Business continuity trends and challenges: survey results
During the first quarter of 2015 Continuity Central conducted an online survey asking business continuity professionals about their expectations for the rest of 2015.
239 responses were received, with the majority (82.8 percent) being from large organizations (companies with more than 250 employees). The highest percentage of respondents were from the United States (35.6 percent), followed by the UK (24.7 percent). Significant numbers of responses were also received from Australia and New Zealand (6.7 percent), Canada (5.9 percent) and India (4 percent).
The survey asked respondents: ‘What level of changes do you expect to see in the way your organization manages business continuity during 2015?’
Only 14.7 percent of respondents expect no changes in organizational business continuity in 2015. More than half of respondents (52.5 percent) expect to see small changes; and a third (32.8 percent) anticipate large changes in the way their organization manages business continuity.
The respondents expecting to see changes were asked to provide details of the one area that is likely to have the biggest impact on business continuity practices or strategies within their organization. The key trends were:
Respondents were asked to report on ‘the biggest challenge that may hold back business continuity developments within your organization during 2015’. Two major themes emerged:
Other recurring challenges were:
Business continuity spending in 2015
Most organizations are maintaining business continuity spending levels. The survey found that in 7.1 percent of organizations business continuity spending will be ‘much higher’ in 2015 compared to 2014 and will be ‘higher’ in 24.7 percent. 47.7 percent of organizations will maintain business continuity spending at the same level in 2015 as it was in 2014.
Only 16.3 percent of respondents said that organizational business continuity spending would be lower in 2015 than in 2014; and 4.2 percent said that it would be ‘much lower’.
Finally, the survey asked respondents about how their organization’s business continuity team is likely to change in 2015. The vast majority (74.1 percent) said that their business continuity team would remain the same size; 17.6 percent said that it would grow and 8.3 percent said that it would shrink.
•Date: 1st April 2015 • World •Type: Article • Topic: BC statistics