The Trillion-Dollar Cost of Downtime and Data Loss

The Trillion-Dollar Cost of Downtime and Data Loss

Key ComponentKey Component

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

Stored KnowledgeStored Knowledge

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.

Disruptive StateDisruptive State

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

Big Data (Loss)Big Data (Loss)

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

Top Causes of Data DisruptionsTop Causes of Data Disruptions

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

Most Severe Consequences of Data DisruptionMost Severe Consequences of Data Disruption

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%

Shaky Ground, Part IShaky Ground, Part I

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.

Shaky Ground, Part IIShaky Ground, Part II

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).

Dollar DistinctionDollar Distinction

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

Most Difficult Applications/Platforms to ProtectMost Difficult Applications/Platforms to Protect

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

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

Get the Free Newsletter!

Subscribe to Daily Tech Insider for top news, trends, and analysis.

Latest Articles