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US firms 'increasingly adopting business continuity strategies'

01 June 2010

The number of companies in the US that have a business continuity plan in place has climbed by 14 per cent during the past five years, new figures have shown.

A study by AT&T found 83 per cent of those surveyed have implemented such a strategy, with 54 per cent reporting they had fully tested it over the previous year.

In addition, 40 per cent require such policies to be in place at all their suppliers and vendors, with 32 per cent of respondents expecting budgets in this area to be higher during 2010, compared with 24 per cent making such a prediction last year,

Chris Costello, Hosting and Cloud Services assistant vice-president, stated that, in addition to enhancing business continuity preparations, "companies are more attuned to how emerging and evolving technologies such as mobile applications and cloud computing fall into the planning equation".

In the UK, accounting and qualification body AAT recently recommended that small and medium-sized businesses need to substantially improve their disaster preparedness and should "keep their fingers on the pulse or risk going under" as the economic recovery takes place.

How confident are you in your business continuity and risk management plans?