What Does Downtime Cost the Average Business?
One bad experience is all it takes to rattle a business owner. Infrastructure matters and when your system or applications crash. It can have an enormous impact on your bottom line not to mention your business operations. Monetary and data losses from unexpected crashes can even, in some cases cause a company to close its doors permanently.
According to an ITIC study this year, the average amount of a single hour of downtime is $100,000 or more. Since 2008, ITIC has sent out independent surveys that measure downtime costs. Findings included that a single hour of downtime has risen by 25%-30%. Here are some staggering results:
- 98% of organizations say a single hour of downtime costs over $100,000
- 81% of respondents indicated that 60 minutes of downtime costs their businesses over $300,000
- 33% of those enterprises reported that one hour of downtime costs their companies between $1-5 million
The only way to mitigate risk is to be proactive by having the right technology in place to monitor, prevent, and when an attack happens (and it’s not IF but WHEN), having the right company on hand to restore, rebuild and restart. Once you understand the real-life costs of downtime it should not be hard to take proactive measures to protect your business.
Protected Harbor has a full team of technical experts and resources to maintain your system’s well-being and ensure business continuity. Contact us today for a full assessment of your applications and infrastructure. www.protectedharbor.com