The needs of business today require a technology infrastructure built for resilience. BIC has built the facility, assembled the staff and established the technology partnerships to create and deliver highly available solutions to address these for nearly a decade.
Provisioning these solutions, all from one provider eliminates complexity thereby lowering costs. BIC provides these types of services to many Caribbean-based businesses; giving them peace of mind, everyday.
Business Continuity is a relatively new term that is often thought of as another way to say ‘disaster recovery’, but in reality means much more. Business Continuity represents the uninterrupted provision of operation and services. A service that is continuously available must be able to tolerate virtually any cause of failure. Severe weather, physical and cyber attacks, or strained infrastructures may cause failures at your primary site.
For this reason, the United States government agencies have developed guidelines for their financial institutions which provide worldwide industry best practices.
The Cayman Islands are fortunate in that they have the capability to offer the infrastructure to support both primary and secondary sites within the same legal jurisdiction. In fact, the topology of the three islands provides the Cayman Islands the ability to differentiate its world class financial centre in this area.
The three distinct islands with separate utilities and public services, one (Cayman Brac) with a natural bluff of 140 foot elevation and dual undersea fiber connectivity is the foundation for a world class business continuity infrastructure.
While catastrophic outages, such as hurricanes, bring the need for business continuity to the forefront because the impact is widespread, the reality is that businesses are dealing with the negative impact of unplanned downtime on a routine basis. These more prevalent outages are actually the biggest threat to organisational resiliency and represent significant losses. It is for this reason that BIC’s services span not only those required to sustain operations throughout the devastating effects of a natural disaster, but also solutions to the challenges that companies face day in and day out.
The days when a daily tape backup provided adequate protection for a business’s critical processes, are long gone. Regulatory compliance requires availability of historical data. Employees, clients and business partners require access to information on a 24x7x365 basis. This leaves little room for system downtime or for the risks of faulty tapes. This means that companies need services such as secure, real-time, remote disk to disk backup and restoration of data.