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Emerging Trends in Business Continuity in 2024

In 2024, effective business continuity is crucial for survival, with over 70% of unprepared companies failing after significant disruptions. Key trends include AI for risk monitoring, cultivating a resilient culture, enhancing supply chain visibility, improving cyber resilience, adapting to remote work, integrating ESG, refining crisis communication, and implementing scenario-based training.

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The Rise of AI-Driven Software: A New Threat to Business Continuity

AI promises transformative changes for businesses, but most are unprepared for associated risks. Parallels are drawn to past issues with MS Access databases—critical yet poorly managed systems. To avoid similar problems with AI, companies must integrate AI under IT governance, document thoroughly, train staff broadly, develop AI-specific business continuity plans, and test recovery protocols.