Companies are facing increased vulnerability and exposure as issues and crises are emerging at a higher frequency and unfolding at an unprecedented rate from an increasing number of sources. Fueling this phenomenon is the digital economy, globalization, a rise in natural disasters and a shift towards decentralized workforces.
The Cost of a Crisis is Immense
The cost of not executing an effective response can be catastrophic. Many companies struggle with implementing and executing the internal processes to effectively resolve emerging threats. Unfortunately, even organizations that have invested in sound plans find it difficult to operationalize their efforts across the functional teams and impacted stakeholders. Tabletops, traditional technologies, and communication services are either not built for crisis response or lack the agility to address the ever evolving nature of an emerging threat.