In business, downtime is often associated with equipment failures and the resulting inability to continue working. While downtime after work hours is cause for celebration, unplanned downtime at work, in almost any form, is something businesses work hard to avoid. Here's a look at why and how managed IT services help companies to prevent downtime.
The Cost of Downtime
Calculating the cost of downtime isn't a straightforward process, and every business and scenario is different. Most of us think of hardware failure first, and in this situation, the cost of downtime is often more about the information stored on the hardware than the actual physical loss itself. And while replacing equipment can be a devastating hit to the budget, businesses must also calculate the cost of getting back to business as usual. With each hour that passes, the costs get higher.