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Organizations spend enormous amounts of time and money on reducing single points of failure and diversifying risk, whether that be within our own portfolios or across supply chains. Without diversity of thought and process, we create single points of failure, from the relatively benign to the catastrophic.
Examples of single points of failure can be seen in our everyday lives. The U.S. baby formula market is so concentrated that the closure of a single factory threw the entire nation into crisis. The Germans used an “Enigma” encoding machine throughout WWII that had been previously broken by the allies in 1939, thank you, Alan Turing. This left all of the supposedly encrypted messages readable. Unarguably, however, this single point of…
