21st Century Disaster Recovery: 3 Ways Allegro Horizon’s Cloud Capabilities Enable Business Continuity
It is no secret that unexpected data loss and downtime threaten companies around the world every day. From weather-related events such as hurricanes and extreme hot and cold conditions to hardware failure to cyber attacks, disasters come in many forms; and the timing of these disasters and the damage done are almost never fully predictable.
Just last year, weather-related catastrophes, including extreme snowstorms and wildfires in North America coupled with hurricanes in the gulf coast, caused $306 billion in damages, making it the costliest year on record, according to USA Today. Iron Mountain has reported that data loss from ransomware, malware, rogue employees, and hard drive failures is up 400 percent since 2012. High-profile ransomware attacks in 2018 alone include Boeing, the City of Atlanta, and the Colorado Department of Transportation.
How serious are these threats when it comes to the future of your company? Well, according to a report from the Federal Emergency Management Agency (FEMA), 40 percent of businesses do not reopen following a disaster. On top of that, another 25 percent fail within one year. Of all the uncertainty disasters bring, one thing is certain: You can control your plan for reacting to these disasters and avoid being part of these statistics.
“The future belongs to those who prepare for it.” – Ralph Waldo Emerson
Mitigating Risks and Protecting Your Data in a World of Interconnectivity
Today’s recent surge in data and analytics means commodity businesses must have cloud-enabled trading and risk management software, such as Allegro Horizon, for full business redundancy; and we have the outside research to back it up. According to a recent Gartner survey, cloud-based recovery is the preferred choice in recovery location for critical IT infrastructure services. Additionally, Gartner reports that database replication and storage-based replication are the most prevalent data protection methods.
Allegro has heavily invested in Allegro Horizon’s cloud capabilities to ensure that when our customers are ready to use the cloud, we are ready to make it happen for them. We are already seeing many of our customers move pieces of their portfolio management to the cloud in phases; and most have started with using it for disaster recovery and backup to ensure full business redundancy.
Here are three ways Allegro Horizon’s cloud capabilities are providing these customers with business continuity:
- Allegro Horizon eliminates the need for specialized backup services at a secondary location, which saves our customers money and headaches. One of our customers completely rid themselves of their physical disaster recovery facility once their disaster recovery and full redundancy went live on the cloud via Allegro Horizon.
- Allegro Horizon’s cloud capabilities enable fast reactions to cyber attacks. One of our global logistics customers recently experienced a malware attack and requested Allegro deploy an emergency cloud production environment. Allegro was able to meet the customers’ request and create an instance of their production in the cloud, enabling them to continue “business as usual” as they shut down their on-site production to prevent further malware havoc.
- Cloud storage with Allegro Horizon ensures data safety. Our customers that have deployed their disaster recovery and backup to the cloud via Allegro Horizon sleep soundly knowing their data is protected. Why? Because Allegro partners with Microsoft Azure for all our cloud computing services. “Security and privacy are built right into the Azure platform, beginning with the Security Development Lifecycle (SDL). The SDL addresses security at every development phase and ensures that Azure is continually updated to make it even more secure. Operational Security Assurance (OSA)builds on SDL knowledge and processes to supply a framework that helps provide secure operations throughout the life cycle of cloud-based services. Azure Security Center makes Azure the only public cloud platform to offer continuous security-health monitoring.” –Microsoft Azure Security Overview
From weather-related events to security breaches to power and data center outages, a solid backup and disaster recovery plan is critical to any business’ success. Allegro Horizon is the answer for your commodity trading and risk management needs in today’s volatile and vulnerable market.
Want to learn more about how Allegro Horizon can help you better prepare for disasters? Click here to contact us.