IT Downtime is Hurting Bottom-Line Results for Companies
$26.5 billion in revenue is lost to North American businesses each year through IT downtime and data recovery.
Companies are losing billions of dollars a year due to IT downtime and the costs of data recovery, according to a recent survey from CA Technologies. During moments when the machines aren’t running, opportunities to generate revenue are reduced dramatically, and the data-recovery process also makes a significantly negative impact on revenue generation. These problems could intensify as organizations become increasingly dependent upon both traditional and cloud IT services for revenue. “IT outages have real, quantifiable impacts on businesses of every size,” says Charles King, principal analyst at Pund-IT Inc. “This is particularly true for those businesses in the retail sector, which need to leverage IT across numerous core-business processes. As IT becomes increasingly complex, we expect IT outages to continue impacting organizations’ ability to do business effectively and their bottom-line results.” More than 200 North American companies took part in the survey, which can be accessed here
Dennis McCafferty is a freelance writer for Baseline Magazine.
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