click the image for more information on this critical solution to protect your ERP and all your vital business data and software.?

Talk to an Expert on Cloud Backup for Your ERP?

Reach out to Matthew Morgan or Jason Whitman on our VISUAL team here at Synergy for a conversation.