White Paper – The State of IT Resilience 2018
IDC estimates that as many as 50% of organizations could not survive a disaster event. Many organizations do not have properly protected and staged offsite data, have not tested the DR environment, or do not have automated DR processes as part of documentation and planning. The reasons for this are complex, but principal among them are typically cost, time, and training. IDC’s Worldwide Business Resilience Readiness Thought Leadership Survey uncovered several statistics illustrating the business impacts of disasters and data loss and how organizations are currently prepared to respond:
- 93% of respondents have experienced tech-related business disruption in the past two years. The fact remains that data disruption happens, and the negative impacts can be significant. Of those respondents who experienced a tech-related disruption, 17% categorized the disruption as “severe” — the highest choice on a scale of “no impact” to “severe.” The impact of these disruptions varied, with employee overtime and loss of employee productivity being the two most common consequences (see detailed list in Figure 1). …
- 83% of respondents have experienced some type of business disruption in the past two years. Further complicating matters, businesses face a range of disruptive factors beyond just disasters. Many disruptions are because of new technologies, new products or services, disruptive competitors, or new business models. ..
- 55.2% of respondents believe their data protection requirements will be more complex in the coming years. Respondents will face pressure to cost effectively manage the complexity associated with data availability. More than half of the respondents still manage their DR schemes in-house, without any third-party assistance….
Why Is IT Resilience Critical to Operations in the Digital Business Era?
Over the past 50 years, the average life span of S&P 500 companies has shrunk from around 60 years to closer to 18 years. To survive, companies have to be digital transformers while also managing the data required for new business initiatives. IDC estimates that worldwide spending on digital transformation technologies will expand at a CAGR of 17.9% by 2021 to more than $2.1 trillion. This surge in digital transformation–based spending will drive adoption of public cloud/multicloud storage along with on-premises systems to harness massive amounts of business-related data. If organizations are not prepared to manage and protect this data in a resilient manner, they are effectively putting the business at risk.
Where can you go for help?
With over 100 years of combined storage experience and thousands of successful engagements, SIS consultants will assist you with discovering and highlighting risks or gaps within your environment. SIS can help your team build a strategy, develop SLA, RPO and RTO goals, or educate your team on market trends and technology offerings without all the manufacturer marketing hype.
- Read the complete report here (Download Report)
- Data Protection Strategies and Services
- Cloud Backup Strategies and Services
- Economics of cloud based DR
- Understanding RTO and RPO
- TruResiliency Solutions
Source: Zerto – State of IT Resilience Report