Whether it was a fire that brought a halt to a bustling city centre, structural damage to a bridge that diverted 80,000 commuters daily or a 106-mph storm that disrupted 130 flights, the last 12 months had its share of incidents that kept businesses on their toes and put their revenue at risk.
As part of the Business Continuity Institute’s Business Continuity Awareness Week (BCAW) 2016, managed service provider IT Specialists (ITS) put together research on some of the threats to business continuity over the last 12 months.
BCAW, which runs from May 16 to 20, is intended to raise awareness about business continuity and resilience following both high-profile and smaller incidents that threaten businesses. As a managed service provider, ITS offers a number of services that protect its clients in the face of major upheaval, including business continuity, IT support, field service and outsourced service desk.
It compiled this research to help businesses understand the types of incidents that could affect them. Without thorough business continuity, there is a risk of negative consequences such as lost inventory, reduced productivity due to employees being unable to work remotely, property damage and the all-important revenue loss, the firm says.
Matt Kingswood, UK head of ITS, said: “Investing in forward planning can save valuable time, protect the organisation’s revenue and preserve its customer base. We urge businesses to formulate a business continuity programme to identify inefficient processes that cost the organisation money on a daily basis and can prove a barrier to disaster recovery.”
For a paper on how BC (business continuity) delivers return on investment, visit the BCI website.
And for details for London businesses on the Cross Sector Safety and Security Communications mechanism (CSSC), on the London Prepared site, visit http://www.london.gov.uk/about-us/organisations-we-work/london-prepared/preparing-your-business.
