Every year, as the Atlantic hurricane season approaches many businesses with little understanding are at risk due to the catastrophic “Black Swan” event. Black Swan events are a source of danger in states such as Florida where many communities could be affected by coastal storms. This risk is particularly acute for businesses that rely on online data storage when there is a chance that their sensitive data may be lost or corrupted. But the threat posed by Black Swan events is not limited to Florida, nor is it limited to major events such as hurricanes. behind the truth for the benefit of looking back. The name is derived from an ancient saying that thought black swans did not exist, but this saying was rewritten after the discovery of black swans in the wild. Consider the following scenario:
Sometimes, however, the most notable events may have a negative impact on business. The floor of the building heats up a transformer containing more than a thousand gallons of toxic oil.Initially it was thought that PCBs, poisons were soon determined to contain dioxin and dibenzofuran, the two most dangerous chemicals ever created. 18. When the transformer caught fire, the ashes entered the ventilation system and quickly distributed toxic chemicals throughout the building, which had been so polluted that it took 13 years and more than $ 47 million to clean it before re-installed or used the building. Due to the fire situation, the building and its contents, including all paper records, computers, and the results of the people working there, were not available. This type of event could be recurring for most businesses. “- Operations Due Diligence, Published by McGraw Hill
What would be the impact if a catastrophic hurricane that affected the entire region or a catastrophic local event like fire could affect your business operations? Can you survive that kind of disruption or loss? Just as online data dependence has grown on almost every type of business, so the risk that their data loss may disrupt the business’s performance and lead to its complete failure. In response to these threats, there has been an emergence of measures being used to reduce these risks as the volume of online data continues to grow. Initially, the concept of Disaster Recovery (DR) emerged as a mitigation strategy that focused on recovering sensitive data after a disruptive event by empowering businesses to restore disrupted IT operations.
Disaster Recovery (DR) includes policies and procedures that allow for the restoration of sensitive business information and that also allow IT infrastructure to be restored. DR was originally considered a base for the IT department tasked with reducing risk. To reduce risk, system backups were regularly configured and aggressive DR programs involving cold server startup processes and data backups were performed.
The aim was to restore the infrastructure to a storage location where the data was backed up (at that time, especially to tape). Acceptable practices of DR at the time allowed the IT system to be restarted when the power supply was finally restored … Unless it was in a flooded area or off-site storage was also affected. In any case, the operation of this facility may be interrupted for a period of time and data recovery may also be compromised depending on which backups are stored there.
Now let’s move the calendar forward … As technology has evolved as well as disaster recovery strategies, they lead to new ideas that have evolved into the needs of an ongoing Business solution as a way to reduce risk. It is still seen as an IT domain, as technology moves to solutions such as shadow servers, still distributing data centers and transferring bulk high-speed data through hyper connections. The data no longer had to be “available”, it just had to be connected to distributed areas where it could be accessed remotely. Business continuity reduced the risk of data loss and allowed the business to recover more quickly and quickly at the Black Swan event because its servers were not fully down.
Business continuity initially involved planning and preparation to ensure that the organisation’s IT infrastructure remains consistent which gives the business the opportunity to return to working order in the short term following the Black Swan event. Technology today has shifted to cloud-based solutions for data storage and applications in remote “cloud” environments so it may seem that the IT burden of reducing the risk of online data loss or corruption has been resolved. With highly connected, fully distributed solutions, some people see the need for business continuity to disappear in value. Nothing could be further from the truth …
The fact is that the risk was not only in the loss of data but in the loss of operational power. There are businesses that can tolerate any disruption in their operations. These include health care, insurance, and telecommunications companies, emergency providers, transportation providers and local governments. It is because of Black Swan events that the services and products these businesses provide may be in high demand. Requirements for ot