Business Impact Analysis (BIA) is a systematic process used to evaluate the potential effects of disruptions on a business. It identifies critical functions and the resources required to maintain them, helping organizations understand the consequences of various risks, such as natural disasters or cyberattacks. The BIA process involves gathering data on business operations, assessing the impact of interruptions, and prioritizing recovery strategies. This analysis aids in developing effective business continuity plans and ensures that essential services can be restored quickly, minimizing financial losses and maintaining customer trust.