BIA

BIA stands for Business Impact Analysis. It is a process that helps organizations identify and evaluate the potential effects of disruptions to their operations, such as natural disasters, cyberattacks, or other emergencies. By assessing risks and understanding which functions are critical to the business’s success, BIA enables companies to develop strategies to mitigate those risks, ensure continuity, and minimize losses. Essentially, it’s about being prepared for unexpected events that could hinder the ability to operate effectively.