Disruption remains a constant for organizations, with the majority struggling to build resiliency into their operations, according to a survey from Orbus Software. In fact, although 89% of companies have experienced some form of disruption over the last two years, over half of enterprises are struggling to increase resiliency, with 44% lacking a dedicated team.
"With the tsunami of disruption that organizations have experienced, it's clear that operational resiliency needs prioritizing. Without creating agility, businesses leave themselves exposed to the whims of change and can expect their operations to continue to suffer,” says Rupert Colbourne, chief technology officer of Orbus Software.
- In response to the pandemic, digital initiatives have accelerated for the vast majority (83%) of enterprises, with 78% reporting dramatic changes to their business models, including 39% migrating to the cloud and almost half (44%) restructuring their teams during this period. However, despite these strategic shifts, only 36% were able to report business growth.
- Those enterprises that suffered disruption experienced knock-on effects, spanning staff shortages (56%), supply chain issues and increased business costs (48%) coupled with technology costs increasing (44%).
- Looking ahead, 52% of IT decision-makers believe they need to account for regulatory changes, such as digital privacy (37%); digital transformation (35%); cybersecurity threats (35%) and business continuity (31%).