DR spend up but BC down
Disaster-recovery (DR) planners and storage managers play a key role in getting an organization's technology assets up and running after an outage, but IT is often out of the loop when it comes to people, facilities, and other non-electronic resources
According to a recent report from Forrester Research, most enterprises are pouring dollars into DR technology upgrades while overall business continuity (BC) planning is falling by the wayside.
Stephanie Balaouras, a senior analyst at Forrester Research and author of the report, Market Overview: Business Continuity Planning Software, says most firms lack the necessary BC programs required to maintain consistency and enforce organizational standards across a distributed organization, and even when they do have a plan in place, it can usually be categorized as the bare minimum.
Balaouras says enterprises are starting to tackle the problem by turning to a small, but maturing, field of vendors that offer Web-based BC planning software to formalize, organize, and streamline their BC programs. "Right now, the BC planning software market is pretty small. We talk to a lot of customers who don't know this software is out there," says Balaouras.
Forrester pegs the BC planning software market (in the US) at about $70 million in annual revenues, with a CAGR of at least 20%. However, Balaouras believes the market will pick up steam as more-cohesive BC management and governance plans become commonplace, especially in large enterprises. Infostore
