Remove Mitigation Remove Outage Remove Scenario Planning
article thumbnail

Business Continuity vs. Disaster Recovery: What’s the Difference?

Pure Storage

When a hurricane leads to widespread power outages, flooding, and workforce disruption, for example, an effective disaster recovery plan ensures that IT systems remain up and running and that operations can come back online as soon as possible. The primary objective is a rapid return to normalcy while minimizing losses.

article thumbnail

Business Continuity vs. Disaster Recovery: What’s the Difference?

Pure Storage

When a regional storm makes travel difficult and causes short-term power outages, for example, an effective business continuity plan will have already laid out the potential impact, measures to mitigate associated problems, and a strategy for communicating with employees, vendors, customers, and other stakeholders.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dynamic Risks: Working Definitions and Implications for Risk Management Teams

On Solve

But nearly a full day after the tornado, power outages and gas leaks were causing new evacuations , and the staff shortage continued into the following week.”. As a director of Enterprise Risk Management, the author was planning for a large, new water project in Eastern Congo. Previously, a massive volcano eruption had occurred nearby.

article thumbnail

The Future of Business Continuity: Innovations and Emerging Technologies

Erwood Group

Application: Predictive analytics enables organizations to rapidly assess risks and proactively implement measures to mitigate the impact of potential disruptions. AR for Simulation and Scenario Planning: Current Use: Some crisis management training incorporates simulation, and AR could enhance the realism of these exercises.

article thumbnail

Building resilient organizations in an era of climate change

everbridge

For instance, how would a prolonged drought affect supply chains, and what measures can mitigate those impacts? These assessments provide the foundation for informed decision-making and proactive planning. Embrace scenario planning Scenario planning allows organizations to prepare for multiple potential futures.