Everybody knows that when your IT infrastructure goes down it can cost your business money. REAL money! But have you taken the time to truly quantify the cost of downtime for your business? Both professionally and financially? At first, it can seem daunting to put a real price on an hour or day of downtime. Think about it, if you operate a major grocery store chain and you lose internet connectivity to your machines or you’re a small, locally owned and operated lawn care service and you lose your only server. What happens? Well in both examples there’s no question you’ll be losing revenue, but your also losing clients! If you can’t get the job done, your client base will move onto a company that can, and will, get the job done. This short blog explores the reasons of down time, what’s truly at stake, and what you can do to fix the error in your ways.
According to Datto, a leading DR company, depending on the size of the organization, the cost per hour of downtime is anywhere from $9,000 – $700,000. The average business will lose $164,00/hour. You did read that right, that rate is per hour! Honestly, the numbers speak for themselves. If you think your just fine as is, think again. Network outages and simple human error account for 50% and 45%, respectively. While natural disasters only account for 10% of downtime. With this information, shouldn’t you rethink your strategy? If natural disasters only contribute 10%, that leaves network outages and human error the leading cause of lost revenue. Does your company have a backup and disaster recovery plan to mitigate downtime? If not, it is imperative to design a plan that fits your needs.
What happens when a disaster strikes? It’s been proven that nearly 75% of SMBs operate without a disaster recovery plan and only 25% are confident they’ll be able to restore data if it’s lost. Honestly, without some sort of protection, anytime you’re to go down, you will lose some data with the possibility of losing much more – thousands of your valuable dollars. If these numbers hit home or your still on the fence, please call PEI as soon as you can. Pei has several of business continuity and disaster recovery options to fit your specific needs. Each client is different and we’re here to help you! If you think you’ll never be effected, good luck.
Matt Dixon, PEI