Slipstream Insights

Why you Need a Disaster Recovery Plan

Recoverability is only as good as your last backup!

Data is the lifeblood of any business. It’s what keeps you competitive, helps inform your decisions and allows you to remain agile in an ever-changing market. As such, it’s essential that you have a disaster recovery plan in place should something go wrong. From natural disasters to cyber-attacks, having a disaster recovery plan can simplify operations and minimize risk in a cost-effective, customizable, and scalable way.

Why you need a disaster recovery plan

Minimizing Downtime

Ensuring that your business can continue operating even if something goes wrong is especially important for emerging pharma and biotech businesses that rely on critical data and need to meet tight deadlines — as such — downtime can mean lost time and lost revenue. Without a robust disaster recovery plan in place, it can take days, weeks, or even months to recover.

Reducing Risk & Increasing Security

Disasters come in many forms: cyber-attacks, equipment failures, fires, power outages, an unprepared team —basically anything that can take down your systems. Having a disaster recovery plan helps mitigate these risks by helping identify weak points within the system and developing strategies to protect against them before anything happens. Additionally, staying up to date with your security system can also help protect against cyber-attacks while providing an extra layer of defense when it comes to keeping your customer information secure.

Cost Savings & Efficiency Gains

A good disaster recovery plan not only minimizes downtime but also reduces costs associated with any potential damage that may occur due to an event such as a natural disaster or power outage. By investing upfront into setting up the necessary systems and protocols for handling these events, businesses can save money over time and run worry free about repairing costly equipment or dealing with lengthy outages. Additionally, having everything set up ahead of time also ensures that workflows aren’t interrupted, ensuring efficiency gains from not spending time getting back on track after each incident occurs.

Compromised data disasters have become increasingly commonplace in recent years within businesses large and small alike. Slipstream is dedicated to simplifying and ensuring governance by implementing a comprehensive Disaster Recovery Plan for emerging pharma and biotech companies as their trusted partner.