The graphical representation highlights the top 10 statistics to help you recognize the importance of implementing or improving resilience in your organization. It is clear from the infographic that companies whether small, medium, or large must pay heavy prices if they do not have business continuity, crisis management, disaster recovery, or incident management plan in place. Now more than ever the business ecosystem is indefinite, especially during the pandemic where close to 100,000 small firms were permanently closed.
Pandemic isn’t the only threat that is keeping business leaders and decision-makers up at night. There is climate change, internal data leakage threats, loss of infrastructure, and cyber-attacks, to name a few that can cause disruptions to your operations. As highlighted in the graphic, a minute of downtime costs around $1,467, meaning downtimes have become non-affordable.
You can neither predict the future nor can you stop a disaster, but you can enhance your ability to respond swiftly and shift in the changing landscape. AutoBCM NextGen brings 3 key factors indispensable for handling and recovering from a crisis – speed, intuitive usability, and automation.
The all-inclusive, SaaS business continuity management software always keeps your business conscientious with early warning and notifications, automatic detection of threats, process scope, and action plans to mitigate its consequences, automated workflows, live monitoring, and real-time maintenance & reporting. To know more, contact us.