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As high-profile outages continue to make headlines, a secure disaster recovery plan is increasingly becoming a top priority for IT. Not only can a well-developed disaster recovery plan save your data, but it could also save your entire business.

Shockingly, not every company is planned for a disaster or outage – globally 3 out of 4 companies are not prepared for a disaster. There are many  myths about cloud-based disaster recovery, and some have detered business owners from implementing a solution all together. Below, we disclose 2 common myths that surround cloud-based disaster recovery. View the full fact sheet to uncover additional misconceptions about disaster recovery and how you can set up a secure plan.

Myth #1:  Downtime Doesn’t Cost THAT Much

This is one of the most alarming misconceptions about disasters. Some business owners are unaware of the financial dangers a disaster can cost them. Downtime can cost businesses an average of $1,400 to $8,000 per minute! And on average, downtime can cost up to $84,000 an hour. Could your company bear this type of financial burden? If you answered, “No,” you’re not alone – the financial consequences following a disaster have caused other companies to go bankrupt.

Myth #2: Once I Set Up a Disaster Recovery Option, I’m Locked Into a Lengthy Contract

A contract between your business and a provider is common for any disaster recovery option. However, that does not mean you are bound to a contract forever. With VMware vCloud® Air™ Disaster Recovery, you can set the length of your commitment. Contracts and SLAs are not to be feared and can range depending on desired length.

Business owners shy away from implementing a disaster recovery plan because they’re under the influence of myths, theories and misconceptions. But as we hope we’ve demonstrated above, cloud-based disaster recovery solutions are nothing to fear.

If you’re interested in learning more about disaster recovery for your business, check out our complete list of, “8 Myths on Cloud-Based Disaster Recovery…Busted!”

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