News - CIOInsight
Home arrow News arrow IT Network Outages Cost Businesses Billions of Dollars
RECENT NEWS



CIO STRATEGY
The Perfect IT Book for the Business?

Parkinson needs a book that explains IT to the business. Got any suggestions?    

  News


IT Network Outages Cost Businesses Billions of Dollars



By CIOinsight


One quarter of enterprise IT systems suffered unplanned outages of four hours or more during the past year, costing billions of dollars in profits, according to a survey of 7,000 businesses.

Rate This Article:
Add This Article To:

One quarter of enterprise IT systems suffered unplanned outages of four hours or more during the past year, according to a survey by IT systems integrator CDW. The survey, released March 22, polled 7,000 businesses.

Based on this data, CDW estimates that such network outages cost U.S. businesses $1.7 billion in lost profits last year.

In its Business Continuity Straw Poll, CDW queried about 7,000 medium-size and large U.S. enterprises about significant network disruptions they had experienced since July 2009. The survey aimed to ascertain how well businesses reacted to disruptions and to determine the measures IT managers are taking to improve their business continuity and disaster recovery capabilities.

As might be expected, power outages ranked as the No. 1 cause of business disruptions, with one third of businesses also reporting that this cause also prompted their most recent disruption. Hardware failures caused 29 percent of network outages, followed by a loss of telecom services to facilities (21 percent), CDW said.

Regardless of the cause of disruption, more than half of respondents (57 percent) reported productivity losses as the No. 1 negative effect of their network disruptions, primarily due to reduced access to the network itself or to applications, data and communications systems.

For more, read the eWeek article: Billions Lost Due to IT Network Outages in 2010: Survey.

test





 
 
>>> More News Articles          >>> More By CIOinsight
 


FEATURED SPONSORED VIDEOS

FEATURED SPONSORED ARTICLES

Erasable E-Paper Saves Trees, Cuts Costs

Why Smart Companies Should Adopt the Lessons of Gaming

Interest in Mobile WiFi Hotspots Fuels New Solutions

A Closer Look at Public Cloud Security

View More Articles

  Brought to You By
Click Here




EDITORS' PICKS

LATEST STORIES


Advertisement
FEEDBACK
Ziff Davis Enterprise RSS Feeds

Sponsored Links
  • Try Windows Azure free for 90 days

  • Introducing the world's first family of systems with integrated expertise

  • FREE Securing Smartphones & Tablets for Dummies Book from Sophos
  • 77% of the Fortune 500 Manage Content Securely with Box.
  • Leverage your virtual computing environment with Dell.
  • Build an IT Infrastructure That Delivers the Future
  • 5 New Technologies That Will Change Enterprise ITAdvertisement
  • eWEEK Quick LInks

     
    Close this advertisement