Published date: 11/03/2021
In the past 12 months, businesses experienced an average of 5 to 10 unplanned outages — each lasting an average of 65 minutes. In today’s 24/7 business world, what’s the cost of all that downtime? Let us walk you through how costs mount up and, more importantly, what we can do to protect you.
Businesses rely on IT even the window cleaner will have tinkered with tools to manage his business whether a website, an accounting system or a CRM system.
All businesses need access to their IT resources and associated data at any time. However, business do have unplanned outages each lasting an average of 5 or 6 minutes. Not very long is it but… how much does that downtime cost?
According to Gartner, the average cost of IT downtime is £4,000 per minute.
Downtime per hour can cost as much as £38,600 at the higher end.
The average business can only cope with 3 hours of downtime for normal business activity not to be severely impacted.
40% of surveyed SMBs experience 8 hours or more of downtime due to a severe security breach.
The National Cyber Security Alliance report 60% affected in a 6 month period.
The average small business can expect to lose £70,000 worth of revenue in unplanned downtime every year.
Financial loss is one thing but the survey revealed:
You can’t completely prevent downtime… disasters happen – look at COVID 19 and the impact there! There will always be events that can bring up to a halt but… you can mitigate the impact of downtime with disaster recovery solutions that recover and restore data and applications to get you back up and running quickly and painlessly.
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