Businesses need to find a balance to stay safe during incidents.

Account for risk with business continuity

Stephen Perkins

Business continuity means accounting for whatever unknowns may happen by keeping data backup and security in place. Business professional Geary Sikich wrote on Continuity Central that rather than modeling the probabilities of risks that may happen, organizations should assess the capacity and capability of the company to be able to withstand what happens when a risk pops up. 

"Too much information results in too much stress, potentially leading to flawed decisions and/or decision paralysis. We are not made to understand the point so we overreact emotionally to noise," he wrote. "We are living more and more in virtual reality separated from the real world, while realizing it less and less. We mistake the absence of evidence of a risk, threat, etc. for evidence of absence that the risk, threat, etc., exists."

Sikich said having targeted flexibility by being prepared for everything rather than specific events will allow organizations to respond more easily. This means less forecasting and more early warnings that will give responses when certain "unknown unknowns" pop up.

AccountingWEB said organizations should look to implement disaster recovery with cloud or online data backup to be sure even if a problem hits the business, there will still be backup servers and ways to respond to problems.

Categories: Data Management