Planning for business continuity
Planning for business continuity is a strategy that forward-thinking businesses incorporate, but what is business continuity and why is it important? It’s crucial to keep the heart of your business pumping, even during a crisis, to maintain profitability and ensure that your business thrives. We have broken down business continuity planning into two parts, firstly we provide you with challenges that your business is already facing or can face in the future, explaining why you need to have a continuity plan in place. The second part provides facts and statistics about how power problems can affect your business based on statistics from 2023.
Business Power Challenges
How a sudden and unexpected power outage will impact your business:
- A loss of power for hours, minutes, or even a few seconds could cause havoc for your IT servers, computer networks, telephone and security systems, manufacturing processes or other ancillary services.
- A total power outage is not the only way your business can be harmed; a power surge (a spike) or a power dip (a brownout) can have the same devastating effect on IT systems and other sophisticated electronics, causing an expensive amount of damage or data loss.
- The biggest cost is the impact this may have on your customers. Without telephones, computers, and the customer and product data they hold, your customer service levels will nose-dive.
- This commercial impact could be enormous, and you will struggle to retain that customer relationship if standby power is not put in place for protection.
- To avoid such a catastrophic event, it is essential to have standby power solutions like Uninterruptible Power Supply (UPS) systems and generators to ensure that your business operations are not disrupted during a power outage.
- Implementing a business continuity plan that includes standby power solutions can help you maximise profits, maintain your reputation, and protect the integrity of the data held on your systems, including GDPR breaches.
Talk With Our Experts Today
Do you require a continuity plan in place but unsure on the steps to take? Planning for business continuity can seem daunting at times, contact us today. Our expert team will simplify the process and answer any questions you may have. Implementing a backup power solution has never been easier, talk with us today.
Continuity Planning
Here are the factual points related to computer disasters and their impact on businesses:
- 90% of companies that experience a computer ‘disaster’ and have no survival plan go out of business within 18 months.
- 28% of all computer system breakdowns are caused by power failures.
- Insurance cannot provide relief from the loss of goodwill, market share, and damage to a company’s reputation following a computer ‘disaster,’ but preventative measures and future solutions can.
- More than 33% of organisations that experience a computer ‘disaster’ lose between £7,500 and £250,000. 20% lose between £250,000 and £750,000, and 15% of companies lose over £750,000.
- On average, organisations suffer six computer failures a year, leaving employees stranded for at least four hours on one occasion.
- Over 33% of companies that suffer a computer ‘disaster’ take more than a day to recover from the disruption, and 10% take more than a week.
- Insurance claims are not typically settled until long after the ‘disaster’ has occurred, causing long recovery cycles.
- Re-inputting of lost data can take days, weeks, or even months, and sometimes data is lost forever.
- It can take up to 48 hours to reconfigure a multi-terminal or network system following a power failure.