1 in 2 company executives say their company is not prepared for serious economic disturbances

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Although companies around the world have been going through continuous disruption and economic ambiguity for the past three years, resilience remains a sensitive issue for them. Currently, only 53% of executives admit that their company is not where it should be in this regard. This is one of the most important findings of a new study conducted by SAS, the global leader in analytics.

The Resiliency Rules study explores the current status of business resilience, but also what steps companies in industries such as financial services, retail, manufacturing, healthcare and the public sector are taking to keep pace with change and take advantage of opportunities that arise.

SAS surveyed 2,414 executives from companies with over 100 employees across the globe. Of all respondents, approximately 7 out of 10 are optimistic about the economic future of the country in which they operate. In parallel, 80% of executives are currently investing in developing resilience strategies and plans.However, the research also shows that there is a significant gap between the importance that executives place on resilience and the actual level of resilience in an organization.

According to the survey data nearly all (97%) executives believe resiliency is very or somewhat important, yet less than half (47%) perceive their company as resilient.

At the same time, the report revealed that roughly half (46%) admit they are not fully equipped to face disruption and struggle in addressing challenges such as data security (48%), productivity (47%) and driving technology innovation (46%).

While the resiliency gap is today’s reality, 81% of respondents indicate they believe resiliency is attainable with the right guidance and tools. And more than 90% of the respondents see data and analytics as critical tools for a resiliency strategy.

More details here.

 

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