Natural disasters are one of the risks that businesses typically have to contend with and guard against. For businesses located in the coastal regions of the country, there is the constant threat of hurricanes. The intense winds and severe flooding that occur during a hurricane often cause severe damage to the physical infrastructure of businesses that lay within its path. Businesses with a traditional network infrastructure may also sustain damage to their network which may seriously impair their ability to resume business operations following a hurricane. Research performed by the Federal Emergency Management Agency (FEMA) show that 40% of businesses do not reopen after a disaster, and 29% of those that do recover close after two years.
For businesses to be able to resume normal operations following a disaster, it is essential to have a previously established disaster recovery strategy. One of the essential aspects of an effective disaster recovery strategy is data recovery; this entails how any data that may have been lost as a result of the disaster is recovered. Traditionally, businesses had a secondary in-house data infrastructure used for data backup and recovery; however, this was expensive to maintain and had limited scalability. As such, the current recommendation is for businesses to use Disaster Recovery as a Service (DRaaS) as part of their disaster recovery strategy.
What is Disaster Recovery-as-a-Service
Disaster Recovery as a service is a cloud-based service provided by third-party vendors. With Disaster Recovery as a Service, the third party vendors have the responsibility of backing up data and applications essential to a business’ operations in the cloud. Typically, a Service Level Agreement (SLA) is drawn up between the business and the third-party vendor detailing the nature and extent of cloud backup to be provided. With Disaster Recovery as a Service, any data that is lost following a natural disaster such as a hurricane can be recovered; this allows businesses to quickly resume business operations as well as minimizes downtime. The market share for Disaster Recovery as a Service is projected to increase over the coming years as it becomes more widely adopted; the market share is projected to increase from $2.19 billion in 2017 to $12.54 billion by 2022, a Compound Annual Growth Rate of 41.8%.
Benefits of Disaster Recovery-as-a-Service
The use of Disaster Recovery as a Service for data backup and recovery in contrast to a traditional physical data backup infrastructure by businesses has several benefits some of which include:
- Cost: Using Disaster Recovery as a Service is considerably cheaper than in-house data backup solutions. Some of the costs incurred through the use of in-house solutions are maintenance costs and skilled IT personnel costs. With Disaster Recovery as a Service, these costs are assumed by the third party vendor; the only cost to the businesses are the agreed upon fees as detailed in the SLA.
- Scalability: With cloud-based disaster recovery solutions, there is no limit to the amount of data that can be backed up to guard against data loss following a disaster; the third-party vendor has the ability to provide as much data storage as is needed to meet the needs of the businesses’. This is in contrast to physical in-house data storage infrastructures which have limitations as to the amount of storage space available.
- Expertise: Skilled IT personnel are usually required to set up and maintain data infrastructures. Following a disaster, this IT personnel may also be needed to restore any lost data from the backup sites. Using Disaster Recovery as a Service, businesses do not have to concern themselves with hiring personnel with the right IT skillsets; this responsibility falls upon the third-party vendor.
- Recovery time: Recovery time after a disaster is shorter for businesses that use Disaster Recovery as a Service in comparison to in-house data solutions. This is because the cloud data backup can be remotely accessed from disparate locations and not necessarily from the business office. As such, business employees can resume their work from home or other non-work locations while the office buildings undergo the necessary repairs after a disaster.
At DoubleHorn, we are a cloud service broker that engages with major cloud service providers to set up businesses with Disaster Recovery as a Service so that that they can resume normal operations with minimal disruptions after a disaster. We have specialists on hand ready to engage with you about your disaster recovery strategy needs and get you fully set up in no time. Contact us today for more information about our services.