Could Your Business Survive?

Could Your Business Survive If Your Office Space Didn’t?

Could Your Business Survive?

Hurricane season is upon us once more. With the Pacific season starting back in April and the Atlantic season following in June, businesses near the coast are at higher risk for suffering hurricane effects. And although there is no stopping Mother Nature, there are ways to protect your business with cloud-based enterprise content management (ECM).

hurricane-sandy

The recent flooding in Texas is a stark reminder of how weather-related damages can wreak havoc on even the most prepared – no matter what the season or your geographic location:

  • A 2014 study from IHS Global Insight found that a major storm with “impassable” roads – like those experienced in the Northeast this winter, could have a significant economic impact with even a one-day shutdown. A single day’s shutdown in New York costs about $700.17 million, while Massachusetts loses about $265.12 million.
  • In 2014, there were 8 weather and climate disaster events with losses exceeding $1 billion each across the United States. These events included droughts, flooding and severe storms.
  • Hurricane Sandy, alone, caused over $50 billion in damages, including economic losses from damaged or destroyed businesses.

Thus hurricane season, for companies located in the targeted areas along the Gulf Coast and the full range of the Atlantic, certain precautions must be made to ensure business continuity. While you should board up your windows and line your perimeter with sandbags, there are also cost effective ways to protect your business – especially your business documents.

What is your disaster recovery/business continuity plan? Could you ever recover?

It is really hard to imagine losing your entire physical business and everything inside of it. But there are ways to protect your important documents, from contracts and invoices to sensitive legal and financial data – during a disaster. While nothing can mitigate the economic costs of a severe storm, using cloud-based ECM software can reduce risk and allow businesses to continue to transact under extreme conditions.

As a business owner, be sure to develop a secure disaster recovery/business continuity plan, complete with all of the necessary components so that you can recover, should you be threatened by an unfortunate event. In most cases, this means evaluating alternatives to traditional on-premises hardware and software.

Cloud-Based Document Management Solutions are there when you need them

The greatest benefit of a cloud-based document management system is that it can be accessed anytime, from anywhere. Organizations leveraging cloud ECM technology don’t have to worry about physical documents stored in filing cabinets or at an off-site location. Using a secure online platform, business will continue to operate using any Wi-Fi enabled device – regardless of the weather conditions. Your business workflow can continue across the country while keeping your data secure.

Many businesses and hospitals learned about backing up files the hard way. Dr. Guerrero, M.D., owner of Essex Gastro Associates, P.A. was prepared for Hurricane Sandy and makes this recommendation: “The best advice I can give my colleagues about preparing for a storm or any other type of disaster is to continuously back up your files, invest in a generator, and select an IT company that is customer service-focused to answer all your questions and walk you through any problems.”

The quiet after the storm

The good news is that businesses can survive even if their physical location doesn’t. Such capability is dramatically enhanced when business owners plan appropriately. As those hit by flooding, hurricanes or severe winter storms know, we cannot forecast the weather with absolute precision, but we can plan for it. Start today by preparing your disaster recovery plan and make certain you evaluate the benefits of cloud based ECM.

By Jeff Frankel

jeff

Jeff Frankel is Executive Vice President and Principal at docSTAR, a B2B software firm specializing in cloud document management solutions and business process automation. He has more than two decades experience in corporate business development, working with industry-leading firms including Authentidate Holding Corp, Med-Flash, Health Focus of NY, and Ernst & Young. Jeff offers innovative perspectives on streamlining business for improved efficiency and productivity. You can follow Jeff and the docSTAR team on Twitter, @docSTARsoftware.

CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in cloud connected technology information, resources and thought leadership services.

Contact us for a list of our leading programs.

Countdown to GDPR: Preparing for Global Data Privacy Reform

Countdown to GDPR: Preparing for Global Data Privacy Reform

Preparing for Global Data Privacy Reform Multinational businesses who aren’t up to speed on the regulatory requirements of the European ...
What Is Net Neutrality And Why Is It So Important?

What Is Net Neutrality And Why Is It So Important?

What Is Net Neutrality? Net neutrality is a concept that has been the centre of a lot of debates recently, ...
Critical Success Factors when shifting Workloads into the Cloud

Critical Success Factors when shifting Workloads into the Cloud

Shifting Workloads into the Cloud By 2020, 92 percent of all workloads will reside in the cloud. Yet challenges remain ...
How IoT and OT collaborate to usher in the data-driven factory of the future

How IoT and OT collaborate to usher in the data-driven factory of the future

The Data-driven Factory The next BriefingsDirect Internet of Things (IoT) technology trends interview explores how innovation is impacting modern factories and supply chains ...
Ransomware Cyber-Attacks: Best Practices and Preventative Measures

Ransomware Cyber-Attacks: Best Practices and Preventative Measures

Ransomware Cyber-Attacks “WanaCrypt0r 2.0” or “WannaCry,” an unprecedented global ransomware cyber-attack recently hit over 200,000 banking institutions, hospitals, government agencies, ...
The Cloud Has Your Data (Whether You Like It Or Not)

The Cloud Has Your Data (Whether You Like It Or Not)

Cloud Cleanup Anyone? Following on where we left off from my last two articles now we shift focus to what ...
Four Providers of Smart City Kiosks Named IDC Innovators

Four Providers of Smart City Kiosks Named IDC Innovators

FRAMINGHAM, Mass., July 11, 2018 – International Data Corporation (IDC) today published an IDC Innovators report profiling four providers that are considered key emerging vendors in the Smart City kiosks market. The four companies named as ...
Coupa selected by Zurich Insurance to transform its business spend

Coupa selected by Zurich Insurance to transform its business spend

SAN MATEO, Calif., July 12, 2018 (GLOBE NEWSWIRE) -- Coupa Software (NASDAQ: COUP), a leader in business spend management (BSM), today announced that Switzerland’s largest insurer and global top 100 company, Zurich Insurance Group (Zurich), ...
Amazon to build new fulfillment center in Ottawa, create 600 jobs

Amazon to build new fulfillment center in Ottawa, create 600 jobs

(Reuters) - Amazon.com Inc said on Tuesday it planned to build a new fulfillment center in Canada’s capital Ottawa that would create more than 600 full-time jobs. The center, which is the company’s fifth in ...