What are the costs of being hard down? Do you know? We are in touch with clients day-in and day-out and would say the vast majority do not know.
- A failure of a critical application can lead to two distinct types of losses:
- Loss of the application service – the impact of downtime varies according to the application and the business;
- Loss of data – the potential loss of data due to a system outage can have significant legal and financial implications.
Take this into consideration:
Research indicates that 60 percent of organizations don't have a fully documented disaster recovery plan, while 40 percent of those with a plan admit that it isn't very effective when a disaster does strike.
- According to Nationwide's Small Business Indicator about half (49 percent) of respondents said it would take their business at least three months to recover from a natural disaster.
- The average business suffers 14 hours of downtime per year, decreasing employee efficiency to 63 percent.
- Average resolution time per outage is over 3 hours.
- Due to the costs associated with efforts to get systems back and running, companies typically lose an average of 9 hours of IT staffing.
- More than half of companies feel outages can damage their reputation, and 18% feel outages are “extremely damaging” to their reputation.
- Failure to recover data can result in disastrous outcomes for companies without a disaster recovery plan.
- Let’s talk about your comprehensive disaster recovery plan. And if you don’t have one, let’s create one together.