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Follow these seven steps to implement a BC strategy that can help you swiftly recover your business processes in the event of an outage. It identifies the following: All business processes performed and the recovery time requirements for those processes. Applications and systems used and their importance.
Disaster recovery comprises a set of policies or procedures designed to ensure effective communication during the event and facilitate the return to normal operations, the recovery of IT systems, and the restoration of uptime for mission-critical applications. Both tasks require assessment of business impact and risk analyses.
Due to the outage, he was unable to execute a trade to exit a position and lost $70,000.00 With this process, businesses can select strategies to enable a recovery that makes sense financially and gives leaders peace of mind that no matter what uncertainties the future may bring, organizations will thrive and even profit for years to come.
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