Only 9% of Global Organizations Avoid Network Outages in an Average Quarter
Fewer than one in ten
CIOs can claim that they have avoided a network outage, according to new
research by Opengear, a Digi International company and provider of
secure and Smart Out of Band management solutions.
This
finding is among new research by Opengear of both CIOs and network engineers
globally. The scale and frequency of network outages is revealed by 91% of CIOs
stating that they experience downtime at least once a quarter.
Further
survey statistics reveal that network downtime has a significant financial
impact for businesses. Figures show that in the US for each minute of
disruption, 24% of organizations lose between $2,501 and $5,000. As an average,
this figure equates to $4,344 for every minute of downtime incurred.
Due to
continued network outages and rising economic pressures, 79% of US CIOs now say
it’s harder to meet customer expectations in today’s environment, a concern
also reflected by 68% of US network engineers.
92% of US
CIOs have therefore increased their budget over the last 12 months to improve
their network resilience, with almost half (44%) dedicating over 50% of their
IT budget to infrastructure spend in order to secure their operations.
“Our
research findings lay bare the challenges that organizations globally are
facing with network outages in 2023,” said Gary Marks, President at Opengear.
“It’s perhaps unsurprising that CIOs are allocating more investment to network
resiliency to ensure that downtime doesn’t occur. The key is where this
investment is being targeted. From critical first day deployments and everyday
maintenance, to worst day scenarios such as network outages, organizations need
always-on access to their critical resources to ensure business
continuity. Smart Out of Band technologies can enable
remediation of network issues from any location, helping to reinforce business
resilience in a difficult economic climate.”
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