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Survey: Business Continuity and Availability Solutions a High Priority for Corporate Spending in 2007
Findings reveal 18 percent of enterprises, 31 percent of small businesses have no business continuity planPALO ALTO, Calif., March 26, 2007
More than 80 percent of IT decision-makers at both large and medium-size businesses view business continuity and availability as an increased priority for 2007 and key to sharpening their competitive business edge worldwide, according to survey results released today.
Approximately four out of five managers and executives responsible for business continuity and availability, including chief information officers, IT directors and IT managers, indicate that the area will see an increase in spending this year as compared to 2006.
The survey, commissioned by HP and conducted by GCR Custom Research, further revealed that investments in disaster-tolerant solutions, backup and recovery efforts, security and improved IT service management offerings will also increase in 2007, with nine out of 10 decision-makers reporting higher planned spending.
In addition, the ability to meet competitive pressures, maintain uptime, prepare for pandemic outbreaks and improve regulatory compliance ranked as significantly higher priorities in 2007 than in 2006.
Overall, the results mark a shift in strategy for many companies, which have historically taken a reactive approach to recovering from unplanned downtime or disasters, to longer term business continuity planning.
“In today’s global marketplace, any amount of downtime can be devastating, if not terminal, to a business,” said John Bennett, worldwide director, Business Continuity and Availability Solutions, HP. “Research shows that IT decision makers see a dramatic return on investment as a result of building a sound, long-term, holistic business continuity plan, which will ultimately reduce the impact of internal or external threats.”
Management’s changing perception toward business continuity and availability solutions is impacting IT purchasing decisions across the spectrum of new technology adoption. In an August 2006 study by IT consultants Enterprise Management Associates, and reported in the Dec. 16 issue of InformationWeek, business continuity and disaster recovery was identified as the No. 1 driver of virtualization technology among 150 early implementers.
Overcoming challenges with sound IT plans
Nearly one in five enterprises surveyed (18 percent) and nearly one in three medium-size businesses surveyed (31 percent) lack a business continuity plan. The most common obstacles for the implementation of business continuity and availability solutions, based on survey results, range from the conceptual – such as securing financial support, overcoming lack of manager support and low corporate priority – to the tactical: critical problems that lie in the nuts and bolts of planning and implementation.
While the survey shows an increased awareness of and need for business continuity, availability and disaster-recovery solutions, IT organizations worldwide face significant challenges to implementing a sound plan.
According to survey participants, top obstacles include a lack of an agreed technology solution (55 percent), not enough time to implement (49 percent) a lack of data to create a true business case for implementation (34 percent) and inexperienced internal resources (59 percent).
With these barriers in mind, HP recommends following a simple, six-step process for evaluating, designing and implementing a long-term business continuity plan:
More than 564 IT decision makers worldwide responded to survey questions assessing their business continuity, availability and disaster-recovery plans and the technologies being used to implement those plans. Sixty-two percent of the respondents represented companies with more than $100 million in annual revenue from industries that include manufacturing, healthcare, education and financial services. Forty-eight percent of respondents represented medium-size companies with 100 - 999 employees.
HP’s integrated approach to business continuity and availability
HP’s approach to business continuity and availability helps organizations balance cost with risk across the enterprise. First, comprehensive planning and governance provide a thorough understanding of a customer’s business requirements and current readiness. Then, next steps are laid out to achieve a resilient, compliant and high-performance IT operation. Finally, HP translates the customer’s business service-level requirements into an operational plan of improvement that combines people, process and technology.
HP Business Continuity and Availability solutions are part of the HP Adaptive Infrastructure portfolio. They help customers build and manage agile, resilient environments that reduce operational risk and unplanned downtime and ensure continuous operation of critical business processes in the face of a variety of changing factors.
HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $94.1 billion for the four fiscal quarters ended Jan. 31, 2007. More information about HP (NYSE: HPQ) is available at http://www.hp.com.
© 2007 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.