New York businesses are doing OK regarding business continuity planning

Published 16 August 2006

Since the large blackout that shut down New York businesses three years ago, companies have jumped on board the business continuity train and are implementing continuity plans; AT&T surveyed these companies and found that most are taking the issue seriously

Three years ago a wide-area blackout paralyzed New York businesses and left thousands of office workers stranded. AT&T has studied what businesses and organizations have done since on the business continuity front, and has just published the results:

—78 percent of New York City organizations that were surveyed have business continuity plans in place

—In almost all the areas of business continuity planning that were explored, New York ranked in line with or above its municipal peers

—76 percent of IT executives in the New York area (slightly more than the 70 percent national average) consider business continuity planning a priority

—New York City businesses have been more financially susceptible to disasters than those located in other markets surveyed; 41 percent of businesses impacted by a disaster in New York said it cost them more than $100,000 a day, including 17 percent which said it cost them $1 million to $5 million a day

—In contrast, among the markets AT&T surveyed, New York City ranks last in terms of the number of companies which have actually tested their business continuity plan within the last six months

—86 percent of companies in New York that have suffered from a disaster said they have taken actions to reduce business interruptions in the future - more than any other market surveyed

-read more in this AT&T news release