Unpredictability and unpredictable events can pose a significant risk to your business continuity. One recent study by company QBE suggests that 4 in 5 business have been impacted by unpredictability in the past 10 years, with economic events having the biggest impact.

Today we are seeing more unpredictability within many arenas such as the political world – take events such as Brexit, and the climate – flooding and extreme temperatures are becoming more and more common.

Whilst there is little that we can do to influence macro risk factors, businesses can use data to assist them in an unpredictable world. The ability to capture and interpret data sets is likely to give you a deeper insight into the types of risks that your business could face.

This article looks at how data is increasingly being used to understand risk and the way businesses are looking to harness the power of data.

Whether your business is making use of data at this stage or not, a key area that you do need to give consideration to is having a level of recognition of the potential risks that you may face. Carrying out a thorough risk analysis will be critical. Once you have a handle on the risks you need to be aware of, you can then work to ensure that you have robust disaster recovery and business continuity plans in place. These will ensure that, if disaster does strike you will have the capacity to respond quickly and minimise the impact on the continuity of your business and ultimately your businesses ability to recover and succeed.

First Recovery are specialists in the area of disaster recovery and can offer expert support when you need it most. Get in touch with us today to see how we can help assure your business continuity.