Over the last last few decades IT dependency has increased tremendously, not just for the mundane task of maintaining data but to manage and analyze data, streamline workflows and processes to accelerate growth and enhance communication. Organizations invest a lot of money and take great care in selecting the appropriate IT system. Therefore, a disaster recovery plan that focuses on the IT or technology systems that support business functions is crucial. That’s why more and more companies are now allocating 3%-4% of their IT budget towards disaster recovery.
A Data Recovery Plan is considered the most important and integral process of ERP implementation to avoid your valuable data from being wiped out or corrupted. The Data Recovery Plan at all times should be made with two basic objectives in mind – Recovery Point Objective (RPO) and Recovery Time Objective (RTO). These parameters aim to define the amount of bearable loss and the duration before the loss can be recovered, respectively. The objectives should be well calculated before mapping to the corresponding IT systems for the purpose of documenting a Data Recovery Plan that will be effective and operative without bankrupting the business.