Companies are becoming more aware of the direct financial costs of computer downtime, according to a survey of IT managers. Almost one in four companies have suffered an outage that lasted more than one business day, even though IT failures are meant to be covered by their business continuity plans.
The research, drawn from an annual survey by Neverfail, a business continuity specialist, suggests that much of the planning for an IT outage is ineffective, when it comes to protecting the business. "IT downtime translates into real business downtime," said Andrew Barnes, senior vice president for business development at Neverfail. "The fact that people are willing to state that it costs of £10,000 an hour, or even £1 million per business day, means that businesses appear to be taking it seriously."
Source: Tech Central