article thumbnail

Dynamic Risks: Working Definitions and Implications for Risk Management Teams

On Solve

But nearly a full day after the tornado, power outages and gas leaks were causing new evacuations , and the staff shortage continued into the following week.”. We describe implications, followed by a specific response framework. Scenario planning and war-gaming can include dynamic risks (the scenario has changed).

article thumbnail

The Future of Business Continuity: Innovations and Emerging Technologies

Erwood Group

These examples illustrate how AI can play a crucial role in enhancing IT disaster recovery by automating processes, optimizing resource allocation, and preemptively calling for maintenance and repair to prevent outages improving overall resilience in the face of technological disruptions.