Options for maintaining redundant facilities for a disaster recovery site are typically expensive. A significantly less expensive strategy is for two institutions to partner up and in essence be each other's backup facility. The potential is certainly there, but first a partner needs to be found and a significant co-operative relationship needs to be built.
How This Can Save Money
By partnering, two institutions can save on the costs of building or leasing facilities for remote hot sites where critical applications and replicated data are hosted for disaster recovery. In the partnership, each pays for the other to expand their current capacity to be available for hot site failover.
