The research found that despite 98% of companies having a business continuity plan (BCP) in preparation for potential crises, over half of them (58%) had suffered an IT disaster during the last five years. Of these companies, only 38% actually invoked the BCP to help solve the problem. Of those that did invoke the plan, 71% reported that their business was still affected.
The study shows that a combination of factors result in BCP measures often being inadequate. These include failing to review plans on a regular basis, not viewing BCP as a dynamic process, and failing to incorporate critical elements such as risk analysis and business impact analysis into the plan.