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The Business Case for Preparedness
Downtime Costs Can Be Substantial
May 23, 2008 11:50 PM
Source: "Downtime costs European businesses £300k per hour on average", Global Switch, Global Switch, 09 May 2007
Key Points:
* Global Switch has released findings from a pan-European survey, revealing that IT downtime costs European businesses on average £300,000 per hour."
* 50 percent of business service providers claim that one hour of downtime could incur costs of between £501,000 and £1 million. Financial institutions follow close behind, with 23% predicting costs of between £51,000 and £100,000 and a further 18% estimating costs in the region of £101,000 to £500,000."
Link: http://www.globalswitch.com/news/newsarticle/itemId/i65768095