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What Downtime Costs Your Business



What Downtime Costs Your Business

Our computers are our convenient friends that do the repetitive tasks that bore us, and they are quickly adopting new skills to make other things easier. For decades, computers have been literally beating us at our own games. In 1962, a computer won against checkers master Robert Nealy. Other champions in Jeopardy, Texas Hold’Em, and even reading comprehension test have also had to take second place to our technology. Tech is able to adopt human skills such as pattern-recognition, language, and creativity as if it has a brain of its own. As the capabilities of technology expand, so does our reliance on it. So what happens when our techno friends stop working? 

Over half of businesses need more than one hour to recover a crashed application, costing over $10,000 for every hour of downtime. With how much we rely on technology, system monitoring is more important than ever. It’s no secret that the world depends on IT, so when systems fail it’s going to make an impact on people and businesses followed by consequences. Many large companies may be able to pay for protection, but the small to medium-sized companies may remain vulnerable to uncertain infrastructure. By making sure your business is prepared to eliminate downtime in the more-than-inconvenient event of a power outage, you could be helping reduce the potential losses that occur.

Many every day, critical systems such as our GPS, electricity grids, and financial markets are almost completely automated. Unexpected outages could lead to scenarios from which could be difficult to recover. As we each become more involved with the internet of things, even our homes are at risk of the negative effects of a power outage, internet outage, or software outage. Our lighting, appliances, entertainment, and security systems could all stop unexpectedly working, leaving us to figure out what we would do without the convenience that has become so normalized. 

Our technology advances at an exponential rate and it’s making it hard for us to keep up. Hopefully, our computers will continue to advance and one day be able to maintain themselves, but until then it’s our job to keep our technology secure. Security attacks often mimic notifications to trick us, leading to the 95% of cybersecurity breaches that are the result of human error. Some common subjects used in these sneaky, and unfortunately successful, phishing attempts are toll violation notifications, required invoices, and updated building evacuation plans. With almost half of businesses not updating their security in over three years, it’s time to find a monitoring system that is accessible and affordable.

Only 11% of IT and business professionals think their company’s security practices are top-notch. It’s especially difficult to feel secure in your technology when monitoring costs so much, leaving you vulnerable to IT failure without comprehensive monitoring. IT outages can cause the loss of 545 hours of staff productivity which can trickle down into negatively affecting the rest of your business. The solution is attaining security with infrastructure monitoring. This allows you to monitor your servers, receive notifications, keep IoT devices at peak performance, and receive quick alerts to downtime so you can start fixing your problem immediately. Learn more about how to keep your tech safe and running smoothly from the infographic below. 

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-present and joined the SXSW Advisory Board in 2019. Follow Brian Wallace on LinkedIn as well as Twitter.