What Is the True Cost of Downtime for Businesses?
The financial and operational ramifications of downtime have become increasingly pronounced over the past seven years. In 2014, Gartner predicted that downtime costs organizations an average of $300,000 per hour. However, recent statistics lie in sharp contrast to this 6-figure estimate, with 44% of organizations now counting their hourly downtime costs at over $1 million - exclusive of the ensuing penalties or legal fees.