Business Resilience Explained
Why is business resilience a priority?
The risk of business disruption is always present. But recent events—namely the global health crisis—have led to a renewed and intensified focus on business resilience for organizations across the globe. Business leaders and IT decision-makers now recognize that the unexpected can happen and should be planned for accordingly.
A prescriptive and reactive approach has long been the foundation of business continuity. But to successfully navigate future disruptions, business leaders will need to adopt a new mindset—one that emphasizes the IT agility needed to achieve business resilience.
What is business resilience vs. business continuity?
Business continuity is the capability of an organization to deliver products and services within acceptable timeframes at predefined capacity during a disruption. A business continuity plan is documented information that guides an organization to respond to a disruption.
Business resilience is an organization's ability to absorb stress, recover critical functionality, and thrive in altered circumstances. In short, it positions organizations to prepare for anything.
Traditionally, business resilience was IT-focused. It meant ensuring that applications and data would remain available and secure during a disruptive event such as a cyber attack—provided the disruption lasted only hours or days and affected facilities or workers in just one region.
Now business resiliency needs to be about more than just protecting a company's IT operations. Organizations must be able to adapt operations in response to continuous change as well as major events and continue to thrive.
Until recently, few businesses had business resilience or business continuity plans for global events that would last for months, result in extended travel shutdowns, and prompt lasting changes to how a company operates and where its employees work.