Research shows Downtime Cost Estimates of not being Current on your BI Software

Costs of Downtime

With an average cost of $5,600 a minute, your data center going down for just 90 minutes could cost more than half a million dollars.

Industry research from Emerson Network Power’s report, entitled “Understanding the Cost of Data Center Downtime: An Analysis of the Financial Impact of Infrastructure Vulnerability,” based on a recent Ponemon Institute study (2011), “Calculating the Cost of Data Center Outages” showed that, based on cost estimates provided by survey respondents :

o   average cost of data center downtime was approximately $5,600 per minute,

o   based on average reported incident length of 90 minutes, average cost of a single downtime event was approximately $505,500.

o   costs are based on (including but not limited to) : data loss or corruption, productivity losses, equipment damage, root-cause detection and recovery actions, legal and regulatory repercussions, revenue loss and long-term repercussions on reputation and trust among key stakeholders.

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What is the cost to your organization to not be on the current release of your BI software? What are the opportunities that your organization is missing out on by not being able to take advantage of the latest technology IBM has to offer, or will offer in the future?

Contact NewIntelligence today to speak to a migration expert about upgrading to the latest and greatest version of IBM Cognos.