Intelligent CIO Europe Issue 22 | Page 39

////////////////////////// C ompanies today are exposed to an increasingly complex array of risks, threats and uncertainties which are only expected to accelerate in the years to come. Whether driven by technological developments, cybersecurity threats, data privacy concerns, or natural disasters, coping with accelerating change and the evolving threat landscape is no longer a business advantage, it’s a business necessity. Digital Transformation, meanwhile, is accelerating expectations of pace and availability among end-users. The demand for always-on services to run and be available without fail 24/7 has created a series of resilience imperatives that companies and the data centres supporting them, must account for. In order to better understand the challenges companies face from unexpected disruptions, their impact on organisations and how companies are preparing to handle them, we surveyed business leaders across the UK. Our findings reflect a C-suite faced with a delicate balancing act in times of increasing technological and operational disruption. The financial and reputational impact of disruption The financial impact of technology disruptions in businesses today is clear, with UK respondents providing insights into the losses they have experienced annually due to downtime. The leaders we surveyed reported an average loss of £1.4 million annually, with almost half (48%) stating technology expenditure had increased. Much of this increased expenditure will no doubt be attributed to data centres and the associated infrastructure, which sits at the very heart of business operations for most companies today. As well as the costs associated with having to repair what’s gone wrong and restore operations, the business leaders surveyed also understood the impact any break in service could have on customer loyalty and retention. www.intelligentcio.com Chris Huggett, Senior Vice President UK and India, Sungard Availability Services In the UK, 72% agreed that their customers are more likely to seek a new supplier if they suffer a data breach or IT downtime. The same amount agreed customers are likely to walk away if they do not have a disaster recovery process in place. Today, if an organisation cannot demonstrate that good data protection is a cornerstone of its business policy and practices, it is open to enforcement action that can damage both public reputation and the bottom line. Top executives can also incur personal financial losses, such as forfeited bonuses; and more disconcerting, some have even been forced to step down following public outcry surrounding crises. A robust resilience strategy should address three core elements for an organisation: being safe, being available and being agile. Disruption doesn’t only occur when IT infrastructure and operations are interrupted. Changes like a merger or acquisition can also pose challenges to the smooth running of IT and business services. Resilience requires putting the right processes, tools and technologies in place to protect businesses from the scale and scope of any interruptions. In addition, a INTELLIGENTCIO 39