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Data Loss Risk Reduction - Counting The Cost

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Data loss emergencies can hit any business without any prior indication of a potential problem. Sometimes data loss issues can be nothing more than a business hiccup and not to much data is lost, or the lost data can quickly be reworked to get the situation back to normal. Conversely though large data loss scenarios can have an devastating effect on a business and the more employees they have or the more reliant they are on their IT infrastructure, then the bigger the problem.

A typical example of a large data problem would be perhaps a failed disk or raid array on a Microsoft exchange server. E-mail is becoming the life blood of many organisations and without it effective client and supplier communications can quite literally cease.

The effect of a data loss will affect companies in different degrees so a larger corporation may suffer from a great cost due to the loss but a smaller company may struggle to survive the effects or may simply not have the cash flow in place to cope with a potentially very expensive recovery.

If the business has had the forethought to put a disaster recovery plan in place then this can be quickly be implemented to get your business into action but if you do not have one, or have completed you business continuity plan but have simply not implemented yet then the effect of the data loss can be quite far reaching.

So what is the cost of a data loss disaster? This is a question often asked by smaller business as they need to establish a sensible return on investment in order to justify the cost of setting up a plan. Unfortunately the return of investment is a negative one in most cases, that is unless there is a data emergency, then there will be no return on investment. There will on the other side of the coin though be a large risk reduction. A good measure that could be used for a sales organisation though could be loss of potential sales.

This can give very clear indicators as to potential revenue loss versus business down time and business continuity investment. For many organisations the loss of a days sales could have a very impact on cash flow and for larger companies potential loss could have an even greater effect.

Obviously this would scale up or down depending on the business affected. Other costs that can be factored in could also include the actual cost of recovery, legislative fines due to failure to hold critical business data and of course future sales if essential client records have been lost.

As well as measurable costs a company also need to factor intangibles into any return on investment or risk reduction calculation. Typical factors here could include activities such as re-population of customer CRM systems, additional management costs and business costs of running temporary as opposed to automated IT systems etc.

Another critical factor that should never be overlooked in the event of a data emergency is the restoration of the data. In many cases data can be irrevocably lost due to bungled attempts at recovery by inexperienced IT technicians.

Also if you are employing the services of a raid data recovery company you need to check their potential methodology and ensure they will not work on the actual donor disks as it is crucial to keep the main data source intact at all times.

Specialist disaster recovery and raid recovery experts will use state of the art equipment is to recover lost data from raid servers, laptops and other storage media or network attached storage devices, and to make sure you data is safe just in case a data loss strikes again they should also supply remote server backup solutions for small and corporate businesses to ensure business continuity.

For raid recover help visit the data recovery Manchester website.

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The Global Outsourcing Market

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A joint study carried out by Cyber Media’s Global Services magazine and investment advisory firm Tholons has drawn up a list of ‘Top 50 Emerging Outsourcing Cities’ and India is represented with six cities including Coimbatore (21st) while China has five cities.The Philippines city of Cebu (4th), Vietnamese city of Ho Chi Minh (6th), Colombo (7th), Shanghai (8th) and Beijing (10th) have also found a place in the top-10 chart. Go to database outsourcing for more information.

Global Outsourcing Market - The global “addressable” Business Procurement Outsourcing or BPO market is worth US$122 - US$154 billion, of which: 35-40 retail banking, 25-35 insurance, 10-12 travel/hospitality, 10-12 auto, 8-10 telecoms, 8 pharmacy, 10-15 others and 20-25 is finance, accounting and HR, according to McKinsey.

Outsourcing has different dimensions. On one hand, it could mean obtaining talent, skills or information not present within the company. It could also be defined as reallocating the management and operation of a business activity to a different service provider. Some also define outsourcing as subcontracting non-revenue operations to consultants and professionals. Note that all the descriptions seem to involve a movement of services from one group to another, which is what outsourcing basically is.

There are different kinds of assistance and tasks that can be outsourced. Some of the more popular ones are Information Technology (IT) Outsourcing and Human Resource (HR) Outsourcing. Another kind would be Application Outsourcing. Each of these provides a number of advantages to the client organization; however, there can also be certain drawbacks.

Application Outsourcing
Application Management involves the support, preservation and development of existing services. When a company has activities that provide no revenue, or has problems with regards to productivity or the quality, predictability and responsiveness of a service, enterprises turn to Application Outsourcing. Application Outsourcing is actually one of the first types of outsourcing.

