Franklin Lakes resident Taylor Hallman has worked at Prudential Financial based in Newark, New Jersey since 2012. As a business continuation associate, Taylor Hallman assists businesses within the Newark and Franklin Lakes area with devising strategies to remain open in case an event disrupts their businesses.
Disaster recovery plays a huge role in a business continuation plan. While the two are used interchangeably, disaster recovery is a subset of a continuation plan, which has a wider scope.
Disaster recovery refers to the processes a business uses to get back up and running during the event of a disruptive event. These disasters can be anywhere from IT and hardware issues to security breaches. The disaster recovery plan focuses on getting a business operational during the event.
Disaster recovery exists under the business continuation plan, which happens before the event. This continuation plan focuses on business processes, deciding what business functions are vital and benefits versus costs, in addition to disaster discovery.
Ultimately, the key difference between the two is timing. A business continuation plan is drafted long before an event and provides specific instructions for carrying out protocols to ensure the business is operational during the disruption. Alternatively, disaster recovery happens during an event, and it is the immediate response to a catastrophic event, which entails restoring machinery, technology, and other parts of the business are functional.
