Recovery RIO: Why Investing in Backup Disaster Recovery Solutions Is a No-Brainer

Disasters can happen to any business, whether it is caused by a cyber attack or a natural disaster. Investing in backup disaster recovery solutions has never been more important. These solutions can be a hefty investment, especially for small to medium-sized businesses. However, you’ll want to weigh the difference between the cost of the solutions and the high return on investment (ROI) the solutions bring. 

When you understand the potential gains, it can help your organization determine whether a cloud backup is the right choice. 

Evaluating Your Current Data Backup Plan

Before we dive into the ROI of cloud-based backup solutions, it is essential to assess the costs associated with your current backup strategy. No matter the size of your business, you need a backup and recovery strategy in place in case of system failure, breach or any other unexpected issues. Do you know what your current plan is actually costing you?

When determining the cost of your backup plan, consider these factors: 

• Physical storage costs: Consider the costs you are spending on hard drives, USB backups, servers and other storage devices. As the amount of data increases, so do the costs.
• Security expenses: Devices will also need to be secured whether that’s through encryption software or physical security. What are the costs associated with that?

You will also want to have offsite backups in order to protect your business in case of a local disaster. However, it may be worth considering a cloud-based solution as it can be more cost-effective in the long run. 

Calculating the Cost of Downtime

The cost of downtime can be staggering. If your data is inaccessible, how much work can be done? Downtime can result in lost wages, income, customers and employee morale. If downtime occurs, you’ll likely need to still pay your employees resulting in an imbalance of work performed and wages paid. You may also lose income and customers if they can not purchase your products or services during downtime. They’ll likely go to a competitor. 

Lastly, recovering the data lost can be a substantial cost as you work on getting back to business. The price of downtime far exceeds the cost of a comprehensive backup plan.

Understanding the ROI of Cloud-Based Backup Solutions

Cloud backup disaster recovery solutions offer your organization many advantages over traditional methods of backup. Here are some of the benefits: 

• Frequent backups: With cloud-based systems, backups can occur more often. This helps to ensure that if disaster strikes at the end of the day, you won’t lose an entire day’s worth of data.
• Seamless integration: Cloud solutions integrate remote employees into your backup plan, ensuring that everyone in your organization is covered no matter where they work.
• Quick recovery: Files accidentally deleted due to human error can be restored quickly, minimizing disruption.
• Business continuity: If a natural disaster or other issue affects your primary location, you are able to seamlessly transfer the operations to another location, while keeping your business running.

When you consider the potential savings in lost data, downtime and business, the ROI for cloud-based solutions becomes clear. It’s well worth the expense.

Beyond Financial Gains: The Intangible ROI

One of the most significant benefits of cloud-based backups is the peace of mind you’ll gain. When you know your data is secure, you can focus on growing your business without worrying about losing your team’s hard work.

For many organizations, the peace of mind these solutions bring is priceless. Your disaster recovery system ensures your business can continue to run smoothly, even when the worst happens. The initial investment can be costly, but the long-term benefits will pay off. 

We’ll Be Your Partner in the Cloud

The risks associated with data loss and downtime are vast and too significant to ignore. Investing in both cloud-based backup and disaster recovery solutions offers a high ROI. We can help assess your current backup strategy, identify the gaps and find the cloud-based solutions that work best for your organization. Book a meeting with us to get started.