The Critical Convergence of Business Continuity and Risk Management
Business continuity and risk management have long resided in separate siloes, yet their missions, goals, and tactics complement and often overlap one another. This has given enterprises across all industries pause for thought: should these two disciplines converge? Are there benefits that could be realized by breaking down the silo walls? According to a Gartner article, by 2022, 40 percent of BCM programs will be subsumed into the digital business risk management structure rather than exist as separate practices.*
There are three compelling reasons to pursue the convergence of business continuity and risk management.
* Gartner Predicts 2019: Security and Risk Management Programs Published 27 November 2018 - ID G00375263