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Almost half  or 48 percent of Filipino businesses do not have a disaster recovery (DR) plan in place for their IT and 45 percent have no business continuity for their workplace requirements. The catastrophic spate of disasters that occurred in 2011, including typhoon ‘Juaning’ in August and ‘Sendong’ recently , has driven the issue of disaster recovery to the top boardroom agendas highlighting the huge cost to businesses that natural disasters and their aftermath can cause.

 

Although these are extreme examples, the consequences of common events such as fires and vandalism can also seriously damage a business. Based on the latest survey of Regus, the world’s largest provider of flexible workplaces, which canvassed the opinions of over 12,000 business people in 85 countries, a significant proportion of firms are taking a huge risk with their shareholders assets and failing to take proper precautions.

The findings also noted the following:
 
An estimated 48 percent of Filipino firms compared to 45 percent globally do not have an IT DR plan in place ensuring systems are up and running within 24 hours;
 
Globally 55 percent of firms have no workplace recovery that could be available within 24 hours, and The Philippines follows this trend with 45 percent of firms lacking workplace disaster recovery;
       
Filipino businesses are more likely to perceive the cost of disaster recovery as prohibitive (38 percent) than average (33 percent);
       

Over half of Filipino respondents (81 percent) declared that they would invest in workplace recovery if the service were suitably priced compared to 55 percent globally;

Globally, although larger firms are better prepared for disaster recovery than smaller companies, 26% percent of larger corporations still remain without a disaster recovery facility for their IT systems, and 40 percent have no workplace disaster recovery facility;

Globally, financial services (71 percent) and ICT businesses (66 percent) were more likely to have a business continuity plan although more than 40% of firms in these sectors have no workplace recovery arrangement.
 
William Willems, Regional Vice-President for Regus Australia, New Zealand and South-East Asia said that the research reveals that, in spite of reports indicating that the average incident can cost up to US$ 500,000, disaster recovery among Filipino businesses is not as wide-spread as imagined, particularly when it comes to workplace.

“Over a third of businesses in the Philippines reveal a high perceived cost of DR, but many also report that they would be willing to pay a monthly fee to access a workplace disaster recovery facility in case of emergency.  This is an important indication that although too many businesses are taking a gamble, their mentality is changing. As affordable products and services become available around the globe, it is likely that more businesses will finally stop hoping for the best and seriously start planning for the worst,” Willems said.

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