Fusion Scenario Testing enables organizations to assess responses under realistic conditions
Fusion Risk Management has launched Fusion Scenario Testing, a specially designed new feature that enables organizations to test and analyze the impact of serious but plausible events in real time.
The new functionality leverages business data and situational intelligence to run diagnostics on an organization’s activities and display results. Fusion Scenario Testing provides a proactive approach to understanding vulnerabilities and building resilience by enabling organizations to assess responses under realistic conditions and make data-driven strategic decisions. It implements continuous learning, flexibility and agility into operational resilience plans so that organizations can easily model and examine how risks materialize and compare the results of future scenarios.
While the innovative Fusion Scenario Testing solution helps organizations meet the requirements of the Financial Conduct Authority, Prudential Regulation Authority and the Bank of England, its benefits extend far deeper and deeper than that. With a dynamic approach to operational resilience and continuity, the solution enables a level of analysis and understanding hitherto unattainable based solely on manual and static plans.
Organizations map their business end-to-end by keeping company-wide data in a centralized location, identifying important business departments, and mapping dependencies. Customers can run exercises on potentially vulnerable assets to understand the impact of possible scenarios on important business services and initiate workflows to address resiliency and compliance gaps.
The offering provides users with data-driven insight so they can visualize what a change initiative looks like, respond to possible events, and have the ability to repeat and measure responses to scenarios. Designed for businesses to run the same scenario multiple times, users can change inputs and variables, track results over time, understand preparation for an impending event, and collaborate virtually to accurately predict event outcomes and evaluate what-if scenarios.
“The events of the past 18 months have reinforced the fact that organizations today must expect, prepare for and respond to the unexpected immediately. The most detailed and best-designed plans can be out of date even before the plan is complete and businesses of all sizes, in all industries, need to be prepared for any eventuality, ”said Cory Cowgill, Chief Technology Officer, Fusion Risk Management. “We are delighted to present this agile and flexible scenario testing solution designed with Fusion’s unique forward-looking approach to operational resilience that prepares our customers for the future. “
Fusion Scenario Testing follows the launch of Fusion Analytics, an enhanced intuitive and predictive analytics solution that strengthens organizations’ resiliency with tailored data insights, visualizations, and decision-making experiences.
The two newly introduced capabilities are an extension of the Fusion Framework system, Fusion’s flagship offering that enables an organization to maintain resiliency through a single platform, eliminating separate and disconnected modules in the many areas of risk and resilience, bringing them together under one platform to monitor and maintain operational resilience.