The Trillion-Dollar Cost of Downtime and Data Loss

The Trillion-Dollar Cost of Downtime and Data Loss

64% of surveyed global IT decision-makers say data protection is “totally critical” to the success of their organization.

32% of those surveyed said their organizations store primary data on-premise on physical servers, and 20% opt for on-premise virtualized servers. Only 8% are turning to the public cloud for primary data storage.

49% of surveyed IT leaders said their organizations have suffered unplanned downtime in the last 12 months, and 32% have experienced data loss.

The average annual data loss per company amounts to 2.33TB–the equivalent of about 24 million emails.

Hardware failure: 53%, Loss of power: 39%, Software failure: 38%, Data corruption: 29%, Accidental user error: 26%

Loss of employee productivity: 47%, Loss of revenue: 36%, Delay in product/service development: 34%, Loss of customer confidence/loyalty: 24%, Loss of new business opportunity: 20%

71% of IT decision-makers surveyed are not fully confident in their organizations’ ability to recover information following an incident, and 87% of organizations are considered behind the curve for data protection maturity.

One-quarter of survey respondents said their organizations don’t back up any data continuously, resulting in 32 hours of annual downtime (compared to 25 hours for average companies).

Companies considered ahead of the curve spend an average of $37 million on data protection, compared to $12 million spent by organizations considered average.

Big data: 39%, Mobile devices: 37%, Hybrid cloud apps: 30%