Optimization strategy for disaster recovery

Author

Wiboonrat, Montri ; Kosavisutte, Kitti

Author_Institution

Grad. Sch. of Inf. Technol., Assumption Univ., Bangkok

fYear

2008

fDate

21-24 Sept. 2008

Firstpage

675

Lastpage

680

Abstract

These Accuracy, availability, security, and updating of financial records are crucial for banking business services. The importance of 24times365 hour service availability with accurate and secured data is the resolution for business competitive advantages. Choosing the right IT contingency planning (ITCP) for disaster recovery (DR) insures business continuity and optimizes banking investment. This research investigates the imperative fundamental requirements of each banking business unit and addresses the mapping of business criticality to DR readiness by assessing recovery time objective (RTO) and recovery point objective (RPO) to guarantee business continuity under a maximum tolerable period of disruption (MTPD). The DR strategy model proposes optimization strategy for choosing the right pattern of disaster recovery solution for each business unit requirement.

Keywords

banking; business continuity; optimisation; risk management; security of data; strategic planning; IT contingency planning; banking business services; business continuity; data security; disaster recovery; financial records accuracy; financial records availability; financial records security; optimization strategy; recovery point objective; recovery time objective; Availability; Banking; Business continuity; Data security; Information analysis; Information security; Information technology; Process planning; Strategic planning; Technology planning; Business Impact Analysis (BIA); Disaster Recovery (DR); Information Technology Contingency Planning (ITCP); and Business Continuity Plans (BCP);

fLanguage

English

Publisher

ieee

Conference_Titel

Management of Innovation and Technology, 2008. ICMIT 2008. 4th IEEE International Conference on

Conference_Location

Bangkok

Print_ISBN

978-1-4244-2329-3

Electronic_ISBN

978-1-4244-2330-9

Type

conf

DOI

10.1109/ICMIT.2008.4654446

Filename

4654446