Within the professional sector, IT service issues can range from minor annoyances to significant problems that cost organizations millions of dollars. The amount of productivity lost as a result of downtime can be so significant, entire organizations can fail. Approximately 54% of companies report that they have expired IT downtime from a single event lasting more than eight hours.
According to Gartner, the average cost of IT downtime is $5,600 per minute. But because there are so many differences in how companies operate, downtime can cost an organization an average of $140,000 to $540,000 per hour. Additionally, 98% of companies say a single hour of downtime costs over $100,000, 81% said that an hour of downtime cost their company $300,000, and 33% of organizations surveyed reported that 60 minutes of downtime cost their business between $1 and $5 million.
In order to prevent serious downtime issues, it’s recommended to work with network consulting professionals who can perform fast and efficient IT services. These network consulting professionals are experienced in everything from connection issues to security breaches.
Here are some of the main causes of downtime in the professional world:
- Human Error — Unfortunately, even the most efficient organization in the world is subject to human error issues. Human error is the number one cause of IT downtime and represents 45% of all downtime problems.
- Network Outages — Almost half of all downtime issues can be attributed to network outages and server failures. Because these issues are so commonplace within the IT sector, it’s imperative that organizations operate on secure and strong networks.
- Storage Failures — Storage failures account for approximately 42% of downtime, but with larger volume data sites, those percentages increase to about 45%. Digital storage is now more important than ever and organizations need to invest in quality programs in order to minimize issues.
- Forgetting usernames and passwords — Believe it or not, simply forgetting login information is a serious issue when it comes to downtime. In fact, 7% of all downtime can be attributed to these kinds of simple issues.
If you want to learn more about the importance of network consulting and IT support and services, give Arrowhead Technologies a call right away.