Business First Aid

Having a data recovery and business continuity plan ready for activation following a disruptive event—localized building fires and floods as well as widespread disasters—can minimize down time and allow companies to collect rent, execute leases and perform other essential functions virtually uninterrupted.Real estate companies wishing to shield their databases from the most crippling effects of a disaster have a couple of options: They can host their critical operating data themselves, which means acquiring and maintaining the necessary IT, network security, and disaster recovery infrastructure. Or they can spare themselves this burden and concentrate on their core real estate business by choosing a software provider that offers application service provider, or ASP, hosting for the application and database. As part of implementing a business system, this is a cost-effective approach that takes advantage of economies of scale, and because the system network is remote and managed by the service provider, it guarantees that data and operations will remain secure when disaster strikes.Even firms that prefer to self host can enlist their software provider for disaster recovery purposes if the provider offers ASP hosting. This involves replicating user accounts to the provider’s central data center via file transfer protocol. Data can be backed up as often as every day. In an emergency, the company could be back up and running within 24 hours.A solid data backup plan pays off in peace of mind. Companies can seamlessly mesh their disaster recovery plan with everyday operations, unnoticed both internally and among clients. An effective disaster recovery plan can gird a business against permanent loss, making possible a swift recovery that will allow the business to get back on its feet and maintain service to clients.Richard Malpica is vice president & general manager of the Eastern region for Yardi Systems.