CARY – If business executives didn’t face enough trials and tribulations these days, now many are suffering from a “resiliency gap.” And Cary-based SAS wants to help deal with the problem, developing an assessment tool.
In a global survey, SAS found that 1 in 2 executives experience a “resiliency gap.”
The data analytics giant, collected data from over 2,000 business leaders in 12 countries for a survey titled “Resiliency Rules.”
What is resilience?
According to the American Psychological Association, resilience is “the process and outcome of successfully adapting to difficult or challenging life experiences, especially through mental, emotional, and behavioral flexibility and adjustment to external and internal demands.”
The Resiliency Rules survey from SAS found that 87% of respondents believed that their organization’s ability to adapt to unforeseen circumstances was critical to their success.
Yet fewer than half of executives (47%) reported that they consider their company to be very resilient. And about half (51%) perpetually think about how to build resiliency for their organization.
The results demonstrate that while most executives believe resilience is critical to business success in 2023, many don’t feel their organizations are resilient.
From the report: “Resiliency rules. And yet, while executives we surveyed believe it is important in a post-pandemic world, the reality of implementation or ‘being a resilient company’ falls short, creating the Resiliency Gap.”
Resilience Assessment Tool
As part of the announcement, SAS released a new Resiliency Assessment Tool. With this free tool, anyone can compare their resilience to the resilience of the executives who took the SAS survey.
“We want to help executives across industries outpace their competitors by using data and analytics to build a sustainable resiliency strategy,” said Jay Upchurch, Executive Vice President and CIO at SAS, in a statement. “By taking the Resiliency Index, the research and assessment tool we launched today, organizations will be able to better identify areas of existing strength and areas where growth is possible. That insight will help them close gaps and strategically fortify the tools and systems that make them agile in the face of challenges and disruption.”
Learn more about the report and the assessment tool here.