A number of issues may arise from this, though. An example will be who handles the documentation, the service provider or the client? What about the operation procedures? How should they be addressed? How should a company’s processes be dealt with? Who will get the rights to the warranties?

Information Technology Outsourcing
Information Technology deals with the utilization of electronic devices for the processing of data. Its scope now involves, though it should already have been obvious, technology, and computing. Those involved in IT may have skills in data manipulation, networking, as well as in software designing. Refer to database outsourcing for more information.

Database and administration of systems are often included too. Information Technology Outsourcing is employed when a company has a lack in the ability to do IT functions. Also, IT is quite costly. Today, data is becoming more and more intricate and elaborate that handling it has become quite expensive. This is where outsourcing comes in. Outsourcing seems to be the solution for cheaper, yet quality service.

The issues for this kind of service have a wide scope. It could involve setbacks in software, equipment, and even people. A problem would certainly arise from lack in benchmarking, as well as when expected costs are not clearly defined, initially.

Human Resource Outsourcing
Human resources used to be exclusively synonymous to the word - which is one of the four factors of production. The term has now evolved to mean something quite different to businesses and corporations. It now refers to the group of people or department who sees to the screening, hiring, training, firing personnel. In Human Resource Outsourcing, the agency examines, employs and then prepares workers for another enterprise.

Disadvantages of Outsourcing -
A major drawback involved in Outsourcing is the risks. Outsourcing of an Information System, for example, may pose some security as well as copyright risks, both from a communication and from a privacy perspective, and from a knowledge perspective, a changing attitude in employees, underestimation of running costs and the major risk of losing independence, outsourcing leads to a different relationship between an organization and its contractor.

Outsourcing seems to be a very good and advantageous move for businesses, however, unless reviewed thoroughly, and terms set specifically, a number of problems may arise and what is supposed to make things lighter could do a 360 and become a burden. Visit database outsourcing for more information.

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Disaster Recovery - Does Your Business Have A Remote Back Up Solution?

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Starting a new business venture can cause any new business owners all sorts of worries and a particular one of course is the IT infrastructure and the potential threat of data loss caused by a server failure (if they have been advised correctly, or indeed loss of critical data caused by a virus attack despite onerous precautions being taken.

Sadly in reality effective online data backup protocols rarely implemented or any backup procedures for that matter, even at the lowest level of ensuring that important documents are backed up onto a pen drive or USB memory stick or similar portable media device.

Another one of the commonest mistakes in data backup is of course not to test your backed up data to ensure that it is actually retrievable, a mistake many a business has made to the extreme detriment of their profitability..

As well as the potential cost of employing a data recovery company to retrieve data when a backup has been found to fail, there is also the intangible but very real cost of lost business due to critical application downtime for example customer CRM systems.

Also in extreme cases data loss can actually lead to total business failure particularly if legislation required business records to be kept for any length of time, or indeed for manufacturing companies where design data has been amassed over thousand of man hours and many design prototypes

As well as backing up to one of the many external media available offsite storage is also an option, however this form of backup can be quite time consuming as data needs to be both uploaded or downloaded en-masse which is a very time consuming affair.

A robust and emerging effective form of remote data backup is coming to the fore and is being welcomed by increasing numbers of IT professionals which is of course online data backup.

This simply means that once the initial backup has been seeded, a program runs in the background incrementally backing up new data either on the fly or on a scheduled basis.

In summary a cautionary note to all business owners, if your business has no backup solution get one now, and if it has when was the last time you tested it to ensure it worked.

The cost of effective data backup solutions in this day and age is miniscule compared to the cost of a real data loss disaster, which statistics show can have an absolutely devastating effect on business continuity and survivability.

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Has Your Business Planned For A Data Disaster?

Many businesses risk grave losses due to failures and disasters yet continue to depend on un-validated tape backups should they need to recover from a major outage. Implementing a disaster recovery plan can be time consuming and daunting; to the point which many simply put it off.

Through some basic steps, businesses can better protect themselves against catastrophic data loss, these steps include:

• Why do I need a Disaster Recovery (DR) plan?
• Defining and planning
• Implementation
• Testing

Fire, flood, human error, hardware failure and malicious acts can all cause a small business to at best suffer financial losses, at worst and is far too often the case, shut down for good, every business is susceptible to some king of outage, the need to plan for a disaster is real and needs to be carried out.

The first thing you need to do is understand what is important to your business. Identify those systems that are critical to the running of your business, be it an email server, bespoke financial package or other data, building a continuity plan will help you recover these systems in the most cost effective, efficient way possible.

