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Summary of a business disaster recovery plan
Summary of a business disaster recovery plan
Summary of a business disaster recovery plan
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Ensuring Business Continuity in Order to Protect Data Assets
Many businesses, especially those related to information technology, view data as a preeminent asset. Some assets, such as physical property and equipment are more obvious, but those that are less noticeable can be of greater value, define an organization’s image and success, and offer a competitive advantage. Information is considered such an asset and the collection, maintenance, and update of this asset is critical to an organization’s short and long-term success. Having information that is accurate, dependable, and current is often essential in a business’s day-to-day operations. For example, many businesses directly linked to the financial sector depend upon accurate and current information in order to perform daily financial transactions relating to the financial assets of many clients. Other businesses must have timely data in order to make informed decisions and allow daily operations to perform with optimum efficiency. Regardless of the business, it is necessary to preserve the integrity of the data and possess data that is current or real-time.
Because data can be so important and often inestimable, it is vital that businesses take steps to assess options and evaluate planning in order to ensure the continuity of the business in the event of disruptions such as server or network failure, a loss of power, or a range of natural disasters – and so on. Each business must determine what is in its best interests for addressing continuity, but a good framework usually consists of a Risk Assessment, a Business Impact Analysis, a Disaster Recovery Plan, server and network redundancy, one or more forms of data backup media, as well as a Universal Power Supply (U...
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...n addition to the RPO and priorities, which may be referenced from the BIA. Contact information for vendors and other third parties will also be listed, especially that regarding any secondary data service provider. It is important that the organization and sequence of recovery events be listed clearly.
The DRP can be extensive, and components may include a variety of backup methods as well as range of alternate sites. Some sites are empty and just have basic electricity requirements, but others provide all that is necessary to resume operations expediently. Redundant servers and networks are also components, as is a UPS. Replacing equipment as a form of preventative maintenance is also a consideration [1]. Though useful, none of these solutions is mandatory and each must be assessed based on the need and financial resources the company is willing to invest.
Business was also dependent upon information technology. If systems were down for some reason due to viruses or major electricity failure, the company would not be able to fill orders. The company should consider external power supply.
Information is a key component, which is virtual source in all aspects of business. Information helps create a well balance between analytics, business information, customers, vendors, and sales. Without proper use of information, businesses may struggle to understand components of their business, such as monitoring information, validated decision making, performance measuring, and the ability to identify new business opportunities. In this text, there will dialogue on how a Laboratory Corporation of America, also known as LabCorp, uses each one of these functions, to ensure better business practices, and proper regulatory control of the business components, that make this business strive.
Technological developments and improvements have allowed for businesses to communicate information faster and better by the use of email, live chats, and video teleconferencing. These enhancements allow for a faster flow of information in which a business can easily distribute and receive responses in real-time from its customers. It helps employees to function more efficiently by using software programs such as word processing, spreadsheet tools, statistical analysis software and computer aided design programs. With the growth of the internet and social media, businesses expose its products to a larger customer base. Others advances such as inventory management software are able to track and fill orders, and replace stock when the volume fails a pre-determined quantity at much faster rates. Digital storage of documents and information on servers and multi-media storage
The lessons we have learned from such catastrophic events as Hurricane Sandy on October 29, 2012, and the Boston Marathon Bombing on April 15, 2013, demonstrate the need to reemphasize continuity as a “good business practice” to be incorporated into day-to-day planning, in order to reduce vulnerability and ensure continuity. (Cite CGC 1 P2)
A “Risk Map,” “Risk Dashboard,” and a list of the “Top 10 Risks” and their corresponding mitigation strategies are maintained to keep the company operational and be able to spring back from disruptions quickly. Various tools are used to assess the risk such as failure mode and effects analysis, fault tree analysis and probability models are also utilized. A Scatterplot tool is used to depict the probability of failure index vs profit at risk index identifies partners that have higher risk of failure and the corresponding financial impact on the profit as shown in figure 3. The company prioritizes the suppliers that have high risk of failure and a high impact on the profit and work their way
All facets of a continuity plan should address the protection and safety of personnel and the protection and recovery of data. The primary objective of this plan is to establish policies and procedures to be used for information systems in the event of a continuity to protect and ensure functioning of those assets. This includes establishing an operational capability to process pre-designated critical applications, recovering data from off-site backup data sets, and restoring the affected systems to normal operational status. The plan seeks to accomplish the following additional
Currently, businesses want to use the information effectively for competitive advantage to make better decisions that improve and optimize business processes, predict the market dynamics accurately, optimize forecasts to adequately maintain resources to name a few reasons.
Friedman, Uri. “Big Data: A Short History.” foreignpolicy.com. Foreign Policy, 8 Oct. 2012. Web. 16 Mar. 2014.
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 out and carefully updated regularly. Part of the plan should include a system where regular training occurs for network engineers and managers. In the disaster recovery process extra attention should also be paid to training any new employees who will have a critical role in this function. Also, the plan should require having the appropriate people actually practice what they would do to help recover business function should a disaster occur. Some organizations find it helpful to do this on a quarterly or semi-annual basis so that the plan stays current with the organization’s needs.
Most health care providers currently utilize electronic health records (EHRs), or will in the coming future. Network collapses, glitches, power outages and flaws within the system all have the possibility of occurring. Due to the plethora of sensitive information contained within the health care field, health care providers need to form backup plans. These backup plans will serve as preventative measures in order to keep the integrity of the health care data intact. Therefore, contingency plans are a clear necessity within the field.
Prior to the start of the Information Age in the late 20th century, businesses had to collect data from non-automated sources. Businesses then lacked the computing resources necessary to properly analyze the data, and as a result, companies often made business d...
Big data is a concept that has been misunderstood therefore I will be writing this paper with the intentions of thoroughly discussing this technological concept and all its dimensions with regard to what constitutes big data and how the term came about. The rapid innovations in Information Technology have brought about the realisation of big data. The concept of big data is complex and has different connotations but I intend to clarify its functions. Big data refers to the concept of a collection of large and complex amounts of data that are found extremely difficult to notate or even process by most on-hand devices and database technologies.
This can’t be said enough. The systems your business uses need to be connected and able to exchange information back and forth through an automated process.
Curtis G. & D. Cobham (2002: 4th edition) Business Information Systems: Analysis, Design and Practice. Essex: Pearson Education Limited
The main function of AIS is to provide information derived from the financial transactions. The daily paper record, receipts and invoice, the electronic copies, any kinds of documents could be the source of the financial transaction. The piecemeal data is hard to trace and follow. The traditional accounting information system solves this problem. It collects the information, sorting and processing, making a record and then providing it to the users who are interested in it. However, with the development of technology, the function is being improved. Under the network environment, the accounting information system trends to base on internet to realize the financial information processed electronically and automatically. The emerging functions, such as cloud computing, shadow data, giving convenience to the users via mobile devices. The non-network AIS is no longer meeting the new requirements. In current business world, innovations and improvements are needed to satisfy the varieties requests of customers under the context of multi-cultural. Companies and organizations hope to use information to help planning and solving problems. In the pwc report, the new accounting information system needs efficiency, speed, and real time information to meet the definition of excellence. Given that this is an information era. These factors need the cooperation between IT and Accounting. The system creator according to the