Reason #4 will definitely catch the attention of your executive team. If you don’t make the investment in a disaster recovery plan, potential stakeholders may choose not to invest in your business.
Today’s savvy stakeholders have to mitigate risk wherever they can, and they may want to see proof that you have a disaster recovery plan in place to ensure business continuity. These customers, clients, vendors, contractors, and suppliers know all too well that downtime that leads to revenue loss can also potentially result in business failure.
The University of Texas estimated that 94% of companies suffering from a catastrophic data loss do not survive, 43% never reopen and 51% close within two years. These are scary numbers. External stakeholders are increasingly demanding that corporations have adequate disaster recovery plans in place in order to protect their interest in your business.
Don’t run the risk of losing a business deal because a disaster recovery plan is not in place.