When it comes to business continuity, there are several factors to consider. However, before you begin developing, testing, and deploying a business continuity solution, you must first determine which solution is most appropriate for your firm.
This may be divided into two categories: on-premises and cloud-based. While traditional business continuity solutions have their place, cloud-based solutions are dominating the market, and with good reason, given the importance of cloud computing in today’s IT ecosystem.
Read on as we dive into the essential benefits of cloud-based business continuity.
Advantages of cloud-based business continuity:
1. Seamless backup and disaster recovery
A successful business continuity plan starts with backing up data, which is made simpler and more dependable with cloud technology and its 99% reliability. The data backup process can also be automated and done either in real-time or at scheduled intervals, significantly reducing the margin of error. This means that the odds of backup failure and potential data loss are slim to none. Some of the key questions to answer when evaluating cloud backup and recovery solutions include:
– What data and systems need a backup?
– How often should complete backups be performed?
– How long should backups be kept depending on regulatory or compliance requirements?
Given the convenience offered by the cloud when replicating data across different and multiple locations, it is generally straightforward to retrieve that data and restore operations in case of artificial or natural disasters.
2. Cost-effectiveness
Cost-effectiveness is another significant benefit of cloud-based business continuity solutions compared to conventional methods. Apart from the pay-as-you-go consumption model, your company can also subscribe to access only the services they need. When operational needs grow, you can easily modify their subscription plan to include extra services.
Using a cloud solution also helps reduce costs that typically come with the on-premise alternative, including hardware and maintenance, server support, and even security measures. By going with the cloud, businesses can avoid significant initial investments and lower their monthly expenditures.
3. Flexibility and scalability
Unlike traditional solutions, cloud-based backups can be accessed anywhere, helping businesses normalise their functions in case of an outage since staff can still remotely access the data they need. In addition, it gives companies the means to choose the data and applications to put in the cloud. Some may prefer to store only their most critical assets on cloud servers while the rest remain on-premises.
Conclusion
Business continuity planning is a critical strategic initiative that leaders must address from the early stages of an organisation’s commercial journey. With cloud-based backup solutions, businesses now have a feasible and cost-effective alternative that serves as the foundation of their continuity plans.
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