How Much is That Downtime Costing You?

How Much is That Downtime Costing You? Primary Causes of Downtime 5% 5% UPS System Failure (battery) Accidental 10% 29% Human Error Water, Heat or CRAC Failure 12% Weather Related Generator Failure IT Equipment 15% 24% Failure Other 59% of Fortune 500 companies minimum of 1.6 hours of downtime per week If an average Fortune 500 company has 10,000 employees paid an average of $56/hour including benefits labor component of downtime costs for such a company $896,000/weekly more than $46 million/year Cost of a Data Center Outage $38,969 - $1,017,746 $5,600 Average cost of data center downtime across industries per per organization minute 90 minutes = $505,500 average costs Total Data Center Outage 134 $680,000 minutes average costs Partial Data Center Outage $258,000 59 minutes = average costs %24 Telecommunications service providers and e-commerce companies Enterprises with revenue models that depend on the data center's ability to deliver IT and networking services to customers $11,000 per minute = More than $1.7 million (highest cost of a single event) Downtime Costs Tangible/Direct Costs Intangible/Indirect Costs - Lost transaction revenue - Lost business opportunities - Lost wages - Loss of employees and/or - Lost inventory employee morale - Decrease in stock value - Loss of customer/partner - Remedial labor costs - Marketing costs Bank fees goodwill - - Legal penalties from not - Brand damage delivering on service level Driving business to - agreements competitors Bad publicity/press SOURCES Verge, J. (2013, December 3). Study: Data Center Downtime Costs $7,900 Per Minute. Retrieved from http://www.datacenterknowledge.com Ponemon Institute (2013) Cost of Data Center Downtime Emerson Network Power (2011) Understanding the Cost of Data Center Downtime: An Analysis of the Financial Impact on Infrastructure Vulnerability Vision Solutions (2008) Assessing the Financial Impact of Downtime Corporate Solutions, Inc. Focus on your business, we'll focus on making sure you won't have any downtime. www.aim.ph