Preventing a massive loss in revenue cause by downtime
Downtime events can be costly and time-consuming for businesses. Especially for companies that are using data services or operating in an online environment, downtime can be a major threat to operations. It’s better to prevent these events than to try to solve them after they happen.
The best way to reduce the impact of downtime is to create a disaster recovery plan that outlines your response to unanticipated events during downtime and other disruptive occurrences.
The DR strategy includes tactics for reducing disaster consequences so that a business may continue or quickly resume their crucial operations.
How an unanticipated downtime means for your business
For business owners, downtime is an inevitable part of running a business. Downtime cost can be huge for small businesses, and it can be devastating for big businesses.
It’s difficult to know exactly how much downtime will cost you, but here are some general estimates: For small businesses, downtime can cost between $137 and $425 per minute on average; for larger businesses it can cost around $5,600 – $9,000 per minute.
Losses that are critical to business operation and should be considered include:
• Loss of Data
• Productivity Losses
• Missed Opportunities
• Damage to Business Reputation
• Payouts due to Service Agreements
Getting an expert IT service provider to prevent downtime events
When it comes to downtime events, there’s no such thing as ‘it won’t happen to us.’ All businesses are vulnerable to the risk of unexpected downtime, and it is important to plan accordingly.
A business should have a very good IT Service Provider that will help them prepare for unexpected downtime. IT service providers should calculate any possible risk and challenges that a business downtime will cause.
To avoid any unnecessary costs or lost productivity due to a service interruption, EHW Tech recommend implementing a DR strategy that suits your business needs. Contact us today to find out more. Call us on (07) 4944 0111 or email us at sales@ehwtech.net.au.
