The article discusses the importance of imagination in business continuity and resilience planning, emphasizing that unanticipated threats, or “black swans,” can pose significant risks. It outlines potential future disruptions, such as quantum cyberattacks and AI malfunctions, and suggests fostering creativity, scenario testing, and adaptive resilience to prepare for the unforeseen.
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.
Tabletop exercises are critical to prepare businesses for crises. They involve team leaders rehearsing disaster scenarios to improve crisis handling, communication, and uncover gaps in plans. A step-by-step guide includes setting objectives, crafting realistic scenarios, involving key personnel, facilitating discussions, and reviewing feedback. Regular exercises enhance preparedness and business resilience.
Business disruptions are inevitable, but a solid business continuity plan (BCP) can ensure your company isn’t part of the 25% that never recover post-disaster. This blog highlights how ChatGPT can assist in creating and enhancing a BCP by providing strategy frameworks, risk assessments, impact analyses, crisis communication drafts, and testing scenarios, making the planning process faster and more comprehensive.
The recent Crowdstrike outage is a wake-up call for many businesses. Currently being dubbed as the largest IT outage ever, the true impacts will unfold over time. However, one thing is certain: many businesses were caught ill-prepared and have senior leaders asking why their business continuity plans didn’t work, or at the very least why …
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