Redefining Resilience: If you cannot Quantify, You cannot Qualify
Wed, Aug 30, 2023 2:00 PM – 3:00 PM EDT
Without proving the actual financial impact to the top and bottom line of an incident, teams struggle to get buy-in, funding, and the capabilities required. People churn and processes constantly change-even as vendors and technologies update for key applications. Teams must have the ability to monitor, drill anytime at the touch of a button, execute with automation, and produce real-time reporting able to show hard dollar impact and answer any audit coming from an increasingly demanding regulatory body.
Missing this ability, teams craft ‘continuity plans’-point-in-time documentation which is not dynamic and does not deliver real-time understanding of the changes constantly taking place across various systems and locations. Costly manual drills take place using conference calls and texts, when in reality those key people are rarely available in a true emergency situation.
Quantifying financial impact while proving mitigation and readiness at any point in time across people, processes, and technology is the way to fund your journey to True Resilience while reducing RTO by an average of 80% and operating costs by 50% or more.