What is the cost of IT downtime?

How downtime can drastically affect your business

IT downtime can drastically impact a business. Whether applications are unexpectedly crashing or your network infrastructure goes down, this will cost your business. Not only the dramatic costs brought with this but also the loss in valuable time.

Looking at the statistics provided by Dell in a report carried out within the United States, we look at a brief summary of the actual cost of what IT downtime can cause to businesses. Out of all of the businesses that participated, downtime cost 35% of businesses between $50,000 – $100,000 dollars. That’s approximately £38,000 – £76,000 here in the UK. That’s a hefty price to pay and makes many people realise how much of an effect IT has within businesses.

So, what can you do? Are there any positives in all of this?

The best news — and what really matters — is that simply taking a few steps to prepare for an outage can make a huge difference. You can, for instance, take the time to define which services require the most prioritised response, have contingency plans in place, leverage post-mortems to improve processes, and conduct regular testing.

By taking the time to implement a plan for addressing inevitable downtime, your organisation stands to realise thousands — or even millions — of pounds in quantifiable cost savings, as well as ensure the health of crucial qualitative factors such as employee morale, brand reputation, and customer loyalty.

Here at Itek we ensure your business is always running smoothly to prevent your business from suffering downtime. In the unlikely event that downtime does occur, our engineers will ensure you are back up and running as soon as possible.

Sources: preparing for downtime