Key Drivers Radically Transforming Business Continuity Management

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Year 2014 will be marked by the increasing dependency on cross-functional and cross-industry collaboration, pooling strengths and exchanging of information and best practices. The increasing prevalence, convergence, and power of technology must be leveraged when it comes to business resilience, disaster planning, preparedness, and recovery efforts. Adopting a technology-enabled approach that can link various associated efforts can take risk management, reputation management and resiliency efforts to the next level. Preparing for a disaster is not something that can be done overnight. It takes months of effort, planning, engaging the right stakeholders, and leveraging the technology that can support better decision making around the strategies and tactics that work when we need them to.

Ingenious. Innovative. Intuitive. Complex. These are a few of the words one might use to describe today's technology landscape. No doubt the last decade – and the last year - has ushered in some of the most advanced and awe-inducing technological feats – from apps, to robots, to delivery drones. Visionary men and women around the globe are leading us bravely into an entirely new technologically advanced world. But as the multitude of devices, advanced systems, and enterprise networks grow in size, scope, and complexity, the potential impact of natural and man-made disasters on individuals and organizations also grows exponentially. Effective disaster recovery planning is increasingly leveraging advanced technologies in a way that supports, strengthens, and streamlines the various processes, policies, and procedures needed to maintain business critical functions following a disruptive event.

In early November 2013, Typhoon Haiyan made landfall, ripping through the Philippines, killing thousands of people, displacing hundreds of thousands of others, and causing billions of dollars in damage. Over the last decade, natural disasters – from Hurricane Katrina, the Japan tsunami and earthquake, the Haiti earthquake – have all occurred with alarming frequency and increasing impact. Typhoon Haiyan is no longer considered the exception. It is not an anomaly, and we can expect to see more disasters of this size, scale, and magnitude in the future.

Overcoming the challenges of today while preparing for tomorrow requires that organizations focus their efforts and resources on three critical areas that will transform business continuity management (BCM) in 2014; gaining a 360-degree view of the interconnected and hyper-extended enterprise and supply chain, reducing time and tolerances for outages, and establishing an integrated BCM, business resilience risk management, security, incident management, and crisis management program.

In this slideshow, Yo Delmar, vice president, GRC Solutions, MetricStream, takes a closer look at the factors that are transforming business continuity management.


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