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The Importance of a Disaster Recovery Plan

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Disasters are occurrences one cannot control. The economic movements are unpredictable as technologies, effects of climate change, and health issues continue to persist; these among other disasters cause shifts in activity in the global financial market. Business companies in return are the last entity to carry the loads of aftermath of these circumstances. They become pressed in crisis of recovery when for example a calamity struck an entire nation.
Disaster recovery planning and risk management is an initiative built to prohibit greater business loss out of circumstances that could impact firms. This is a mitigating and prohibitive action to brace the business entities when the disasters strike the market. The action plan is intended to make sure that businesses are resilient enough to restore its operations even after such unexpected events to happen.
Statistics show that 80% of those businesses without disaster recovery plan and that are greatly affected by major incidents are forced to close within 18 months after losing its resources and data to keep operating. The absence of mitigating plans for these catastrophes is the major reason why businesses are downgrading. Ideally, the business company should have its own plan in disaster risk to save the company’s investment and to provide long run protection against any disasters.
Risk management, on the other hand, is an analytical planning tool that plots possible disasters that may likely to happen. This is done

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