Some of the most senior and experienced people in the business continuity industry got together in Amsterdam on the 21st and 22nd May for the annual BCI Executive Forum, a networking and thought leadership event that addressed the future challenges to the industry. The theme for the Executive Forum was resilience and the need business continuity to become a part of the strategic direction of the organization to ensure that it is able to respond and adapt to a changing environment.
On day one of the Forum, renowned futurologist – Dr James Bellini – took delegates through his vision of what the world may look like in 5, 10 or perhaps even 15 years and what this could mean for organizations and those charged with managing them. These visions looked at the changing demographics and economies of the world and the development of technology:
- Issues of an urban world – as populations are rapidly moving away from rural areas and into cities, and as these cities therefore become larger, what does this mean for their infrastructure and the socio-economic culture that develops within that city.
- Smart cities – Technology is developing at a dramatic rate with more and more of our environment becoming digitally connected. Placing such reliance on this technology clearly has its benefits, but it also comes with risks.
- Implications of western renaissance – as the BRIC economies expand as well as those of developing countries, it perhaps no longer makes them the cheaper option for outsourcing. Complex supply chains could be drawn back into the traditional economies, changing the dynamics of that region.
Day two of the conference looked at specific industries with the financial sector, public sector and manufacturing and retail all featuring. Experts in these fields talked through what the challenges were and how they overcame them and this was followed by a discussion on what the wider implications could be of a changing world and deciding upon some actions that the industry needs to take.
The key discussions and action points that came out of the Executive Forum will be published in a report towards the end of June and this will be available free of charge to Statutory Members of the BCI, or it can be purchased from the BCI Shop. The report will be supported by a webinar that can be registered for by clicking here.