Adapting to the Evolving Business Continuity Landscape
In the past, business continuity plans (BCPs) were written and forgotten about, left to collect dust on a shelf. This not only made it difficult to access them during an emergency but also meant that they were rarely updated to reflect current challenges and regulations. However, now organizations are feeling the negative effects: employees and staff are not trained on what to do during an incident, they're having trouble communicating the next steps with employees and staff, and they are experiencing slow recovery times to resume operations following an incident.
With an end-to-end business continuity solution, businesses can recover four times faster than without such a solution. When the average hourly downtime cost of servers can be between $300,000-400,000, recovery can't be quick enough. In terms of natural disasters, billion-dollar disaster events during 2020 cost $95 billion in damages and untold hours in downtime. Cyberattacks, supply chain disruptions, and more add to the ongoing challenges of maintaining operations.
In this webinar, we take a closer look at how the business continuity process has evolved from manual to automated, how organizations have benefited from this progression, and why your organization should implement a software solution to stay up to date with industry best practices and to ensure the safety of your people and continuity of operations.