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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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Disaster Recovery and Business Continuity have become an integral part of the ongoing business process with most of the Organizations that consider it important to do risk assessment and risk mitigation to safeguard their business from all sorts of threats and crises.

DR & BC plans can be drawn up in detail and elaborately to cover each and every business process and function. The extent to which one must elaborate would depend upon the nature of business and the cost of recovery.

Business Continuity is largely maintained through alternative BC or DR site which can be inside the same city, in another city or location or at an overseas location etc. When it comes to IT and systems recovery as well as DR plans for IT companies the options of Disaster Recovery & Business Continuity sites as well as recovery process are different from normal DR or BC Sites.

Apart from having to plan for Disaster Recovery & Business Continuity Sites, the companies have further more options for recovery assistance. Some of the widely used options are given hereunder.

Vendor Performance Guarantee

Companies tie up with the supplier or vendor to provide nil down time or pre specified downtime recovery assistance by replacing the hardware immediately or holding inventory of spares at customer site. Companies like IBM, Dell etc stock some of the critical components and spare hardware as well as engineers at large customer sites (Eg: Banks) to provide onsite support as per their performance agreements.

Hardware Insurance

Some of the vendors or suppliers offer insurance or guarantee with commitment on replacing the parts within stipulated time period or replacing the product as the case may be.

Commercial Disaster Recovery Sites

It is not uncommon in case of IT companies to seek services of a third party vendor who specializes in providing DR services. In most cases where the IT installations are huge and critical, using a good third party DR center makes more sense than setting up one in house. When it comes to Third party services, following options are available in the market.

  1. Hot Site: A hot site refers to a ready to use office or site or a ‘Plug and Play’ facility that is fully equipped and fully functional. In case of hot sites, all systems can be pre-loaded and kept ready for use including communication network etc within one hour or so. The cost of such hot site could be the same as the running costs of established operations or even more.

  2. Cold Site: A shell space with basic facilities is called a cold site. One would need to move in, set up the computer networks and get the systems set up going including communication network etc. Cold site basically refers to a semi furnished space with basic infrastructure in place. The cost could be relatively cheaper as it does not include the infrastructure. In case of an emergency, the teams can move in with the infrastructure and set up the office or business within a day or two.

  3. Mobile or Portable Sites: Some vendors offer work spaces that are mobile and mounted on trailers. Some offer portable prefab cabins which can be stationed anywhere. Such mobile sites would be shell spaces and would need to be equipped with infrastructure to start operations.

There are several reputed third party services offering Disaster Recovery & Business Continuity sites on commercial basis. Some of the well known names include IBM, Comdisco, Sun guard, Strohl, LBL technology Partners & Technology protection systems etc. Besides the commercial ventures, several institutes are available from which one can get required guidance and assistance to develop plans in house.

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