Is your company prepared for the cost of downtime?
It's one of those things where you don't think it'll happen to your business but should definitely be a priority to consider when choosing the best internet provider for your company.
According to Information Technology Intelligence Consulting (ITIC), found that an hour of downtime
costs 98% of businesses at least $100,000.
And for major companies like Amazon, the company experienced an outage that was less than an hour and cost around $4.8 million, or $120,000 per minute, Geekwire reported.
Other factors to consider regarding the impact of internet downtime:
Input your company's estimated annual revenue.
Enter an estimated percentage amount of sales that will be impacted by an IT outage.
Input the number of employees that will be affected by a potential outage.
Enter the average estimate cost of an employee (salary and benefits).
Input the percentage of employees that will be affected by a potential outage.