What Is The Cost Of IT Downtime?

Even as technology continues to grow and improve at an impressive rate, the risk of downtime and outages is still a major fear for businesses, particularly small and medium sized (SMBs). This is because IT downtime can potentially result in severe impacts to both reputation and finances.

It’s because of the severity of the impacts of IT downtime that it’s crucial for businesses to have professional, reliable Managed IT Services that includes a secure backup and disaster recovery (BDR) solution to keep their data safeguarded and ensure they can get back up and running as soon as possible if downtime does occur.

The all-too-often mistake that businesses tend to make is that they don’t fully appreciate the value and importance of BDR until after it’s too late. It’s common for businesses to only implement a backup and recovery solution once they have been hit by a disaster or downtime!

Putting a Cost Against IT Downtime

Downtime is an expected yet expensive risk of doing business today. Without the ability to maintain or restore business operations, it could result in direct losses in productivity and revenue. Below is a chart of what businesses claim to be the cost of an IT downtime incident:

There are two different types of associated costs when it comes to IT downtime; direct and indirect. The direct costs can include loss of sales or employee productivity, whilst indirect costs refer to the further consequences of the downtime, such as loss of revenue from reputational damage. The combination of both direct and indirect costs is what truly puts your business at risk. As the chart above outlines, the majority of businesses see a £35,000 – £75,000 loss just from IT downtime, with a large portion seeing even up to a £350,000 loss. Can your business really afford losing out on this level of revenue?

It’s more than likely that your businesses relies on day-to-day operations that involves data. How would you be affected if you were no longer able to access this vital data? Ask yourself if your business could still function as normal without access to this data or any relevant IT systems. Were you aware that 50% of small and medium-sized businesses (SMBs) don’t even have BDR solutions in place?

In fact, only a tiny 6% of businesses have never experienced an IT downtime event. The below chart outlines how many and how recently businesses have suffered from downtime:

IT Downtime can occur more often than you think and is easily one of the biggest IT related expenses a business can face. Simply having a backup isn’t a solution – despite common misconception, even backups can fail. A professional backup and disaster recovery solution will perform regular, reliable backups that will allow your business to recover vital data and mitigate any losses from downtime. At Spectrum Networks Solutions, our experienced IT Support team we will even ensure that you have a solid recovery plan in place and that you will have optimal recovery points – what’s more, we’ll do our very best to prevent downtime from occurring ever again. You will have complete peace of mind that even if you do experience downtime, you won’t suffer any long-term impacts on your business and revenue.

Contact Us today, to know more about our IT network support services and discuss your project requirements.

What is The Cloud?

So what exactly is “the cloud”?. When something is stored in the cloud, it essentially means it’s stored on internet servers instead of on your computer. It’s like having an extra hard drive—one that you can access anywhere and anytime you’re connected to the internet. In the past, you only had a home computer and the software you installed on it. Now you can take your files anywhere thanks to cloud solutions, or web apps, which run inside your internet browser.

Whether you’re working in retail, or real estate with financial data or photos your business depends on Applications that run reliably and securely at costs that scales with your needs.

A web app that you may already use is Google Docs. It’s free, you don’t have to install anything to use it, and it allows you to create several different types of projects. You can access everything that you create in Google Docs from any computer or device with an internet connection. Since you only need a connected device to access the cloud, you can take your music, photos, and videos with you wherever you go.

For instance, if you take a photo on your smartphone and upload it to a cloud-based photo storage service like Flickr or Picasa, you can access that photo on any of your other devices, on your computer, or even on your TV. You can share your vacation photos with friends and family while you’re still on vacation. With your photos and other multimedia stored in the cloud, you’ll never have to worry about losing them to a computer malfunction ever again.

Storing files in the cloud is a great way to protect your important files from accidents, viruses, and more. You can use cloud-based storage services to back up the contents of your computer. These services run continually and back up automatically, so you will always have the most recent versions of your files stored in secure online servers. If something bad happens to your computer, you can easily transfer your backup files from your storage service to another device.

If your business requires it, the Cloud allows you not just to store large amounts of data on remote servers, but it also allows you to deploy very advanced computing algorithms and the ability to do high performance computing using machines that you physically don’t own yourself.

So, what are you waiting for?

No matter how you use your computer, tablet, or smartphone, the cloud has something to offer you.

Whether it’s checking your email when you’re travelling, backing up the photos and music that you love, or using web apps to work in different locations, the cloud can—and already is—making your life, and the technology in it, more manageable.

Contact Us today, to know more about our IT network support services and discuss your project requirements.

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