How much does 1 hour of downtime cost the average business_ – rand group

Infrastructure matters. Iphone 5 data recovery software free When your network or applications unexpectedly fail or crash, it can have a direct and far reaching impact on your bottom line and ongoing business operations. Database partitioning In some extreme cases, data and monetary losses from unplanned outages can even cause a company to go out of business.

Despite all the advancements in technology, database, hardware, and software downtime are an expected aspect of doing business.

Database gif The only way to mitigate the risk is to prepare and have the right technology in place to monitor, restore, and restart. Database project ideas How to Calculate the Cost of Downtime

The industry average cost of downtime is dependent on a lot of areas. Iphone 5 data recovery without backup The monetary losses vary when you consider your revenue, industry, the actual duration of the outage, the number of people impacted, the time of day, etc. Bplan data recovery For example, losses are significantly higher per hour for businesses who are based on high-level data transactions, like banks and online retail sales. Data recovery boston ma If you experience an unplanned outage during a peak traffic time, clearly the damage will be more significant.

Can you afford to lose $100,000? Because that is the average amount of a single hour of downtime reported by an ITIC study this year. Ipad 2 data recovery Every year since 2008, ITIC has sent out an independent survey to measure downtimes costs and over time the average cost of a single hour of downtime has risen by 25% to 30%. Data recovery company Here are the staggering results:

Your organization can tolerate a certain amount of downtime before causing irreparable damage. Data recovery network drive But in order to know what that is, you need to understand the cost of response and recovery for each application. Data recovery yelp To do this, you need to calculate the cost of downtime per hour, your Recovery Time Objective (RTO) and your Recovery Point Objective (RPO). Database join table Cost of Downtime Per Hour

• To calculate your labor cost per hour of downtime, you need to factor in your revenue, number of employees, average annual employee benefits, the number of hours worked per week, and the percentage of the workforce an outage would affect.

• To calculate your revenue lost per hour of downtime, you need to know how much revenue you make every day and the percentage of your revenue an outage would affect.

How much time do you need to restore your applications after an interruption? Your RTO is really a measure of how highly available your applications need to be. Google database If your company can survive with RTO measures in days instead of seconds, then you can take your time setting up a new server or installing an application. Database quizlet If you need your operations to resume within minutes, this requires more expensive technologies and processes. Database synonym Recovery Point Objective (RPO)

How much data can you afford to lose? Your RPO is the maximum amount of acceptable data loss measured in time. Database management jobs A company with an order entry system might only need to keep 5 days worth of hard copies, giving them the ability to restore the data manually in the event of a disruption. Iphone 6 data recovery free You need to work with all key stakeholders to determine how much data your company is willing to lose. Data recovery ubuntu Downtime is Not All About Dollars

A bad experience is all it takes to shake a customer. Database diagram tool When your business is unexpectedly down for a few hours in the middle of the week, you not only risk losing money, you also risk damaging your company’s reputation for delivering value. Database field types It might sound drastic but think about a customer who needs to make a particular transaction. Data recovery best buy If they can’t make it when they want, or when it’s the most convenient to them, then they will likely go find what they need elsewhere. Raid 5 data recovery And what about your confused employees? They are all sitting in front of a blank screen, twiddling their thumbs while they wait for the system to come back online. Database administrator salary nyc They don’t have the tools to be productive and that not only influences their overall morale, but impacts the customer service they provide in lieu of the outage. Database p Maximize Reliability and Uptime with Rand Group

Once you understand the true cost of downtime for your business, it’s easy to see that preventive measures are the key to protecting your business. Cloud 9 database With a cloud backup and recovery system, you benefit from complete system monitoring, secured servers, and upwards of a 99% guaranteed uptime.

Don’t keep your business at risk. Data recovery on ssd At Rand Group, we have a full team of business, technical, and accounting resources to maintain your systems health and ensure business continuity. Database query tools Contact our infrastructure experts today for a full assessment of your applications and server environment.