As an IT manager, you may think of risk management as outside your purview. That's a mistake. Risk management should not be confined to the finance or accounting department at your company. Nor is it only for companies with their own risk management team led by a Chief Risk Officer to worry about.
While it may seem obvious why you should protect your data with backups, a professional approach to planning a defense requires that every conceivable threat is recognized and addressed by the solution you finally select. Data loss disasters have many causes and every one of them is too common to ignore.
As we move into the last quarter of 2017, and especially if you have budget remaining for technology, now is a good time to evaluate your current backup and disaster recovery plans and processes. If you don't have a formal backup and disaster recovery plan, make this part of your New Year's resolutions.
Most executives would agree that business continuity is important, maybe even critical, to the operation of a business. Where they may hesitate, however, is when it comes to spending money on this initiative during challenging budget times.