Do Advanced Manufacturers Need a Disaster Recovery Plan?
We’ve discussed this shift on the blog before (see: “Nobody Understands The Cloud”): As an advanced manufacturer invested in technology and metal fabrication, we’ve followed the path of cloud adoption as it has absolutely revolutionized the industry. Just this month, a new report from Transparency Market Research confirmed both the scale of that adoption and the connected growth of another market: Data Protection as a Service (DPaaS).
The report confirms that the DPaaS market will be valued at $46.40bn by 2024: “Due to the growing popularity and adoption of cloud computing services, many organizations of all sizes are looking to grab advanced cloud features in order to deliver high scalability and management to their services…the rising demand for cost effectiveness and disaster recovery are currently identified as the key reasons for the growth of the DPaaS market across the globe.”
Here’s what this means for manufacturers: As a business in general, only 6% of companies survive a data breach or loss of some sort. Whether it’s administrator error or technological error, advanced manufacturers (especially those using cloud software) simply cannot afford to make mistakes. Manufacturers create and store extensive amounts of data every day: Sales documents, drawings, project documentation, accounting information, employee payrolls, purchasing orders, and more are stored on servers. How do you keep this data safe, especially if your IT department is stretched thin?
If you don’t already have one, now is the time to craft a Disaster Recovery Plan. Our clients at Distefano know that quality and reliability is immensely important to us, and that their data and projects are in safe hands when they work with us. Here’s a few reasons that advanced manufacturers should begin creating a disaster plan today:
- Establish customer trust: As DMDS notes, “downtime and lost data can ruin reputations and diminish trust which can result in lost revenue, yet only 35% of small and medium sized enterprises have a DR plan in place. Are you rolling the dice with your brand?” Even if you don’t think a catastrophic data loss is likely, keep in mind that natural disasters affect 30% of all small businesses, and man-made disasters affect 10% of small businesses. The moral of the story is that you don’t want to take the risk of not having a way to recover information. Customers want to know that your business won’t be destroyed if something happens.
- Machines and hardware fail: Modern IT hardware is extraordinary. However, no machine has a perfect track record; Internet connections can fail and hard drives are not perfect. Does this mean you need to build your own data center with unique servers and complex machinery? Not necessarily. Outsourcing to a data company can be a really good way to leave data protection, or DPaaS, to the experts, freeing up your business to do what it does best: Manufacture.
- You can’t afford downtime. Why have a disaster recovery plan? Well, the fact of the matter is that 20% of businesses each year undergo some type of failure, and 80% of those businesses fail thereafter. Those are not good odds. Is the monthly cost of backing up your data worth your entire business?
Big data is here to stay, and as systems become increasingly integrated, so does the risk of an entire manufacturing plant crashing because of a lack of disaster recovery preparedness. Don’t make that mistake. Customers want partners who will be reliable and don’t take chances with their information and bottom line.
Questions? Comments? Want to learn more? Leave them in the section below, any time!