Companies underfund their disaster recovery (DR) plans, not realizing how crucial they are for the survival and protection of the business. Several hours of downtime can cost thousands, even millions of dollars.

Another mistake is to mimic the DR strategies and budgets of other companies.

IT infrastructure such as hardware, networks, applications, and data are assets that businesses depend on. As such, creating a disaster recovery plan (DRP) should be a priority of every business. It ensures that these assets can be protected, saved, or recovered when a disaster such as an outage, cyberattack, hardware failure, or natural disaster hits.

Protecting your information technology infrastructure is vital. Your organization can’t afford to be unprepared in the event of disasters such as regional power outages, cyberattacks, or hardware failures. Every minute of downtime can cost thousands of dollars.

Every company should have a disaster recovery plan in place that allows business to resume within a specified amount of time. Additionally, the plan should be audited and updated regularly, considering any system upgrades and other factors that may affect its implementation.