Why are Companies Constantly Upgrading their ERP Systems?
February 7, 2025
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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 […]
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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.
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.
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.
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.
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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