Many firms have not put in place disaster recovery plans to secure their data, according to one expert.
Speaking to NineMSN, Regus regional vice-president of Australia, New Zealand and Southeast Asia William Willems explained how natural disasters can result in huge financial costs for businesses which are ill-prepared for getting back online.
However, even smaller incidents such as power outages, vandalism and theft can have an impact on the bottom line, which for smaller companies can be the difference between success and failure.
Mr Willems explained that a robust plan is crucial, ensuring that as little time as possible is wasted.
"If you don't have a plan, you're going to lose many, many hours, if not many, many days. That will be very, very expensive for the company."
Claire Galbois-Alcaix, senior marketing manager at Mozy, recently claimed that use of virtualized networks can help companies access their data quickly following a disaster, significantly reducing downtime.
Posted by Richard Jones