Most probably, emergencies, business systems failure, calamities, among other risky events, are not part of the things you think about and plan for as an entrepreneur. That is part of the reasons why man-made and natural disasters can bring down even the most successful entities. Such disasters include disease outbreaks, floods, cyberattacks, hurricanes, and fires, which can wreak havoc on firms. For that reason, implementing a business continuity plan as well as ensuring that it remains up-to-date is not an option in this case.
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Information technology is a democratizing force that can change our lives by making technology tools and services accessible, faster and more easily understood — most times at a lower cost. Complex algorithms now often take the place of traditional users, perhaps offering more efficient and personalized products for end users.