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The Business Case for Preparedness
Maintaining Revenue
May 23, 2008 11:52 PM
European businesses lose an average of £300,000 per hour to IT downtime.
Your data really is your business." IT downtime can result in lost revenue, adverse headlines, lower employee productivity and decline in company valuation. Lost revenue estimates run from $1 million to over $ 6 million per hour.
Source: "Business Continuity Business Brief", Hitachi, Hitachi Data Systems Corporation, 2004
Key Points:
* Meta Group estimates lost revenue from downtime at an average of US$1 million/hour. Contingency Planning Research says losses go as high as US$6.45 million/hour for retail brokerages. Beyond the loss of revenue, there are adverse headlines and the potential impact on company valuation to consider, not to mention lower employee productivity caused by sporadic outages. It adds up to this: Your data really is your business."
Link: http://www.hds.com/pdf/business_continuity_brief_463_01.pdf