For the third year in a row, RSA Archer has been named a Leader in Gartner's Magic Quadrant (MQ) for Business Continuity Management Planning Software (BCMP)!
Gartner states in their report that the business continuity management (BCM) market is changing because "continuity of operations is being seen by organizations as a growing risk that needs to be managed and mitigated." Gartner also mentioned they are now seeing organizations focus more on operational resilience versus only "respond and recover" activities. Although the latter is a critical component of a business resiliency (BR) program, teams must focus on how they fit into the organization's larger operational risk program and approach. Gartner states BCM is in a unique position to address resiliency as part of an operational risk management (ORM) program because of its strategic focus and board-level attention. BCM is also "well-positioned to address not just availability risk, but also the broader set of operational risks" 2
In addition to being named a Leader in this MQ, during 2016, RSA Archer has also been named a Leader in Gartner Magic Quadrants for Operational Risk Management, IT Vendor Risk Management, and IT Risk Management. Integrating BCM with other risk management activities is critical to building operational resiliency. This integration must happen organizationally and practically. There is some movement in this area, as evidenced by the results of Gartner's 2015 survey of the Association of Contingency Planners membership, entitled "What Keeps Them Up at Night." The results from this survey show that enterprise risk management (ERM) functions are more often becoming the "home" for BCM programs.3
Organizational alignment is a good thing. However, more mature BCM programs also have more mature risk management capabilities, which are aligned with their ORM functions and facilitated by integrated software. There is still room to improve as shown in Gartner's 2015 BCM Hype Cycle, where Gartner mentions that 48% of surveyed organizations use BCMP software. There is also room to grow overall, as Gartner's ITScore for Business Continuity Management maturity self-assessment tool shows the average maturity of BCM programs is 2.45 on a scale of 1 to 5. 4
BCM is a mature industry that finds itself changing and in need of reinvention. However, all indications are that BCM will rise to the challenge and continue to contribute, now as part of an organization's larger ORM and ERM program. RSA Archer's inclusion as a Leader in the last three consecutive BCMP MQs, as well as our placement as Leaders in all three Gartner MQs for risk management for the second consecutive year, shows that we are uniquely positioned to help organizations rise to the challenge.
Figure 1 Magic Quadrant for Business Continuity Management Software, Worldwide. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from EMC RSA. Gartner does not endorse any vendor; product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
2 Magic Quadrant for Business Continuity Management Planning Software, Worldwide. Published: 11 July 2016. Analyst(s): Roberta J. Witty, John P. Morency
3 Members of the Association of Contingency Planners Report on 'What Keeps Them Up at Night'. Published 29 October 2015. Analyst: Roberta J. Witty
4 ITScore for Business Continuity Management. Published 31 August 2015. Analyst(s): Roberta J. Witty, John P. Morency
Author: Patrick Potter
Category: Archive, GRC, Blog Post
Keywords: Business Continuity, Magic Quadrant for Business Continuity Management Software