When an unexpectedly high demand lands on a system unprepared to handle the situation, we would have a similar story to how the MyGov and Centrelink online portal crashed last week.
Nearly 100,000 Australians sought welfare help via the government website, only to find it unavailable. More than 120,000 tried the following day and faced the same issue.
Whether it was a cybersecurity breach, or purely a system overload, the moral of the story is clear. In the age of remote working amid COVID-19, we turn to technology to ensure business continuity. But have we given technology the attention it deserves to see us through this crisis?
As the next instalment of our Business Continuity Planning series, we’ll uncover some common IT pressure points, as well as ways to mitigate these risks.
Many organisations who already implemented a work-from-home policy before the crisis might not experience a huge learning curve.
For others, who either deal with a large workforce, or are less advanced in their digitisation journeys, this could put an enormous stress on their IT systems.
As we’ve seen with the MyGov story, any major announcement can change the situation for businesses overnight. Issues might arise if you find your remote workforce increase by more than 5 times in a short timeframe.
Not enough work devices
Possible downtime due to equipment purchase/set-up lead time
Inadequate videoconferencing, collaboration tools
Each department picks its own software, resulting in security vulnerabilities, or decreased productivity due to inconsistencies
Poor internet connection in employees’ homes
Inadequate connection to company’s networks
Reduced productivity, possible downtime while waiting for upgrade/maintenance of on-premise system
As mentioned in our previous blog of the series, companies are being “forced into the world’s largest work-from-home experiment.” For many that had not even allowed remote working before Covid-19, this would be a formidable change management task.
Policies and processes alone might not be enough, even though they need to be established. If it is as much about a new way of life (social distancing) as it is a new way of working, we need to incorporate more behaviour-changing techniques. For instance:
Not sure where to start to safeguard your IT systems and data? Download this handy checklist.
“Getting a tool adopted requires twice the investment of having it developed in the first place.”
In the latest survey by the Business Continuity Institute, only 53.3% of Australian organisations have reviewed cybersecurity arrangements to ensure systems remain secure in case of mass staff absences (compared to 64.9% globally).
Tumultuous times trigger fear and uncertainty, which could be exploited by bad actors. For instance, a recent global cyber-attack took advantage of people wanting to know more about the spread of COVID-19 by embedding malware behind “Coronavirus maps.”
More time spent online coupled with prolonged self-isolation periods may also lead to irrational actions, e.g. clicking on suspicious links.
What does this all mean in the business context? If remote workers use company laptops that have not been properly configured for protection, and there are no contingency plans, an organisation might be exposed to a dangerous “infection” much like coronavirus itself.
Practice cyber-hygiene and a healthy dose of scepticism:
Example of phishing using a malicious link
For organisations with paper-based or manual procurement processes that heavily rely on spreadsheets, email, and even physical presence, operational procurement might stall.
As companies look to quickly secure supply and onboard vendors, the onus is on the procurement/supply chain function to make it work. And they need technology to work as well.
There is nothing more frustrating than a technical glitch or unavailable service (cue the MyGov story) disrupting a critical operation.
Assess your technology stack to mitigate any degradation of service:
Not only that, there should also be succession plans for key personnel too, so that organisations don’t get locked out of their own systems if these people suddenly cannot continue working.
It is tempting to pull resources, halt projects and cut whatever costs possible during this pandemic. However, organisations might be incurring invisible future expenses, especially if the affected initiatives were designed to increase efficiency or open up new revenue streams in the first place.
For instance, a digital transformation program for procurement could be underway pre-coronavirus. Instead of accelerating the migration to cloud-based systems, one might choose to temporarily revert to the old way (e.g. spreadsheets) until things get better.
While it’s still too early to measure concrete “savings” from the program suspension, the company may soon find themselves fighting the same fire they had hoped to avoid – only with the added pressure from Covid-19.
Hence, it’s important to re-evaluate priorities, shift resources, and track progress.
“Companies that take a slash-and-hold approach fare worse than those that both prune and thoughtfully invest.”
As we go through long periods of social distancing, people rely heavily on technology to stay connected and keep businesses going.
But sometimes technology fails us, for various reasons that could be traced back to the pre-coronavirus era.
The imperative now is to work swiftly with what we have, adapt, and invest for the future. Stay tuned for the next instalment of our series, where we will discuss measures to protect supply chain & operations in the short and long run.
You may be interested in our past webinar on risk mitigation with Bank of Queensland's former Chief Risk Officer. Check it out here.
On Thursday, 7 April, Felix hosted its second luncheon and roundtable event, discussing the key findings from our recently released whitepaper, Building in the Dark – risk mitigation in 2022.
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