How Cost Of Downtime Affects Business

Not only millennials but there are several people that are a part of the technology today. This is the digital age where we are observing fast growth in technological aspects. We all depend on an internet connection to carry out our work.

Technology has increased at such a fast rate, that we fail to acknowledge, the importance of the internet. We only realize it when we see the ‘no internet” sign on our screens. We get irritated fast. At such times, the only thing you wish for is the internet connection to come back. But eventually, people deal with it. Here’s the catch: you don’t have to.

Also Read: FACTS YOU MUST KNOW: DEDICATED HOSTING

Downtime means the period when a system is unavailable. One of the most effective and easiest ways to deal with downtime losses is to ensure that your cloud hosting manager can effectively deal with unpredicted situations like a sudden increase in network usage, DOS attacks, and blackouts.

To you, Downtime may seem like a completely normal thing, but it is not. Have you ever sat down and calculated the negatives it brings?

A survey of the top 400 mid-size and large-size firms in America exposed the losses incurred during downtime. Each downtime incident nearly costs $1,000,000, which, is a huge amount. It leads to decreasing levels of productivity, revenues earned, and maintenance. You may never realize downtime losses, but they bring a big change in it.

These downtime incidents are just increasing expenses. In 2010 itself, the average CPM of unplanned blackouts was $939. Six years later, that is in 2016, it is $16,246.

That is an increase of 1700%. Did you realize this before? More importantly, it is estimated to increase even more. The reason behind this is the increasing use of the internet and the demand for high connectivity.

COST ASSOCIATED WITH DOWNTIME CAN TAKE MANY FORMS:

• System Restorations
• Lost Employee Productivity
• Lost sales Opportunities
• Lost Customers
• Damaged reputation

If the business includes frequent use of the internet and technology, you must make it a priority to decrease downtime incidents. This can save a lot of money. Do your business’s own cost per minute and analyze the losses. By statistical data, you will understand the losses due to blackouts. First and foremost, a step towards boosting a business is minimizing losses. So, work on downtime reduction, for the sake of your business.