6. Why horizon scan?
• To assess the threats
• To address the impact
“The best-laid schemes o'
mice an' men gang aft
agley”
7. Black Swan Theory
1. Fooled by Randomness (2001)
2. The Black Swan: The Impact of the
Highly Improbable (2007)
Nassim Nicholas Taleb
• The event is a surprise
• The event has a major impact
• In hindsight it could have been
predicted
8. About the BCI Horizon Scan 2016 Survey
568 74
organizations countries
14. What does this mean?
• Are cyber attacks the most
likely disruption?
• Will a cyber attack have the
biggest impact?
• The BCI Horizon Scan
Report sets the baseline.
• Every organization must
conduct their own horizon
scan.
15. Tracking threats
• Appears in the top 10 for
the first time since the
survey began
5
Availability of key
talents or skills
(14th to 9th)
16. Tracking threats
• Almost three-quarters of
organizations (74%) report
at least 1 disruption/year*
• 14% claim losses of at
least €1 million*
2
Supply chain disruption
(5th to 7th)
*BCI Supply Chain Resilience Report 2015
19. Further analysis - location
• Europe mirrors global view
• Adverse weather top threat in Central/Latin America
• Interruption to utility supply top threat in Sub-Saharan Africa
• Political change a growing concern for Middle East & North
Africa, Central/Latin America and Sub-Saharan Africa
20. Further analysis - sector
• Supply chain disruption the top threat in the manufacturing
industry
• IT/telecoms outage the top threat in health and social care.
Emergence of a global pandemic the top trend to watch out
for
• New regulations and increased regulatory scrutiny the top
threat in the finance and IT/telecoms industries
• Political change the top trend in education
21. Further analysis - size
• Very little difference between SMEs and large businesses
• Loss of key employee more of an issue for SMEs
• New regulations more of an issue for large businesses
22. Conducting trend analysis
70% of organisations conduct trend analysis to better
understand threats, a slight decline from 73% last year.
23. Use of trend analysis in informing BCM
A third (33%) DO NOT use trend analysis to guide
BCM programmes, a figure unchanged from last year’s.
24. Level of BC investment
There is a slight increase in organizations reporting
more investments in BC (23% to 24%).
25. Key takeaways
• Cyber issues continue to dominate the threat landscape
although physical security incidents are seen as a
concern for many professionals.
26. Key takeaways
• The ‘human factor’ (i.e. skills shortage, loss of key
employees) clearly impacts on business performance
and requires a strategic response.
27. Key takeaways
• Access to important data (e.g. trend analysis results)
remains a barrier for many organizations which impairs
resilience.