Resiliency or is often described as the ability of people, organisations or systems to be resistant to or quickly recover from
We know resiliency pretty well in Australia as our year started with which burnt 110,000 sq km (yes, that's 20% of France area), and killed 33 people and 1 . As some of us started to purchase face masks to protect against the bushfire smoke in Sydney or Melbourne, we could not imagine we would have to use them again for the COVID19 pandemic that took the whole world by surprise.
But this post is not about the resilience we all need to strengthen this year to cope with a challenging year, but about how a resilient like cloud computing can help you build a more resilient business.
What does resiliency mean for enterprise technology?
Resiliency is often seen as the contrary of vulnerability, so building resiliency is essentially about managing risks i.e. about reducing the probability of threats from exploiting vulnerabilities to negatively impact assets.
Think about the risk of for instance. As a consumer you know that the new smartphone you just bought will be obsolete 6 months from now: for the same price there will be a new smartphone available with a much faster processor, twice more storage, and with a camera that delivers a much better ! In the business world the is similar: the piece of server you just bought and plan to "sweat" over the next 10 years will far too quickly become too slow, too unstable, too insecure… too vulnerable. That is why many organisations prefer to purchase infrastructure and applications as-as-service with the underlying technology remaining always current.
How does a move to the cloud can help with risk transfer and mitigation?
By moving your workloads to the cloud you are transferring the control and thus the risk management of several technology stacks to your cloud provider, as illustrated by this model from the paper.
A leading cloud services provider could deliver benefits and outcomes far more superior than what you could deliver by yourselves, for instance with:
What is an example of cyber risk and the associated mitigation action?
In the recent paper, Oracle’s research participants were asked “Which of the following actions, if any, has your organization taken to prevent future incidents of cyber business fraud?”. Most agree with implementing Multi-Factor Authentication (MFA) as the top action their organization has taken to prevent future incidents of cyber business fraud.
It’s pretty easy to implement MFA with a Fusion Cloud Application. Just setup a federated SSO with your MFA-enabled identity provider (IdP). Or, if you don’t have any IdP, take advantage of Oracle Identity Cloud Services to configure MFA in minutes.
“That’s a cybersecurity risk and an audit nightmare that we don’t have to deal with,” , says about SSO integration delivered by Oracle ERP Cloud and SCM Cloud. “I’ve also transferred a lot of the operational issues, infrastructure, and scalability to Oracle, which is an enormous advantage of partnering with a Tier 1 cloud provider.”
Can you name a couple of organisations that Oracle worked with to become more resilient together?
The COVID19 crisis has accelerated the need to build resiliency in your organisation, especially into your , and activities. Customers like and have been impressed about how Oracle cloud made their organisation more resilient even while their business were in full transformation.
“We did not have pandemic in the project plan... but it’s been incredible to see how a cloud-based platform has enabled us to manage through this type of an incident” says talking about “an ERP go live at eight manufacturing sites in a 30-day period all during Covid19 travel and other restrictions... pretty incredible resiliency and flexibility”
Stay safe... and resilient!
This blog was originally published as a LinkedIn Pulse Article, you can view it here.