The BCI is happy to launch its A Year within the World of Resilience Report 2023. This report explores the important thing themes seen throughout the resilience sector this 12 months, which have been picked up and analysed in BCI analysis stories all through 2023. It additionally appears forward in the direction of the shifting priorities for 2024.

The report varieties conclusions from analysis findings from BCI stories which have been printed all through 2023, along with survey responses and structured interviews with senior resilience professionals to offer a assessment of the 12 months, in addition to subjects to contemplate for 2024.

Key areas explored within the report:

• The present strategic priorities for high administration
• What did practitioners see in 2023 and anticipate for 2024?
• Is enterprise continuity and resilience able to embrace synthetic intelligence (AI)?
• The altering attitudes in the direction of commonplace enterprise continuity practices
• What are the spending priorities for subsequent 12 months in enterprise continuity and resilience?

Shifting strategic priorities 

For practitioners, getting the help of senior management on essential points is a key a part of the puzzle when constructing resilience, as it could result in elevated sources and a rising appreciation for the problem all through the group. The BCI: A Year within the World of Resilience Report 2023 reveals that cyber resilience is the highest strategic concern for senior administration, with respondents sharing how they anticipate to see this translated into elevated sources and spending in 2024. 

However, the shifting priorities of senior management signifies that some issues have dropped down the desk when it comes to significance. Resources for provide chain resilience, for instance, have waned after the elevated consideration seen all through the COVID-19 pandemic. Survey respondents additionally highlighted the variety of provide chain disruptions seen this 12 months and anticipated subsequent 12 months, notably on account of international conflicts. Therefore, practitioners shall be eager to see that the teachings discovered from the pandemic proceed to be acted upon; and a mindset of steady enchancment is fostered. 

How is rising know-how altering enterprise continuity and resilience?

The position of AI has been a key theme in BCI analysis this 12 months, and this new report has highlighted the complicated position of AI in enterprise continuity and resilience settings. For these organizations embracing it, AI has the flexibility to automate and help processes just like the enterprise influence evaluation (BIA) in addition to supporting coaching and exercising by offering a better vary and depth of situations. However, warning continues to be very a lot current, as most survey respondents have been eager to emphasize the significance of retaining a human component in these processes.

Respondents additionally mentioned the need of introducing guardrails in order that the know-how can be utilized responsibly. For now, regulation would be the watchword for a lot of organizations, with some organizations ready to see if upcoming laws will mitigate the danger of introducing this  rising know-how into their operations. With 39.6% of organizations anticipated to extend spending in AI subsequent 12 months, that is an space that shall be watched with some anticipation.

Reinforcing human resilience

Another key component explored all through the report is the underlying significance of the human elements of resilience. Throughout this 12 months’s BCI analysis, findings have proven the extreme impacts of human sickness on international provide chains, the position of human error in cyber resilience, and the results of a lack of expertise and expertise for organizations. This report serves to strengthen this important side of resilience, to stress that this isn’t misplaced when contemplating the broader threat and menace panorama, and to showcase what organizations are doing to keep up a concentrate on human resilience. 

This report has been sponsored by Riskonnect.

Download A Year within the World of Resilience Report 2023