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Digitalising Business Continuity Management
What impact has the changing threat landscape had on Business Continuity Planning?
As we come through the other side of the pandemic and straight into more business continuity challenges, potentially driven by the Ukraine crisis, we have seen a steady increase in the number of organizations reaching out for support to improve their Business Continuity Programs.
The fact that the majority of organizations are updating their BCM programs is a testament to the dynamic nature of today’s business landscape. A growing number of potential threats, from cyberattacks to supply chain issues to natural disasters, has made effective business continuity planning more important than ever before. If your organization hasn’t implemented actionable ways to improve its business continuity planning, it’s not too late.
Is it time to rethink Business Continuity?
When I think about all the clients I get to work with – developing and supporting them with business continuity – in combination with the industry trends I currently see – it’s hard not to imagine a world where they can be brought together through digital. With that in mind and considering the obstacles and challenges facing organizations today, one could ask how it might look if it were digitalised. So, let’s explore a little.
The digital advantage in a crisis
Digitalising Business Continuity Planning
Three big wins with digital
As businesses digitalise many of their operations, business continuity must keep pace with the rest of the business. If I were to summarise why digitalising business continuity is a must moving forward for organizations it’s because it offers three considerable outcomes:
- Much of the business continuity planning can act as the predetermined response to a particular crisis.
- A single business impact analysis can be filtered and then used to inform situational awareness in a crisis.
- There can be a direct link between business continuity management systems and a crisis management response
If you recognise some or all of these issues and obstacles in your organization and would like to get support to resolve them, we can help. If you are considering how to move forward with digitalisation, we have the optimal tool covering BCM that can be extended to include the entire organizational resilience scope.