A new survey has found that as many as 74% of organisations across Europe are not confident that they could fully recover in the event of an IT disaster.
54% of the companies asked said that they had suffered such a problem in the last year, and 61% said that the main cause was likely to be hardware failure.
Natural disaster and employee sabotage were not seen to be a big cause of any problems, although 43% said that a lack of employee productivity had the “single biggest economical impact”.
28% said that they expected to lose revenue as a result of a disaster.
The survey also found that 40% of organisations still use tape for recovery and 80% want to change this to implement next generation backup and recovery.
The three most common causes of disaster were said to be hardware failure, power failure and data corruption and following a problem, 44% said that they reviewed and changed procedures for recovery.
27% also said that they increased their budget allocation for backup and recovery after an event.
“The results of the survey show that there is a need to rethink backup and recovery strategies in Europe,” says Kelly Ferguson, Director of EMEA Marketing, EMC Backup Recovery Systems Division.
“We live in an economic time when investments need to be made wisely and there can be no tolerance for interruptions to the business because of an IT systems failure. With a properly thought out next generation backup approach, companies can improve both recovery from day-to-day outages as well as recoveries from something more severe.”
The report found that companies lose two working days on average following a disaster, which is “the equivalent of 28,391 man-hours for a company employing approximately 2000 employees.”
“Backup and recovery is a fundamental part of business and an essential element of information management,” said Neil Fisher, Vice Chairman, the Information Assurance Advisory Council (IAAC).
“The EMC-sponsored survey highlights the high level of incidents where businesses have overlooked the importance of planning for events, even ordinary ones. It really doesn’t matter if the events are routine, acts of god or the result of criminal activity. Companies who plan for events and who invest in secure and speedy recovery will be the market winners.”
Almost half of European companies have to have disaster recovery plans in place as a condition of insurance or regulatory requirements, and it’s thought that businesses who implement a comprehensive recovery plan can make insurance savings.