CIO India\u2019s latest survey on \u2018Business Continuity amid COVID-19\u2019 reveals that there is a 23 percent spike (from 69% to 92%) in the number of CIOs who believe the coronavirus pandemic, as it stands today, will have a significant impact on business. The second survey was targeted at the same set of respondents who participated in the first, to provide a fresh snapshot of the change in perception, if any, in the CIO community.\n\nWhile the first poll \u2013 conducted 9-11 March \u2013 showed that 7.6 percent of CIOs saw no impact whatsoever on businesses, the latest survey conducted 23-25 March doesn\u2019t see a single CIO concurring to that notion. On the same lines, the number of CIOs who viewed the COVID-19 outbreak as a business catastrophe jumped from 2.5 percent to 9.1 percent.\n\nFurthermore, the average impact magnitude ranked by CIOs on a scale of 1-10 notched up by almost two points \u2013 from 5.1 to 7.\n\nIn a span of just two weeks, the country has seen tumultuous changes resulting from the increasing number of COVID-19 cases \u2013 30 states and union territories are now in total lockdown. The first survey was taken at a stage when India had 43 confirmed cases; when we closed the second survey, that number had rocketed to 602.\n\nWhen asked about the time to recovery, a majority of CIOs (over 41 percent) opine it would take 3-6 months for businesses to return to normalcy \u2013 a slight spike from the first survey. On the other hand, the number of CIOs who believe it would take more than a year for businesses to bounce back shot up to 5.05 percent \u2013 that\u2019s more than double the number of CIOs we saw in the first survey.\n\nIn conclusion, although CIOs view the coronavirus pandemic as a significant threat from a business impact point-of-view, most believe things can get back to normal within six months.