Business continuity management on the rise
Business continuity management (BCM) and disaster recovery (DR) are often used interchangeably but erroneously so. Business continuity planning involves a holistic approach to business protection, seeking to ensure that mission-critical functions – from HR to manufacturing – continue to operate during and after an unforeseen event.
Disaster recovery on the other hand typically involves contingency for recovering and restoring business applications in the event of outage or systems loss.
A 2012 report from cloud services provider, MJ Flood Technology revealed that just over half (51 per cent) of organisations had no DR plan and 48 per cent no business continuity plan in place.