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It focused on identifying the most critical business processes and developing plans to keep those processes going or quickly restore them in the event of an outage. The end of the 20 th century saw the increasing importance of IT, the rise of globalization, and preparations for the potential disruptions of the Y2K bug.
Risk can never be eliminated but it can be mitigated. Enterprise Risk Management is the activity of identifying and mitigating the hazards that threaten an organization (definition from Strong Language: The MHA Glossary of Essential Business Continuity Terminology , available for free download with registration).
In addition, about half of respondents indicated they aren’t proactively mitigating risk, yet only 38 percent say their current risk management strategies are effectively measured or optimized today. Without this, the tendency is for departments to operate in separate silos and tackle risk in a disjointed, ad-hoc fashion.
In addition to the more obvious alarm and object recognition tasks, the security industry can apply this through a focus on what’s missing and augment the security response, mitigation and design process so we’re working alongside tech instead of fearing replacement. Use Case: Retail.
Enterprise customers will continue to recognize that enhancing on-premise storage hardware presents the faster path to mitigating rising cloud expenses. While there will be consolidation around the cloud, most organizations will continue to maintain a combination of public cloud and on prem platforms, resulting in a hybrid environment.”
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