How to build business resilence in the Middle East

How to build business resilence in the Middle East

If nothing else, 2020 has been a stark reminder that resilience is critically important for all of us - individuals, businesses, industries and nations.

While some industries have been hit harder than others, organisations who have invested in their people and technology, maintained a strong balance sheet and established and embedded resilient processes have fared better than others.

Key resilience concepts such as business continuity and crisis management have evolved over decades and have been actively embraced by many organisations. However, the recent pandemic shone a light on the challenges with building broader organisational resilience.

Evolving resilience landscape

In order to improve your resilience posture, it is important to have awareness of the landscape in which you operate. A lot of change is being driven by the well known, macro trends such as digitisation. What is less well known is how quickly the day to day risks and threats are evolving and what is required to identify and mitigate these effectively.

Digitisation

The evolving digitisation of business operations is leading to the increase in value of data, reliance on digital assets and a more complex risk landscape. There is a need to regularly review technology risks and implement mitigating controls.

Due to the increasing prevalence of technology,