BCI Horizon Scan Report 2019
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As the BCI Good Practice Guidelines 2018 notes, ‘Horizon scanning is used to monitor and identify potential threats to an organization and considers longer term change and underlying trends.’ The 2019 BCI Horizon Scan Report draws on the input of 569 global professionals to shine a light on the disruptive forces that they anticipate in 2019 and reveal how they are preparing their organizations to meet the challenge. This is the eighth year that the BCI has published the Report, with our long-term partner, BSI. The Horizon Scan has become one of the BCI’s most popular and anticipated reports and we thank BSI for their continued support.
Excerpt from the Foreword:
Following a year of many notable disruptions – particularly with respect to adverse weather, political instability and data breaches – it’s interesting to reflect on the results of this report and the financial implications of the disruptions.
IT and telecom outages, health and safety incidents and lack of talent/ key skills were rated three of the most significant disruptions in 2018, highlighting the importance of people to business success.
Health and safety incidents were not only the most prevalent, but also the costliest risk, yet in terms of impact were perceived as relatively low. However, organizations should be mindful; if the frequency increases, the impact on your bottom line can be detrimental. Organizations that do not take all threats they face seriously, and develop plans to manage them, are exposing themselves to not only reputational loss but financial costs that affect your bottom line.
The BCI Horizon Scan Report 2019 report presents findings on near and long-term business threats. The report has become a valuable resource to professionals working to build business continuity and Organizational Resilience. This has been demonstrated with 70% of respondents confirming that they use external reports such as the horizon scan as a risk and threat assessment tool.