Symantec Corp. today announced the global results of its fifth annual IT Disaster Recover survey, which demonstrate...
June 30, 2009
Symantec Corp. today announced the global results of its fifth annual IT Disaster Recover survey, which demonstrates rising DR pressures on organizations caused by soaring downtime costs and more stringent IT service level requirements to mitigate risk to the business.
The study also shows that while DR budgets are higher in 2009, they are expected to remain flat over the next few years, requiring IT professionals to do more with the same or less.
The survey highlights that while recovery time objectives were reduced to four hours in 2009, disaster recovery testing and virtualization are still major challenges for organizations.
Respondents report that DR testing increasingly impacts customers and revenue, and one in four tests fail. Nearly one third of organizations do not test virtual environments as part of their disaster recovery plans, and a slightly larger percentage of virtual environments are not regularly backed up.
The average cost of executing/implementing disaster recovery plans for each downtime incident worldwide according to respondents is US $287,600. In North America, the median cost can climb to as high as US$900,000. Globally, this number is highest for healthcare and financial services organizations. In North America, the median cost for financial institutions is US$650,000.