Weathering COVID-19: financial resilience
Business continuity: Coronavirus crisis puts CIOs’ plans to the test
The goal, Shen says, is to identify gaps in policies, processes, technologies and workforce planning so they can make contingency plans to better prepare for future incidents. Image credit: Dreamstime
As the Covid-19 coronavirus rattles industries, it’s more important than ever for IT leaders to ensure employees have the tools they require to work remotely and securely.
“When traditional channels and operations are impacted by the outbreak, the value of digital channels, products and operations becomes immediately obvious,” according to Gartner analyst Sandy Shen. “This is a wake-up call to organisations that focus on daily operational needs at the expense of investing in digital business and long-term resilience.”
For most organisations, that means a boost in business continuity (BC) planning. From executing “fire drills” associated with cyberthreats to spinning up additional data centres and communicating about the challenges of remote work, IT leaders are facing down Covid-19…
Weathering COVID-19: financial resilience
With the outbreak of coronavirus or COVID-19, it’s safe to say that we’re living in uncertain times. As the days pass, more and more schools and businesses are closing their doors in an effort to lessen opportunities for viral transmission. As a result of these efforts, many people are either working from home or have been laid off indefinitely.
If you feel that you’re in a precarious financial situation, you’re not alone. In this article, Mr. George Katsinis, a personal finance counselor for Oregon National Guard members and their families, shares some actions you can take to stay ahead of the curve in times of crisis and uncertainty.
Take care of yourself and your family first
In times of crisis, it’s important to focus on absolute needs first. As you evaluate your expenses keep in mind what is absolutely necessary for day-to-day survival and what is not. Basic needs come down to food, shelter, clothing, transportation, and utilities. Everything else is extra…
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