value insights

The Heavy Cost of System Downtime- Valutrics

IT system outages have emerged as fairly routine issues for companies today—and the resulting downtime amounts to a five-figure financial hit every day, according to recent research from CloudEndure. The resulting “2016 Disaster Recovery Survey” report reveals that while the majority of IT professionals say they’ve set service availability goals of 99.9% (a.k.a., the industry standard “three nines” mark), far fewer say they’re capable of achieving this “most of the time.” As for the culprits? Either human error or network failures are usually to blame, not to mention app bugs, storage failures and (of course) the ever-troublesome hacker. Disaster recovery solutions would help. However, only a minority of businesses use disaster recovery for the majority of their servers. (For the purposes of the report, downtime is defined by survey participants as moments when either a system is not accessible, or that it’s accessible but highly degraded and/or not operational for certain functions.) More than 140 global IT pros took part in the research.