Even the most robust networks managed by expert IT professionals experience downtime. The network security appliances you’ve spent thousands of dollars purchasing and countless hours implementing are worth nothing if you experience network downtime that renders them unable to do their jobs. That said, strategically managing those risks makes a significant difference – and saves you plenty of money.
When businesses analyze the cost of projects or potential risks, it’s easy to have some level of tunnel vision and omit certain expenses. Calculating the cost of a network failure or outage is no different.
There are a number of depictions of the unthinkable costs incurred by these issues, and some of the most staggering are listed below:
Considering the potential cost of just one hour of downtime, those companies that have experienced massive outages have paid a hefty price. The following are the three longest instances of network downtime:
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