BUSINESS CONTINUITY CONVENTION 2020
Business continuity is not limited to IT
Power failure, flood, fire, act of terrorism, technical malfunctions or simply human error: the slightest disaster in a company has an immediate and catastrophic consequences, not only
in financial terms but also in terms of reputation. However, management still too often believes that only IT needs to be protected, yet, business continuity requires the implementation of a global corporate plan.
A few figures are enough to illustrate the magnitude of the problem: 20% of companies have already experienced serious computer problems resulting in data loss; 50% of a company’s data is stored locally, without external backup; 93% of companies with significant data loss disappear within 5 years; after an unavailability of 8 hours the part of the market share lost is not regained before 3 years; and a downtime of 6 hours has consequences on the company for 12 months.
As the modern business is always more connected whether it is with its suppliers, customers or employees, IT obviously plays a role always more crucial. Hence the implementation of data protection, backup and recovery solutions as well as continuity guarantee for IT platforms (backup power, generators, split power supply, etc.), the cloud being the ultimate solution.
However, limiting business continuity to IT solutions would be reductive. Indeed, we must involve the entire organization to develop a continuity plan providing for all possible scenarios of failure (in the broadest sense of the term). IT will obviously play a central role, but it will be necessary to map the vital processes of the organization and integrate them into a global plan, including staff. Once formalized, this plan will have to be regularly confronted with the reality and updated if necessary - in order to follow the evolution of the activity.
As it can be seen, a BCP (Business Continuity Plan) goes well beyond IT infrastructure to encompass all of the organization’s resources. It will therefore cover all the means to be implemented to ensure the maintenance of operations.
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New event: Business Continuity
Cercle de Wallonie in Namur
March 12, 2020
You are interested to come and talk at our event? Business continuity passionates you and you want to share your knowledge with our audience?
Do not hesitate to contact us for any additional information.