IDC PlanScape: Technology and Operational Resilience for Banks

IDC PlanScape: Technology and Operational Resilience for Banks

This IDC PlanScape provides business and technology leaders in banks with a set of practical guidelines and a description of the phases, themes, and activities they need to manage to reach an adequate level of technology and operational resilience. Furthermore, the PlanScape points out the risks associated with not having a proper resilience plan and provides a list of which stakeholders need to take responsibility and be accountable for the resilience blueprint. It also contains a section specifying how to deal with risks and resiliency, which are natural consequences of cloud-based workloads.“Reaching technology and operational resilience in banks is a complex and varied task spanning technology and business units. The bank must have a well-prepared blueprint imbedded at all staff and management levels. It should include the identification of business services, their impact tolerances, and detailed and actionable activities.” — Research Director George Briford, IDC Financial Insights

Please Note: Extended description available upon request.


IDC PlanScape Figure
Executive Summary
Why is TECHNOLOGy And OPERATIONAL RESILIENCE Important?
What is TECHNOLOGY and OPERATIONAL RESILIENCE?
Who are the Key Stakeholders?
How Can My Organization Take Advantage of TECHNOLOGY and OPERATIONAL RESILIENCE?
The Approach
Anticipate & Prepare
Resilience Maturity and Risk Assessment
Activities
Outcomes and Impact
Value to the Bank
Internal and External Dependency Mapping
Activities
Outcomes and Impact
Value to the Bank
Withstand
Simulated Recovery Testing
Activities
Outcomes and Impact
Value to the Bank
Respond & Recover
Regulatory Remediation
Activities
Outcomes and Impact
Value to the Bank
Sustain
Incident Root Cause Analysis and Go-Forward Strategy
Activities
Outcomes and Impact
Value to the Bank
Resiliency in the Cloud: A Special Note
Advice for Technology Buyers
Related Research

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