Operations | Monitoring | ITSM | DevOps | Cloud

A complete guide to modern incident management and how it’s transforming into a strategic business function. Kamalesh Srikanth , Product Strategy Leader at AlertOps If you’ve worked in IT, infrastructure, or operations for any length of time, you’ve lived through the chaos of a critical incident. Systems down, alerts blaring, Slack pinging, emails piling up and somewhere in that noise, your team is trying to figure out what actually broke and how to fix it fast.

Here’s a scenario most IT teams know too well: a single error message lights up the monitoring dashboard at 2 a.m. Within seconds, calls are coming in from customers. Within minutes, the revenue meter is running. If your team is still figuring out who owns the incident while that meter ticks, you’ve already lost precious time. According to 2024 EMA Research, unplanned IT downtime now costs organizations an average of $14,056 per minute, rising to $23,750 per minute for large enterprises.