How can good business continuity and disaster recovery planning save $900+ per hour?
Some businesses think that good business continuity costs a lot…they put into place marginal plans and weak backup systems in the hope that they will never have to use them. This greatly increases their business risk…because eventually EVERY business has a disaster, even if it is as simple as a user accidentally deleting data, or a ransomware infection which encrypts all data making it inaccessible. A simple example:
A manufacturer with 2 senior executives, 3 line managers, and 75 users only 30 of whom are serious information users. For costs, lets consider ONLY payroll which is wasted while a primary server is unavailable due to a ransomware attack which has destroyed most business data.
2 execs x $100K/year = $200K
3 managers x $60K/year = $180K
30 users x $50K/year = $1,500,000
Total annual payroll = $1,880,000/year for these users
Assume 2080 work hours per year available (40 hour work weeks)
Payroll expense per hour down $1,880,000 payroll / 2080 work hours=
$904 per work hour down
That’s expensive! Do you know your downtime costs?
It gets worse!
Loss of reputation with customers
Loss of reputation with partners
Delayed delivery of your services
Delayed cash flow
How long would it take your company to be back up and running?
If you want to be back up in minutes, and not hours or days, call Dolce Vita IT Solutions at 405-822-7912 today to learn about our proven track record in business continuity!