Plan B has published its latest Disaster Recovery Market Research Report, which analyses results from a survey of 150 UK based IT decision makers. Participants were from businesses of varying sizes and sectors, from SMEs up to enterprises, including private and public sector organizations.
The survey found that, in many companies, there is a disconnect between IT departments’ belief in what they should spend on disaster recovery, and what they do spend. 89 percent of IT decision makers feel that they should spend over 5 percent of their budget on DR. However, in reality almost half (47 percent) are currently spending less than this.
Some companies are risking spending nothing on disaster recovery. This could be companies that have moved to the cloud and who feel that disaster recovery is not an additional requirement, or simply those that are hoping that they won’t suffer from the impact of IT failure and are willing to take the risk.
60 percent of people surveyed feel that between 6 percent and 20 percent of their overall IT budget is the right amount to spend on protecting their systems against downtime, which is a more suitable budget than the majority spend of 0-5 percent. Only 34 percent of companies actually spend between 6 and 20 percent of their budget on DR, indicating that either budgets are tight, DR is not prioritised highly enough, or that money is already committed to developments of production platforms in the hope that an IT failure won’t occur.
Only 11 percent of businesses are currently spending more than 20 percent of their IT budget on DR.
Read the full report (PDF)