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Business Continuity Diagnostics

A smarter way to ensure business continuity.

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The idea being proposed is a business diagnosis tool with the central focus being placed on risk mitigation and business continuity planning. The tool will focus on minimization and automation with particular focus being placed on reducing the need for a face-to-face consultation. Risk mitigation and Business Continuity Planning will help businesses focus on reactive as well as proactive development. The diagnostic tool will have preset business components and influential variables in the repository. The tool will then help in the assessment of the business based on these variables and components. The assessment will lead to the generation of a report, which will provide businesses with suggestions, risk mitigation techniques, strategies on continuity planning, and an overall performance indicator. 

What is the need are you focusing on?

Focusing on the development of a holistic tool that can minimize the need for face-to-face consultation process. Most small and medium-sized firms are financially restricted to acquire consultation on risk mitigation and business continuity planning. The diagnostic tool will enable all businesses to acquire the information and data needed to mitigate risk. 

Which type of submission are you sharing?

  • Sharing a pivot idea your organization is considering or could consider

Describe the business pivot or adaptation in 3-4 sentences.

The tool will help organizations improve their risk readiness and their ability to adapt to changes in the market. AON’s 2019 Global Risk Management Survey shows that companies have failed to focus on risk readiness with the global percentage dropping by 8% in the last two years. The diagnostic tool will enable businesses to understand themselves from a 360-degree perspective and to help businesses plan for the future.

Do you plan to implement this solution?

  • Yes

Describe the impact that this solution will create in the world.

The tool will especially impact small and medium enterprises since larger global organizations have the financial clout to acquire expensive services. There are approximately 163 million small and medium enterprises according to data from the World Bank and these firms employ close to 600 million employees. The diagnostic tool will focus on accessibility and usability. The businesses will be able to identify risks, understand mitigation and continuity techniques, and to proactively develop.

What is the name of your business or organization?

Thurit

What does your business/company do? Whose needs does your business/company address? Who do you serve?

Thurit enables individuals, organizations, and communities adapt to challenges through behavior explorations. Website: Thurit.com

What is your profession?

Behavioral Architect Co-Founder of Thurit

Where are you located (country)?

India

Where are you located (region)?

  • Southern Asia

What industry is your business/company in?

  • Business/Consulting

How many people does your business/company employ?

  • 0-10

How old is your business/company?

  • 1-2 years old

Which classification describes your organization/business?

  • Other

What kind of stakeholders and partnerships are needed to pursue this solution?

  • Funding- Investment

Do you need help building partnerships and finding partners?

  • Yes

If Yes to the above, please share 1-2 sentences describing the specific help you desire.

Finding the right partners in the right space is crucial. Hiring a strong developer, who has experience in product development.

What do you think are the main barriers to implementing this solution?

Programming skills needed to develop the diagnostic tool.

Are you aware of any open source efforts, hackathons or other collaborative efforts related to your solution? Are you participating in these efforts?

No

Website URL

www.thurit.com

Attachments (1)

Mock Diagnostic Report.pdf

This attachment is a potential outcome of the diagnostic tool.

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