The luck of the Irish. We’ve often heard the phrase, but let’s hope it’s true! Yesterday, the Irish Times reported that “many Irish organizations aren’t spending on technology to back up critical data or recover from an unforeseen event, and others have no documented plan to save their systems if a disruption occurs.”
The findings reported in the article (read the full article here), include the following:
- One in five organizations have suffered a serious data loss incident within the past 12 months.
- Nearly one quarter of organizations would need four business days or more to restore their systems.
- One in four respondents said they have no documented IT disaster recovery plan.
- Forty-four percent have no IT budget allocated to back-up or disaster recovery technologies.
- In 24 percent of cases, respondents said they don’t back up business data held at branch or remote offices.
- Twenty-two percent said backup media are not always taken off site.
- Almost half of the respondents (48 percent) said they were working on a disaster recovery strategy.
- Just 6 percent of organizations thought disaster recovery was too expensive.
The article quotes Fergal Hennigan, business development manager with MJ Flood Technology, the group that helped conduct the study, as saying that “most IT professionals had never calculated the cost per hour of operational downtime and consequently, many prioritized IT projects with a more demonstrable return on investment.”