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This document discusses business continuity and its return on investment. It notes that the average cost of a data breach is $11.6 million annually and an IT outage can cost up to $14.25 million over 24 months. While only 24% of organizations will see a budget increase, all but 4 of 29 threats showed increasing concern. The document recommends framing business continuity as a business enabler and identifying how it provides reliability, efficiency, and adaptability to help organizations reduce insurance costs, win contracts, and adapt to changing conditions.
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Bccp Bccm Noah Bcaw 3 24 10
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Video business continuity planning and disaster recovery
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https://youtu.be/DfZNCH30UqI
https://www.youtube.com/watch?v=HKD2qotq4WA#action=share
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Εταιρική Παρουσίαση:
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- 1. 5 Key Takeaways: Business continuity’s return on investment Patrick Alcantara DBCI Senior Research Associate Business Continuity Institute (BCI) Andrew Scott CBCI Senior Communications Manager Business Continuity Institute (BCI)
- 2. • BCAW2014 themed ‘Counting the cost’. • This explored the costs of not having an effective business continuity programme in place.
- 3. • The average cost of data breach and cyber attacks stands at an average of US$11.6 million annually. • The cost of an IT/telecoms outage can be up to US$14.25 million over 24 months. • Insurance payouts for weather- related damage in the United States alone cost US$12.8 billion in 2013.
- 5. • Only 24% of organizations will experience a budget increase. • All but 4 of the 29 threats showed an increasing level of concern.
- 6. • BCAW2016 is about highlighting the positive impact of business continuity
- 7. Identify challenges to articulating business continuity’s return on investment Explore how business continuity provides organizations a return on investment Recommend strategies to highlight that return on investment to one’s organization Today’s agenda
- 8. 1 It is challenging to qualify and quantify BC’s return on investment but seeing our function as a ‘business enabler’ can offer clues on where to start.
- 9. 2 Business continuity is an indicator of a high level of preparedness, good crisis management and reliability which may help organizations reduce insurance premiums.
- 10. 3 Business continuity helps organizations become more efficient, agile and adaptable to changing market conditions.
- 11. 4 Business continuity demonstrates organizational reliability which may prove handy in negotiating contracts and responding to tenders.
- 12. 5 Framing a positive case for BC may involve using metrics such as possible insurance savings, reduction of more expensive workarounds, value of new contracts and tenders which require evidence of reliability/BC planning, etc.
- 13. 0118 3723079 patrick.alcantara@thebci.org http://uk.linkedin.com/in/patrickalcantara/en Patrick Alcantara DBCI 0118 9478241 andrew.scott@thebci.org https://uk.linkedin.com/in/andrewcolinscott @andrewthescot Andrew Scott CBCI