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To protect their organizations from negative impacts, leaders must prioritize the development of a business continuity plan (BCP). With so much reliance on electricity and computers, one outage can wreak havoc on your processes. How you will rapidly identify and remediate IT outages and disruptions. Everbridge can help.
With so much advertising and market saturation, it is very expensive to win a new customer to your solution; it is much cheaper to keep your existing customers happy. For every eight hours of down time, you lose one half of a percentage point of market share (0.5%) , and it takes three years to win that market share back!
Can you afford BCP? Or can you afford NOT to BCP?? With so much advertising and market saturation, it is very expensive to win a new customer to your solution; it is much cheaper to keep your existing customers happy. We calculated how much direct salary money they were losing with the power outages. In a word: Yes.
The danger is that it’s all too easy to make the development of a business continuity plan (BCP) a one-off event, a tick-box exercise that sees the resulting plan filed away in a drawer (literally or virtually) and not referred to again until it’s needed. What is a Business Continuity Plan (BCP)? What Should a BCP Contain?
In contrast, a holistic Enterprise Resiliency program encompasses proactive strategies, continuous improvement, and embedded organizational agility, ensuring that organizations can maintain their mission-critical operations regardless of shifting market conditions or unforeseen disruptions.
The attack also caused the COVID-19 vaccine portal to go offline and induced IT outages at five major hospitals, including Children’s Health Ireland. A BCP plan could have saved the hospital network by ensuring data processes and transactions had redundancies so that the hospital network wouldn’t be forced to completely shut down operations.
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