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Of course we've all heard of the saying "If it ain't broke, why fix it?" And really, to some degree, that saying holds true.
When it comes to technology, though, reality favors the opposite. You might have hardware right now that's a bit old by industry standards but is still working, so there seems to be no need to upgrade or replace it. Sooner or later though, it's going to cause you a lot more trouble than it's worth.
For instance, what if you are in a middle of a major project your hardware breaks down? Hardware manufacturers constantly upgrade their technology, leaving past models behind. This means that the older your hardware is, the harder it will be for you to find support or spare parts when things go wrong. Unless you have a backup plan, this scenario can turn into a big nightmare. And IF (that's a big "if") you can find the replacement parts you need, you'll probably wait for weeks for them to arrive and for the repairs to get done, making you lose precious time and profit.
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Business impact analysis is an often misunderstood component of your business continuity plan—but it doesn't have to be.
First, let's review business continuity planning, which is simply the creation and validation of a plan for how your business will recover critical activities after an extended disruption, such as a disaster.
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