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Volume 30, Issue 4

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Jon Seals

Jon Seals

As 2017 winds down, I thought it might be worthwhile to knock back a cup of Earl Grey and see what the tea leaves show lies ahead for the world of business continuity in 2018.

Here’s the thumbnail version of my forecast:

  • The overall picture of most BC programs is going to be one of ongoing uncertainty, with lots of small-scale agitations but no dominating trends.
  • Two peripheral trends I see are the continued movement of services to the cloud and the increasing influence of millennials on the world of business continuity.
  • In the world at large, I think we’re going to see the continuing proliferation of the risks associated with climate change and terrorism and also the potential movement of international conflict into cyberspace. These developments could have significant impacts on the practice of business continuity management.

One thing that we know is coming in 2018 is the European Union’s new General Data Protection Regulations (GDPR). The EU’s strict new privacy protection rules go into enforcement on May 28, as I discussed in my blog post from last week, GDPR Compliance: A Heads-Up for Business Continuity Professionals. Take a look if you would like to know more about what GDPR might mean for your organization.

And while I’m making suggestions for further reading, let me call your attention to an interesting survey by Continuity Central. These are the interim results of their survey of business continuity professionals worldwide, asking people what they see happening in their programs in 2018. The results of this survey triggered some of the points I make below.

In the rest of this article, I’ll share some additional thoughts on the topics mentioned above, along with a few others.

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https://bcmmetrics.com/business-continuity-in-2018/

If you’re new to Business Continuity, you have a lot to learn.  A thorough understanding of Risk – and how to assess Risk – need not be on your To Do list.

As a BCM professional, you already know how much time you spend on Risk Assessments.  Have you ever considered how little value a BCM-centric Risk Assessment provides?

Most large organizations have a Risk Management Departments.  They catalogue, monitor and manage risks.  If that’s already their fulltime job, why are you conducting Risk Assessments?  Even in a smaller company, is a BCM practitioner really most qualified to be conducting Risk Assessments?

Risk Management is more a science than a project.  Risk Managers spend their time focusing on risks. Most small businesses without dedicated Risk Management departments understand their organization’s risks – even if they don’t act on them.  Those who set a business’ strategic direction consider risk in those plans (regardless of whether they do so consciously).

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https://www.ebrp.net/you-have-a-risk-department-why-do-you-conduct-risk-assessments/

At Forrester, we have developed an assessment to help organizations understand their continuous deployment maturity. The assessment should take 10 minutes or less to complete with the outcome identifying where you are in your continuous deployment journey. DevOps teams should focus and build four critical competencies including: process, structure, measurement, and technology. Your honest assessment of these competencies will help identify key areas of improvement and help get everyone in the organization on the same page. Additionally doing such a assessment might just avoid the disconnects between leadership and DevOps teams identified in my last blog –  Executives Overestimate DevOps Maturity.

DevOps is predicated on teams driving inclusive behaviors such as collaboration and leveraging feedback loops, destructing silos of functional excellence, with empowered product teams who are delivering business outcomes. To support this, we identified four competencies that enable continuous deployment:

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https://go.forrester.com/blogs/understand-your-continuous-deployment-maturity/

Funds will be used for recapitalization of existing property-level debt, and capital expenditures for data center development

SEATTLE, Wash. – Sabey Data Centers announced today that it has closed a financing transaction led by TD Securities consisting of a $425 million 5-year term loan and a $250 million 5-year revolver.  The transaction was upsized by $50 million amid meaningful oversubscription.

Proceeds of the term loan will be used to refinance existing property-level debt into a corporate facility, while the revolver will be used to fund capital expenditures for data center development and strategic initiatives.  In connection with strong demand trends, the Company plans to expand its data center campus in Northern Virginia, the largest and fastest growing data center market in North America, as well as in Central Washington, which benefits from low power rates and a mild climate ideal for efficient cooling.

Rob Rockwood, President, Sabey Data Centers, said, “From a strategic perspective, this transaction will provide the capital we need to stay ahead of market conditions. The data center development market is extremely active, especially with prospective tenants who are demanding large blocks of inventory as a condition for entering into a lease deal.”

He added, “The leasing paradigm has changed. Up to the recent past, data center users would move onto a campus and then build out incrementally, on an ‘as needed’ basis. This is no longer the case.”

"TD Securities is pleased to have had the opportunity to work with Sabey Data Centers on this financing transaction.  Management has done an excellent job of executing on their investment thesis and we are excited to provide the Company with ample financing capacity to support their next wave of expansion and organic growth.  We look forward to continuing to support the Company’s strategic growth initiatives moving forward," said Ed Kim, Director at TD Securities.

In operation for 40 years, Sabey Data Centers is one of the largest privately-owned multi-tenant data center operators in the United States.  Sabey’s data centers provide wholesale data center services to many of the world’s top financial, technology, telecommunications and healthcare companies and position customers to combine key market locations with sustainable, low cost power. 

Sabey owns and operates state-of-the-art data center campuses in strategic markets across the US, including Seattle Washington; Ashburn, Virginia; Quincy, Washington; and Wenatchee, Washington.  Headquartered in Seattle, Sabey Data Centers is a joint venture between Sabey Corporation and National Real Estate Advisors.

 

About Sabey Data Centers

With a portfolio of more than three million square feet of mission critical space, Sabey Data Center Properties is one of the largest privately owned multi-tenant data center owner/developer/operators in the United States.  Sabey specializes in scalable, custom-built solutions including data center ready shell space and fully turnkey data centers managed by Sabey’s award-winning critical environment staff. Consistently recognized for its reputation for operational excellence through its world-class data centers and sustained uptime, Sabey is proud to provide data center services to many of the world’s top financial, technology and healthcare companies.  www.sabeydatacenters.com

Thursday, 21 December 2017 16:04

New Technology Requires New Hires

Organizations Must Invest in Professionals Needed to Ensure Successful Digital Transformation

As technology becomes an increasingly essential driver of business success for enterprises around the world, determining how to effectively and securely pursue digital transformation is of critical importance. Organizations must strike the appropriate balance of proactively seeking to deploy new and emerging technologies while still taking care to address the new risks and threats that these technologies may introduce.

Organizations across the world are understandably eager to capitalize on new technologies capable of enabling the digital transformation needed to thrive in today’s global economy. While embracing innovation and investing accordingly is an admirable approach, enterprise leaders must adopt a holistic mindset before calculating the best way for their organizations to transform.

As a starting point, organizations pursuing digital transformation should evaluate their business data and their customer data, and make sure they have the right talent in their organizations to securely leverage the resulting opportunities. That includes highly skilled and well-trained governance, risk management, audit and cybersecurity professionals. Small and medium enterprises (SMEs) can scale up their basic security services by going to managed security services, while large enterprises can continue to build talent and enhance their technology governance.

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http://www.corporatecomplianceinsights.com/new-technology-requires-new-hires/