CIOs are experiencing a shift in perspectives due to the impacts of Covid-19 and the global IT outage, which have highlighted the need for more robust third-party risk management and business continuity practices. CIOs are now questioning the single source model for vendor relationships and are adopting supply chain strategies to mitigate risk. They are also becoming more involved in business continuity planning, as they recognize the importance of IT resilience in the face of disruptions.
Some key factors and considerations for CIOs are:
CIOs see their role expanded by third parties and adverse events
Discover how CIOs are expanding their role as they navigate third-party risk management, supply chain risk management, and business continuity.
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Be organizationally and operationally resilient when — and where — it matters
During an IT outage, cyber-attack, or any significant functional disruption, organizations must focus on restoring critical operations in minutes and hours, not days and weeks.