More needs to be done by companies to make sure they are properly prepared to carry out disaster recovery if required.
Some firms fail to put in place an effective business continuity plan that is regularly revised and updated – and this ultimately leads to their demise, an expert has warned.
Alex Rabbetts, Migration Solutions’ Managing Director, explained that data security is becoming increasingly important as digital records are the “crown jewels” of many organizations.
“For almost any business, no matter what it is, the data is fast becoming the one thing that without which, it will not survive,” he added, claiming it is “at the core of the business”.
Mr Rabbetts explained that more in-depth requirements mean that data needs to be stored for extended period of time and Government rules mean almost all details needed by authorities must be filed electronically.
He declared most firms struggle if information suddenly becomes unavailable, meaning it is essential to protect it and to implement effective business continuity plans.
Volumes of data that must be stored, protected and managed by companies are growing rapidly and the current period has been dubbed the era of big data as a result.
Commenting on the growing digital records held by organizations, data governance specialist and author, Steve Sarsfield, said recently that the web-connected world we now live in means that the amount of information being generated is soaring.
“If you look at some of the analyst firms that are out there, they’re predicting we’ll have two to threefold growth over the next couple of years of the data levels we have to deal with,” he pointed out.
With firms so reliant on rising volumes of information, safeguarding it is essential. Failure to protect sensitive data could result in fines of up to £500,000 in the UK from the Information Commissioner’s Office.
Find out how you can ensure effective business continuity with the upcoming international standard for Business Continuity Management – BS ISO 22301.