5 key business benefits of standby databases

5 key business benefits of standby databases

Aug 4, 2014

 

Oracle standby databases are disaster recovery solutions that allow businesses to continue operating key business processes when a primary database fails.

A standby database is a 100 per cent binary copy of the original system, enabling companies to swiftly switch to a working database when problems arise.

There are a number of business benefits to having fast disaster recovery capabilities, some obvious and others less so. Here are five key advantages of investing in standby database technologies for your core Oracle systems.

1. Minimize revenue losses
When crucial databases fail, there is likely to be a significant impact on service provision across various parts of your organization. Customers may be unable to complete orders online, deliveries can be delayed and employees are likely to be prevented from accessing important information.

Standby databases can remove these headaches by eliminating downtime and having business processes up and running as quickly as possible. This will reduce both immediate and future revenue losses.

2. Boost employee confidence
Employees require reliable, state-of-the-art database technology to underpin their day-to-day tasks. If your systems are regularly failing, this will lead to poor morale, low productivity and frustration for staff - especially if they also have to deal angry customers.

Ultimately, maintaining full operational capacity 100 per cent of the time is likely to boost staff attraction and retention capabilities over the long term.

3. Improve industry reputation
Failing to adequately recover from a disaster can cause lasting - even permanent - damage to a company's reputation among customers, suppliers and partners.

Conversely, businesses that are shown to have a comprehensive plan against unforeseen circumstances might be able to make the most out of a crisis.

For example, organizations may actually improve their reputation if they recover particularly quickly from a natural disaster that shuts down competitors' systems too.

4. Limit stock market and credit rating impact
Some system failures could have a significant effect on a company's stock market performance or credit rating, particularly if the organization is seen to be at fault for any reason.

This could be due to internal errors, outdated infrastructure or poor protection from malicious cyber attacks.

However, standby databases can help minimize downtime to a point where there is likely to be a negligible impact on the company's long-term financial outlook.

5. Lower insurance costs
Businesses that convince insurers they have a sophisticated disaster recovery plan can enjoy considerable reductions on insurance costs.

Standby databases, in conjunction with other measures, show organizations take the protection of their mission-critical data and systems seriously. 

Insurers are therefore likely to consider your business less of a risk and provide lower premiums accordingly. These savings will only increase year on year as disasters are dealt with quickly and efficiently.

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