Your plan should enable you to bring your business back online as rapidly as possible. Down time is very costly and without putting to fine a point on it the more employees you have the worse a few hours of loss production will be when you take into account the economies of scale.

Have your data backed up securely offsite, even in the event of a total loss of premises your data can be available in a different location with minimal fuss. Traditional tape backups although adequate if set up correctly can and do fail recovery is a lengthy process even for a single file. Other technologies such as data replication and remote offsite backup are more efficient, simpler and more reliable.

Every company will have different requirements so it is always worthwhile to have internal discussions to ascertain each departments principal requirements. Once this is done requirements can be broken down into manageable portions and sections to ensure nothing critical is missed from the plan or overlooked during your internal assessments.

And last but not least test test test! Sadly numerous stories abound of companies that have set up a DR plan of sorts then simply assumed it would work. You need to ensure your plan is robust and tested on a regular basis to ensure key personnel are practiced in its implementation.

Disaster Recovery planning and remote data backup protocols should be in place for every business that has critical business data and systems. Don’t wait until it is to late and disaster has already struck.

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Data Disaster Recovery Key Ingredient

It is not rocket science, we all know that we should have a disaster recovery plan in place for our business regardless of its size. When disaster strikes, it seldom discriminates on the size of the company. Every business is vulnerable. Whether the disaster is a hurricane, tornado or the latest virus or worm unleashing fury on your computers and databases, every business faces risks.

A small business is seldom immune, and in many cases a small business is the most vulnerable of all businesses because they simply aren’t prepared for disasters. Large corporations allocate resources (staff and budgets) and are as a whole more prepared to face the unexpected. Most of the fortune 500 companies have disaster recovery plans in place to insure the continuity of their businesses.

So, what’s the key ingredient necessary to recovery from a disaster with the least amount of damage to the business? It’s really very simple. The key ingredient is a having a plan before the disaster strikes. It is virtually impossible, to be organized and strategically think through and implement a disaster recovery plan while in the throws of a disaster.

However, when all conceivable disasters have been imagined and contingency plans are calmly and methodically implemented in advance, a company has a tremendous advantage. Contingencies are now in place to fall back on when and if a disastrous event occurs. You are beginning to get the picture. Protecting the company assets and sustaining the least amount of damage, is simply a matter of planning and making that plan known to all corners of the… [read more: Data Disaster Recovery]

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Business Continuity Planning

Hackers, hurricanes, fires, flooding, power outages, denial of service attacks, application failures, employee error, sabotage and now terrorism are helping companies to focus on the necessity of a business continuity plan.

Through the late 1990s as companies prepared for Y2K, many IT executives, risk managers, CFOs and corporate managers realized that recovering computing systems, networks and data was not enough. As Y2K approached, it became more apparent that a disciplined approach was needed to recover not only data and systems, but also business processes, facilities and manpower to restore and maintain critical functions… [Business Continuity Planning]

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Business Data Disaster

Your Work place is no longer available, disaster has struck, and time is money! How many times have you heard these statements?

It is a nightmare for CIOs and IT directors to have to explain downtime to their CEO and CFO.

For many CEOs and CFOs, what was important yesterday is no longer valid today. Too much concentration and spending has been invested into the infrastructure of networking which opposes the reality of today, that is more concentrated upon business availability and continuity.

What would happen if your company had a small disaster that equals to big trouble? If something happens to the workplace, then how much will it cost to recover lost data? What contingency plan does your company have? And finally, how much will all of the above costs? This is not an example of psychic divination, it is a mere fact and we all experimented that after September 11th 2001.

There are different variations to business continuity, which will all depend on to which extent is acceptable for a company to have a downtime. Is it two days, one hour or perhaps not even a mere 5 minutes? Does the company need business continuity to the extent of an off-site disaster recovery?

Business continuity can be differentiated in two levels. [read more … Business Data Disaster]

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Data Disaster Recovery

Like all plans, there is an ultimate goal to achieve. The goal in a business continuity plan is simply that: to continue your business in the face of a disaster or a disruption. A business continuity plan is not just for a disaster. It’s also for the smaller things in life, like your friendly neighborhood burglar who decides to borrow all of your computers or the small power interruption, which causes loss of data and downtime or the fire five floors below you, which causes a 5 hour building shutdown. These are a few of the many things, which do occur every day and do happen to companies like yours.

Disaster recovery has traditionally been associated with computing systems and data storage and recovery of [Data Disaster Recovery]

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