In 2000, the
Fibre Channel Industry Association published a report that looked at business continuity and
Hourly Outage Costs by Industry, and although now quite out of date it really does highlight how important it is to have a good IT disaster recovery solution in place for businesses.
The report suggested that the average outage cost by industry was a huge
$944,395 per HOUR!! See a selection of the table published....
Industry
|
Hourly Downtime Costs
|
Brokerage Operations
|
$6,450,000
|
Energy
|
$2,817,846
|
Credit
Card Sales Authorizations
|
$2,600,000
|
Telecommunications
|
$2,066,245
|
Financial
Institutions
|
$1,495,134
|
Information
Technology
|
$1,344,461
|
Insurance
|
$1,202,444
|
Retail
|
$1,107,274
|
Pharmaceuticals
|
$1,082,252
|
Banking
|
$996,802
|
Food/Beverage
Processing
|
$804,192
|
Consumer
Products
|
$785,719
|
Transportation
|
$668,586
|
Utilities
|
$643,250
|
Healthcare
|
$636,030
|
Professional
Services
|
$532,510
|
Electronics
|
$477,366
|
Construction
and Engineering
|
$389,601
|
Media
|
$340,432
|
Hospitality
and Travel
|
$330,654
|
Airline
Reservations
|
$90,000
|
ATM
Fees
|
$14,500
|
AVERAGE
|
$944,395
|
Source:IT Performance Engineering and Measurement Strategies: Quantifying Performance and Loss, Meta Group, Oct. 2000; Fibre Channel Industry Association.
Disaster Recovery or
Bare Machine Recovery (BMR) is a term used for the recovery of a machine to new (bare) hardware. Recovery includes the operating system and application configurations. A rebuild can take several hours and can require a high level of technical knowledge.
Here at Cristie Software we have made our BMR solutions user-friendly and fast. Our mission is to create software that can be used by anyone, so that if your business IT fails it can be restored as quickly as possible by anyone that has access to the system so that it can be restored to a pre-disaster state to ensure that your downtime is at a minimum. Our software recoveries may be fully automated and typically take under 10 minutes to perform!
Cristie Software BMR products are resold by IBM worldwide we have covered a huge range of industries and our software is used in 70 different countries with over 110,000+ licenses.
View our
quick overview of the BMR solutions we provide worldwide corporations, large organisations and mid-small size businesses.
Get in contact with us today to find out how we can support your IT DR needs and ensure that we can keep your outage costs to a minimum.
sales@cristie.com
www.cristie.com
Tel: +44 (0) 1453 847000
US Toll free Tel: +1 (312) 957 7211