eHDF shares BCM survey results at GITEX
eHosting DataFort reveals findings of its third Middle East Business Continuity Management Survey
eHosting DataFort (eHDF) has used GITEX TECHNOLOGY WEEK to reveal the results of the third Middle East Business Continuity Management (BCM) Survey across the Middle East. Conducted in partnership with Continuity and Resilience (CORE), the Business Continuity Institute (BCI) and DNV GL Business Assurance, the survey reveals that 26% of the respondents do not have a dedicated BCM team as compared to 2012, where nearly 63% of the respondents confirmed their organisations did not have a dedicated disaster tecovery or BCM team.
This demonstrates an increased focus on BCM investments, according to eHDF. However, in terms of maturity of BCM and IT DR readiness, there is still a long way to go as 56% of respondents rated their organisation’s DR readiness as average or below average and 64% of the respondents rated their BCM readiness as average or below average.
“The results are indicative of how the industry and business environment is evolving,” says Yasser Zeineldin, CEO of eHosting DataFort. “Everything is driven by technology and it is imperative that organisations look closely at what is ‘crucial data’ and how it can be safeguarded in the instance of downtime caused either by a natural disaster or simply because of an IT outage. eHDF has been at the forefront of stressing on the importance of Disaster Recovery and BCM, and this year’s survey shows that our efforts have reaped dividends. The increase in the number of organisations, both large corporations and SMEs, investing in disaster recovery and making contingency plans by adopting business continuity management programs look encouraging.”
There are other statistics indicating that a shift is already underway in the way corporations look at BCM. The survey reflects that 27% of the respondents invest anywhere between US $100,000 to US $250,000 to implement and sustain their BCM program, 22% invest between US $250,000 to US $1 million and large organizations in the banking, oil and gas, telecoms, government and e-commerce sectors have set aside BCM budgets of more than US $1 million.