Insights from the 10th Annual Global Risk and Resilience Trends Report by DRI International

The Disaster Recovery Institute (DRI) International has just published its 10th Annual Global Risk and Resilience Trends Report, marking a significant milestone in resilience education and management. This organization is renowned for its expertise in helping businesses prepare for and recover from various disasters and disturbances. The 2024 report draws on comprehensive feedback from resilience professionals across different sectors, providing a wealth of insights concerning both immediate and evolving risks.

Al Berman, the DRI Treasurer and President of the DRI Foundation, stressed the importance of this Trends Report, stating that it serves as a crucial repository of data gathered from the resilience community worldwide. His perspective underscores the report's role in reflecting the genuine concerns of professionals dedicated to building organizational resilience.

As organizations confront a rapidly changing world, the 2024 Resilience Index highlights the top ten operational issues currently affecting businesses. These include:
1. Cyber Events
2. IT Disruptions
3. Natural Disasters
4. Financial Conditions
5. Human Resource Issues
6. Major Facility Incidents
7. Power Shortages
8. Climate Change
9. Increased Regulation
10. Reputational Issues

The survey further delves into longer-term strategic challenges. This year, participants expressed heightened concern about the uncontrolled and unregulated use of artificial intelligence, as well as a notable lack of trust in organizations and institutions. Even more alarmingly, a new factor has emerged at the forefront of concerns: changing alliances and geopolitical conflicts, which the report deems as the top emerging issue for businesses today.

Interestingly, this year's report also devotes a special section to the growing impacts of artificial intelligence in the business landscape. It analyzes the origin and gradual integration of AI into everyday operations and discusses potential future implications. As businesses increasingly harness the power of AI, understanding its ramifications on resilience and risk management becomes pivotal.

The Trends Report is available for free download in the DRI Library, a resource aimed at equipping professionals with the knowledge necessary to navigate the complexities of disaster recovery and business continuity. This year's findings will also be built upon in the upcoming 2025 Predictions Report, set to be unveiled in early January.

Since its inception in 1988, DRI International has been a pioneer in resilience education, having certified over 20,000 professionals across more than 110 countries, including 95% of Fortune 100 companies. It remains committed to empowering organizations to withstand and recover from adversities, reinforcing the vital importance of continuity planning in today's unpredictable environment.

The collective insights captured in the Trends Report not only highlight the evolving landscape of risks but also serve as a call to action for businesses to prioritize resilience in their strategic frameworks. As issues such as climate change and technological threats loom large, the lessons learned from the past decade will undoubtedly inform the pathways forward for resilience management.

Topics Policy & Public Interest)

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