A Look at the Cost of Downtime

Over half of businesses need more than one hour to recover a crashed application, costing over $10,000 for every hour of downtime. With how much we rely on technology, system monitoring is more important than ever. The world depends on IT, so when systems fail it makes an impact on people and businesses followed by monetary consequences. Many large companies may be able to pay for protection, but what about the small to medium sized companies that remain vulnerable to uncertain infrastructure?

Our technology advances at an exponential rate and it’s making it hard for us to keep up. Our computers will continue to advance and one day be able to maintain themselves, but until then it’s our job to keep our technology secure. Security attacks often mimic notifications to trick us, leading to the 95% of cybersecurity breaches that are the result of human error. Some common subjects used in these sneaky, and unfortunately successful, phishing attempts are toll violation notifications, required invoices, and updated building evacuation plans. With almost half of businesses not updating their security in over three years, it’s time to find a monitoring system that is accessible and affordable.

As we each become more reliant upon the internet of things, even our homes are at risk of the negative effects of a power outage, internet outage, or software outage. Our lighting, appliances, entertainment, and security systems could all stop unexpectedly working, leaving us to wonder how we became so reliant on technology in the first place.

Our computers are our convenient friends that do the repetitive tasks that bore us, and they are quickly adopting new skills to make other things easier. For decades, computers have been literally beating us at our own games. In 1962, a computer won against checkers master Robert Nealy. Other champions in Jeopardy, Texas Hold’Em, and even reading comprehension tests have also had to take second place to technology. Tech is able to adopt human skills such as pattern-recognition, language, and creativity as if it has a brain of its own. As the capabilities of technology expands, so does our reliance on it. 

Many everyday, critical systems such as our GPS, electricity grids, and financial markets are almost completely automated. Unexpected outages could lead to scenarios from which could be difficult to recover.  By making sure your business is prepared to eliminate downtime in the more-than-inconvenient event of a power outage, you could be helping reduce the potential losses that occur. Learn more about the importance of server monitoring and the cost of downtime from the infographic below.