What Is The Cost Of Downtime?

April 25, 2018
Posted in Blog
April 25, 2018 Richard McElroy

Downtime. Every business owner dreads the very real possibility, yet many tempt fate and try to skimp on their backup and disaster recovery planning in an effort to save on expenses.

Downtime, for the purposes of this discussion, is defined as the loss of access to your critical data for a period of time that significantly impacts your business operations.

When it comes to downtime there are two types of costs – direct and indirect. Direct costs are fairly easy to quantify like employee productivity, salary costs, missed customer deadlines and impacted sales. Indirect costs are harder to quantify but can include reputation damage, loss of faith of customers and and loss of potential new customers. These costs are much harder to put a finger on.

Take a moment and try to estimate what a significant downtime event might cost your business. Then look below to see what other business owners thought the cost of downtime was to their business.

Where did your guesstimate fall among the other business owners?

Don’t Sacrifice Your Business Operations – It’s likely that your business relies on data for its day-to-day operations. But what would happen if you couldn’t access that data? Could your business go on operating normally? At what cost?

A true backup and disaster recovery solution is capable of performing regular, reliable backups and snapshots, helping you easily recover essential data and mitigate the damages of downtime.

Genusys can work with you to create a recovery plan and ensure a quick and optimal recovery if the worst happens, all while troubleshooting issues and preventing them from occurring again. So, when you do experience a downtime scenario, you won’t have to worry about it having negative, long-term effects on your business.

If you would like to speak about how your company can best review your backup and disaster recovery situation or discuss any of your other technology concerns. Contact us using the form below or call or email. We’d love to hear from you.

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