The Costs of IT Outages - Mohan Kompella, BigPanda
Techstrong TV Interviews
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01-Jan-1900
"The Modern IT Outage: Costs, Causes and Cures," found that the average cost of an IT outage is $12,913 per minute. Produced in conjunction with Enterprise Management Associates (EMA), the report found a correlation between IT outage costs and the size of an organization, as businesses with more than 20,000 employees lose an average of $25,402 per minute due to outages, translating to more than $1.5 million per hour. Larger companies should consider things such as potential revenue at risk, number of people who could be impacted, and the possibility of associated fees, penalties or litigation.
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