The actual/tremendous costs of downtime
Availability and reliability of services are crucial to keeping not only the financial part of the business together, but often even directly impacting the quality of life. Therefore, the downtime periods, so the time when due to different events some parts of a service of the full service are unable to respond, is something we need to limit.
But have you ever wondered what the actual costs of your service being down are?
Leaving aside the stress (which costs health), researchers try to estimate the actual numbers of how common and how expensive downtime is. And here, the stats are quite brutal – 80% of the polled organizations experienced outages in the last 3 years, just in 2021 – 76% of them have lost data due to downtime, and as many as 41% of enterprises experience downtimes not less often than once a month. At the same time, 1 in 5 organizations has been affected negatively by revenue, reputation, and other kinds of losses related to downtime.
Let’s stick to money. According to Ponemon Institute research from 2015, each minute costs an average of 9 000USD per minute, giving a stunning 540 000USD per hour. And that’s 7 years old data! This also means that even for services with guaranteed 99% uptime, it still brings the risk of almost 87h of downtime yearly. You do the math, we call the doctor.
Given the facts above, it’s really important to engage your systems with uptime monitoring tools, that will efficiently take care of your services while you rest. And we’re here to help you! Uptime monitoring is one of the tools built in A-Irene – a new tool developed to seamlessly add a cybersecurity layer to your services. Sign in to the waiting list and receive free services!
Sources:
https://lnkd.in/g6b4g_p
https://lnkd.in/drNQxiTe
https://lnkd.in/dEsXtJRQ
