BCAW 2019 - Investing in Resilience. By Samantha Ford
Recently I attended the Disruptors Theatre during the Australian Healthcare Week Expo and sat in on a Case Study: Self-Driving Cars 101 – Health Haven or Death Dealer? presented by Prof. Michael Milford, Chief Investigator, Australian Centre for Robotic Vision at QUT. The case study provided fascinating insight into self-drive technology that is emerging or already available in the marketplace.
Prof Milford described autonomous vehicles (AV) as having the potential to be one of the most disruptive technologies especially in the areas of public health. His presentation explored the benefits, such as drastically reduced road death tolls, and potential negative effects such as increasing heart disease, impacts on business for insurance, liability, operability and the workforce. One thing is certain; this technology will disrupt transport as much as the invention of the internal combustion engine.
Current standards and practice promote a risk-based approach to continuity planning by considering risks that have been identified for the business. These business risks often include emerging technologies or other activities that provide an opportunity and a threat to the business.
In our work with clients, we regularly see a narrow focus on traditional sources of disruption (e.g. utilities failure, flooding, loss of people, technology failure, etc). To ensure our clients are prepared we advise them to consider identified risks and sources of vulnerability that are both generic to all industry and those that may be unique to their business.
So, ask yourself the following during BCAW 2019:
· What are the disruptive technologies or events that your industry is facing?
· Do you have a plan to manage it?
· Is it documented?
· Have you tested your assumptions and your plan?
If you need help answering these questions, contact the team at Tigertail for some assistance.