How Digital Resilience Drives Business Resilience
In the technology space, a lack of resilience can be the difference between success and failure. In the age of disruptions such as system failures, cyber-attacks, and other unexpected events, resilience is more critical than ever before.
Nobody truly cares about how much their systems and teams can withstand until their systems have been breached or are under attack. Suddenly, that resilience becomes a top priority, when resiliency should have been ingrained in the company in the first place.
I like to think of resilience strategies like home insurance. You pay a big premium for full protection, but when you never make a claim, you hate the fact that you’re blowing so much money on coverage you’re never using. Yet, if your house burns down, you’d better hope you have a strong policy in place to help you rebuild. Ultimately, a robust resilience strategy not only helps you recover faster but also adapt and build an even stronger home.
While there are many types of resilience, I want to focus on two types that every organization needs: digital resilience and business resilience.
Here’s what these two coverages look like:
Digital Resilience
Digital resilience is the ability to prevent, detect, recover, and respond to events that have the potential to disrupt business processes and services. Digital resilience is foundational to business resilience.
Resilience is not just about technology and leadership principles. It entails an all-encompassing and interconnected strategy that spans SecOps, ITOps and DevOps. This ensures a company can continue operating securely and effectively at any time, even in the face of entire system failures or attacks. These components include:
Business Resilience
But even if you invest in and strengthen your digital resilience, your organization is only as resilient as the sum of its parts. This is exactly why you need to build up your team’s resilience to make your organization stronger as a whole. There are two key principles to ensure your team can come out of any situation more resilient and able to withstand change and challenge:
All this to say, when considering “resilience insurance plans” for your company, look for policies that include all-encompassing digital and business resilience contingencies. Most importantly, don’t wait until your house is burning down to decide it’s time to invest in preventative measures. Resilience strategies aren’t an afterthought; they’re a priority.
High energy tech leader, purveyor of continuous improvement, deep thinker, problem solver. Ex-Moderna, ex-Amazon, ex-Microsoft
2yGreat train of thought, Matt. Might I suggest including 'graceful degradation' in there. Can your core customer experience(s) survive a service faltering, or do all the dominos follow suit in cascading failure.
Startup advisor, tech leader
2yThank you for this post, spot on!
IT Senior Executive | IT Director | Advisory | Strategy | CIO | CTO | Scale up | Startup | Engineering
2yMatt, great comments! Companies must be prepared in two perspectives working in partnership: digital and business. Leaders have an important role in this context.
Thanks for sharing a powerful personal perspective Matt.
Senior Vice President - Sales & Marketing at Jones Dairy Farm
2yMatt, your comments regarding Business Resilience and the principle addressing Talent and soft skills are not considered or questioned often enough and can be a real/significant determinant of success or failure, particularly in this current environment. Well done.