Business continuity software is an application or suite created to increase the accuracy and efficiency of business continuity planning and management (BCP/BCM) procedures, metrics, and compliance.
Business impact evaluations, the creation and revision of recovery plans, and the detection of holes in BCM programs are all made possible by business continuity software. These software products, which automate the BCP/BCM process, can be purchased on-premise or via a software-as-a-service (SaaS) basis.
Businesses may run their BCM initiatives more effectively and agilely with the aid of software from vendors in this industry. BCM software and systems can identify an organization’s risk of exposure to internal and external threats and assist businesses in effectively responding to threats like natural disasters or data breaches.
It also protects the business interests of the organization in addition to documenting the vital information a business needs to continue operating despite adverse events. The resources can assist with crisis management, incident management, emergency management, contingency planning, data center resilience, business resumption and recovery, and catastrophe recovery.
Businesses may ensure their data is accurate, complete, structured, analyzed, and current by using business continuity software. Additionally, these platforms give organizations visibility of their BCM programs, facilitate information sharing with top management and other stakeholders, and help businesses react more quickly to disruptions.
Arcserve, Axicent, Continuity OGIC, StorageCraft, and Strategic BCP are well-known providers of business continuity software.
Software for business continuity and compliance
Software for business continuity also makes sure that applications adhere to applicable standards and laws. Business continuity standards like ISO 22301 and related specifications in the ISO 223xx series, NFPA 1600 from the National Fire Protection Association, or those in the Business Continuity Planning booklet from the Federal Financial Institutions Examination Council are becoming more and more of a requirement for organizations’ business partners.
The ISO 22316 standard, another one in the ISO 223xx family, offers recommendations for improving organizational resilience for any size or kind of public or private business. The ISO 22316 standard can be used at any point in an organization’s lifecycle and is not particular to any one sector of the economy or vertical market. According to ISO 22316, resilience is the capacity of an organization to “absorb and adapt to a changing environment.”
The ISO/IEC 27000 series, which aims to assist firms in keeping their information assets, such as their financial information, employee details, and intellectual property, secure, can be used to establish cybersecurity compliance, which is also a crucial component of BCM.
If you are interested in more articles like this, here’s one about which software issues can impact business operations.