How much does disruption to your systems affect your business? The industry average cost of downtime is dependent on a lot of factors. The monetary losses vary when you consider your revenue, industry, the actual duration of the outage, the number of people impacted, the time of day, etc. For example, losses are significantly higher per hour for businesses who are based on high-level data transactions, like banks and online retail sales. If you experience an outage during a peak traffic time, then the damage will obviously be more significant.
The results were identified in Databarracks annual Data Health Check survey, with other notable findings including:
- From a sample of over 400 IT decision makers, 46% experienced more than four hours of IT related downtime over the past 12 months
- Critically, of those organisations able to calculate what the cost of IT downtime would mean for their business, 23% said that they incurred costs ranging from £10k up to more than £1million, per hour
If your business is unexpectedly down for a few hours during core business hours you’re not just risking losing money, you’re also risking damaging your reputation. If your customers can’t get hold of you and they need something doing urgently they may start to look elsewhere for help.
At Blue Footprint we provide practical cost-effective business continuity solutions to ensure that you experience minimal if any disruption at all.
Please contact us today for an initial discussion about your business continuity needs and how we can benefit your business.