Tag: operational resilience

The 2024 Cybersecurity Readiness Index reveals a decline in South African businesses’ preparedness for cyberattacks. According to the released index, just 5% of companies in South Africa have ranked at the "mature" level of readiness which is needed to be resilient against modern cybersecurity risks, down by 19% year-on-year.

Having a backup plan is a given not a nice-to-have. Whether you are automatically archiving historical client data or testing a new cybersecurity strategy, backup planning helps to keep the business running smoothly. However, simply being prepared is not enough – your business must be resilient.

Legacy and cloud-native tech can complement each other for a more productive business and happier customers. For financial services firms and insurers, the customer relationship is built on trust earned over many years. In turn, these businesses have to be able to trust their foundational IT systems to deliver the requisite uptime, performance, and security.

Virtualisation in the cloud and the advancement of internet-connected devices have made running industrial systems much more manageable. However, these technologies are also introducing operational environments to new vulnerabilities and risks.

Cloud adoption, including hybrid and multi-cloud adoption is expanding fast among both private and public sector organisations of all sizes. At the enterprise level, we estimate that two-thirds of companies globally already use multiple clouds.

Financial institutions are spending, on average, 14% of annual operating costs on change management functions in order to drive greater productivity gains, a new study has shown. According to our report, 'Productivity 2021 and beyond: Upskilling the workforce of the future to create a competitive advantage in financial services', more than one in four firms are spending more than 20% of their operating costs on change programmes.

The oil and gas industry are no stranger to supply and demand shocks, having faced more than a dozen such blows over the course of the past four decades. Most of the supply side blows were the result of sudden supply pullbacks in reaction to geopolitical unrest.