Importance of calculating the cost of company system downtime for IT managers is vital depending on the industry.
Most businesses cannot function without computer support. And most businesses that suffer catastrophic data loss or an extended IT outage go out of business. On average, enterprises lose between $337,020 and $474,480 (US) for every hour of IT system downtime. This is according to estimates from studies and surveys performed by IT industry analyst firms. In addition, financial services, telecommunications, manufacturing and energy organizations are high on the list of industries with a high rate of revenue loss during IT downtime.