Network Outages Cost More than $1 Million Annually for Nearly Half of US Businesses
Research into the true costs and frequency of enterprise network outages reveals the importance of network resilience
EDISON, N.J. — More than half of senior IT decision-makers and network managers globally say they have had four or more network outages lasting more than 30 minutes in the past year, with outages costing half of the surveyed organizations worldwide between $300,000 and $6 million in downtime, according to a recent study commissioned by Opengear, a Digi Intl. company. In the U.S., nearly two-fifths (38%) reported losing more than $1 million in the past 12 months alone.
The report, “Measuring the True Cost of Network Outages,” also revealed that U.S. businesses put significantly greater emphasis on network resilience than any other country surveyed. In fact, network resilience has become the top priority for 73% of U.S. IT departments, as well as 70% of U.S. companies at the board level. Globally, responses were at 49% and 47%, respectively.