Top Ten Business Concerns
Last month, the Business Continuity Institute (BCI), in association with the BSI, released their latest poll of business concerns.
The annual BCI Horizon Scan polled 760 businesses across 72 countries in order to understand businesses biggest concerns in 2015. IT concerns comprise the top 3 of the list ahead of things such as human illness, fire and acts of terrorism. For the first time since the poll started, cyber attack has polled as the biggest threat to business continuity – which really shows the changing nature in the way business is conducted in a truly global market.
Here’s the top 10 concerns:
- Cyber Attack (up 1 from last year)
- Unplanned IT and Telecoms Outages (-1)
- Data Breach (-)
- Interruption to Utility Supply (+1)
- Supply Chain Disruption (+11)
- Security Incidents (+1)
- Adverse Weather (-3)
- Human Illness (+3)
- Fire (-3)
- Acts of Terrorism (-1)
What strikes me is that even the ones which aren’t IT related (such as Fire and Adverse Weather Conditions) can be mitigated through good IT solutions. For example, I recently blogged about a client of ours who was not adversely affected by the recent Holborn fire in London as a result of their recent SAP ByD roll out. During winter, I watched queues of cars making their way into the city through mountains of snow, while I sat in my slippers writing a blog about any number of work related objectives I had already managed to achieve just by logging into NetSuite from my front room. I have even covered the data security breach following the Sony Cyber Attack.
Some of these are very complex issues which relate to disruptive events, changing global political climates and complex virtual landscapes. I’m not saying that cloud or SaaS is a panacea, but if you are a SME operating in the UK and share some of these concerns, then it certainly goes some way to mitigating the risks. What’s for certain is that failing to plan for any of these risks is planning to fail.
To talk to some people about how you can mitigate some of these risks get in touch
Written by Emma Stewart – Sales & Marketing Director Cofficient