The Urgency For Resilience Engineering
by Reliably
Resilience is not something for later. There is urgency for it now.
The consequences of downtime and data breaches can be devastating to organizations, leading to substantial financial losses and irreparable damage to a business’s reputation.
The urgency to adopt resilience engineering is more pressing than ever.
Why Should Organizations Care About Resilience?
- 98% of organizations experienced at least one outage in the past year.
- 80% of customers will switch to a competitor after more than one bad experience.
- 43% of enterprises experienced unexpected downtime monthly.
- $5,100 average cost of downtine per minute got businesses, totaling over $300k per hour.
- 60% of companies go out of business within 6 months of a data breach.
It takes about 40 positive customer experiences to undo the damage of a single negative review.
Key Benefits of Resilience Engineering Strategies
- Fuelling Innovation: 58% of companies believe that learning from incidents leads to innovation.
- Predictable Recovery: Resilience engineering encourages strategies & procedures to optimise for recovery.
- 63% fewer security breaches
- 50% risk reduction of compliance violations
- 35% less time spent on unplanned work
Healthy Teams = Highly Performant Organizations
Resilience Engineering Blockers Debunked
- Adopting resilience engineering costs too much
- Tools like Reliably are built so that costs are kept to a minimum.
- It’s not our focus right now as a C-level strategy
- Organizations that consider resilience an after-thought will struggle long-term.
- This will be time consuming to implement
- Resilience engineering scenarios can be set up in a matter of seconds and tools are designed to seamlessly integrate with your current tech stack.
- Our systems & teams are too complex
- Tools like Reliably are intuitively simple and designed to intergrate with complex systems easily.
How Can Organizations Adopt Resilience Engineering?
Make it a priority
21% less downtime than organizations who do not make resilience engineering a priority.
Learn from failures
1.4 million dollars per year is the average annual cost incidents cause for organizations.
Build a cultural mindset
Embrace a culture of resilience within your organization, where proactive measures and continuous learning become the norm, instilling confidence in your team to handle incidents effectively.
Resilience engineering is a C-level strategy.
Reliably Helps Resilience Engineering Adoption
- Seamless integration with your CI/CD pipelines
- Cost-effective for any size team to use
- Easy and simple implementation
Sources
- Ponemon Institute (Costs and Consequences of Gaps In Vulnerability Response)
- Gartner (The Cost of Downtime)
- Aberdeen Strategy & Research Division (The Rising Cost of Downtime)
- IBM (Cost of a Data Breach Report)
- GDPR EU (Compliance Fines)
- Atlassian (Calculating the cost of downtime)
- Harvard Business Review (Strategies for Learning from Failure), (3 Things You’re Getting Wrong About Organizational Change).
- Sec.Gov (The Need for Greater Focus on the Cybersecurity)
- FreshLime (How to Deal with Negative Reviews and Avoid Customer Disconnect)
- Xperience Group (Industry Insights)
- Statista (Global enterprise server hourly downtime cost survey)
- Zendesk (CX Trends 2023)
- IDC (cloud security survey)