AMAG Pharmaceuticals Business Analysis

Developing backup procedures, implementing company-wide, recovery plans need to be developed and offsite backup locations should also be considered

Monitor Backups and make sure your backup strategy is working correctly. This to me is the most important thing to make sure is done at least every morning. If sufficient backups are not in place data loss could be catastrophic for the business.

Let 's go back to daily backups for an example. If you back up at night at 6:00 p.m. and the server goes down the following day at 4:00 p.m., then you 've potentially lost 22 hours of data that was created during that day. If you have no ability to recreate that data, then the data is lost.

Because Aircraft Solutions has valuable intellectual property, the cost of data loss can be astronomical. In fact, 17 percent of data loss incidents cannot be retrieved. It is worth noting that the value of the lost data varies widely depending on the incident and, most critically, on the amount of data lost. Should AS experience a data loss, it may take hundreds of man-hours over several weeks to recover and reconstruct. Such prolonged effort could cost a company thousands, even potentially millions, of dollars. Although it is difficult to precisely measure the intrinsic value of data, and the value of different types of data varies, several sources in the computer literature suggest that the value of 100 megabytes of data is valued at approximately $1 million, translating to $10,000 for each MB of lost data (Smith, 2003). The National Archives and Records report that 93% of companies that lost their data center for 10 days or more due to a disaster filed for bankruptcy within one year of the disaster. 50% of businesses that found themselves without data management

The Policy was detailed and thorough, making it possible for employees to begin recovering data as soon as a data center becomes operational. The backup schedule was followed, resulting in no loss to proprietary data. The ability to recover data means that very little funds will need to be spent on research that has already previously been accomplished. These funds can be used to recovery other physical assets, and be put to use in developing a more robust Disaster Preparedness Plan.

As technology grows and information has become a critical asset companies currently are devoted their resource and money to protect their data as important as their finance and human resource assets.

While all of these technologies have enabled exciting changes and opportunities for businesses, they have also created a unique set of challenges for business managers. Chief among all concerns about technology is the issue of information security. It seems to be almost a weekly occurrence to see a news article about yet another breach of security and loss of sensitive data. Many people will remember high profile data breaches from companies such as T.J Maxx, Boston Market, Sports Authority, and OfficeMax. In the case of T.J. Maxx, a data breach resulted in the loss of more than 45 million credit and debit card numbers. In many of these incidents, the root cause is a lack of adequate security practices within the company. The same technologies that enable managers can also be used against them. Because of this, businesses must take appropriate steps to ensure their data remains secure and their communications remain

When taking a look deep into an organization’s different departmental operation, it becomes clear how to plan to protect the most data and also which areas is more operation critical. While preventing interruption is the most important aspect of this plan, no one can predict the weather or any other attack. As part of the steps to implement the business continuity plan, Sunshine Machine Works will need to document a risk management plan, business impact analysis, incident response plan, plan activation, incident response team, communications, contact list and recovery plan section. Once all has been documented, the organization will need to test, evaluate and update schedule.

Security measures to be input into the firm to boost disaster recovery process include establishing firm registry in bomb proof vaults that will shield the firm’s documents and data from disasters such as terrorist attacks. Such will ensure that the records of the firm are not tampered with and as such the company is able to run business without fundamental data loss (Menken and Blokdjik, 2010).

Individuals are always finding ways to get around encryptions, firewalls, and other means of blocking intrusion just to destroy a company 's databases and network 's. There are some basics like offsite storage and the use of online backup that can help companies to be prepared for the worst. The data that companies handle usually equals money, and because of this data needs to be protected by backing that data up and/or duplicated off site.

Disaster Recovery Planning is the critical factor that can prevent headaches or nightmares experienced by an organization in times of disaster. Having a disaster recovery plan marks the difference between organizations that can successfully manage crises with minimal cost, effort and with maximum speed, and those organizations that cannot. By having back-up plans, not only for equipment and network recovery, but also detailed disaster recovery plans that precisely outline what steps each person involved in recovery efforts should undertake, an organization can improve their recovery time and minimize the disrupted time for their normal business functions. Thus it is essential that disaster recovery plans are carefully laid

Owning a business can have many stressors day to day. When starting a business there is a lot of planning and preparation involved. Many small businesses are owners who have put their own money into the business and look at it as an investment. Unfortunately with all the planning that goes into starting a business, one thing is often over looked. Most of the time the “what ifs”, are not part of the planning stage. One reason for this is that people do not like to think of the bad things that could or may happen. So with all the time and planning put into starting a business why not put some extra thought into a plan B if a disaster strikes? This plan B could be a business continuity plan or a disaster recovery plan. Business continuity plans are an essential part of the modern day business. There are so many potential disasters for small businesses that could seize the production or even close the business down for good. A recent study from Gartner Inc., found that “90% of companies that experience data loss go out of business within two years. It also found that 80% of company owners have not thought about how they would keep their businesses up and running if a data disaster occurs.” According to the Association of Records Managers and Administrators, “about 60 percent of businesses that experience a major disaster such as a fire close

A large US public power provider, with millions of residential and business customers, needed to rethink its disaster recovery program. Due to budget constraints, the utility’s data recovery program had not been updated or tested for several years. Under the existing program, systems recovery could take up to 20 days—an unacceptable timeframe for a

This report provides an analytical strategic review of the global pharmaceutical industry; its origin, evolution,

Competition, typically the most powerful external force, is increased by the advent of globalization. The number of companies and the number of countries where these companies operate and the way governments are dealing with the impacts of globalization is accelerating. The interaction of changes in government policy and business innovation has actually made globalization even faster. If a company does not become a global, it would simply be shut out of new markets. The reasons for the turmoil are numerous: a sputtering economy, increased global competition, the implementation of new technologies that displace jobs, the deregulation of certain industries, and the general