Study shows 97% of UK companies face costly IT outages, but half of failures are avoidable
LogicMonitor, a SaaS-based performance monitoring platform for enterprise IT and service providers, has released the results of a new study of 300 IT decision-makers, including 100 based in the UK.
The 2019 IT Outage Impact Study examines the impact infrastructure and software brownouts and outages have on organisations, and if such events are preventable. The survey found that although performance and availability, the state of when an organisation’s IT infrastructure is functioning properly, are the top two concerns of IT teams worldwide, organisations are still plagued by frequent brownouts (where infrastructure or software performs at a degraded level) or outright outages.
“IT availability has become one of the business world’s most valuable commodities, but also the most difficult to maintain. Organisations today are increasingly dependent on the availability of their IT infrastructure,” said Gadi Oren, vice president of Technology Evangelism of LogicMonitor.
“A single IT outage can have huge negative business impacts including lost revenue and compliance failure, as well as decreased customer satisfaction and a tarnished brand reputation. Comprehensively monitoring IT infrastructure is key in detecting the early warning signs of impending IT outages and acting in real-time to course-correct before it’s too late.”
IT downtime is expensive
The cost of even an hour of downtime can be staggeringly high, depending on the organisation. Global companies that have frequent outages and brownouts experience up to 16x higher costs when mitigating and recovering from downtime than companies who have fewer instances of downtime. The “big six” costs identified by respondents included:
- Lost revenue
- Lost productivity
- Compliance costs
- Mitigation costs
- Damage to the brand
- Lowered stock price
IT availability matters
80% of global survey respondents report that the performance and availability of their IT infrastructure tops their list of concerns. In fact, availability was considered more important than security and cost-effectiveness, which ranked third and fourth respectively. A DevOps engineer for a technology integration and management company said, “We support finance clients that deal with microtransactions against the open market, so an outage or even a loss of connectivity to the stock exchange can quickly equate to lost dollars, and they hold us accountable for that.”
IT downtime is rampant
The typical global organisation surveyed experienced five outages and five brownouts within the past three years. In the UK, 30% of companies surveyed suffered through 10 or more outages within the past three years, and 37% suffered through 10 or more brownouts.
Although unified monitoring technologies exist to help mitigate these issues, IT leaders are surprisingly pessimistic about their ability to avoid outages and brownouts. 38% of UK IT leaders say they worry about experiencing an IT brownout or outage so severe that it makes national media headlines. When such an event does happen, 35% fully expect someone to lose his or her job – perhaps even themselves.
Causes of IT downtime
Survey participants report that the most common causes of disruptive downtime, which pose a threat to their key priorities of performance and availability, include:
- Network failure
- Software malfunction
- Usage spikes/surges
- Third-party provider outages
- Human error
- Configuration error
Survey respondents in the UK also reported that 53% of outages and 53% of brownouts are avoidable. The top two missed opportunities to avoid downtime globally are:
- Failing to notice when usage is trending towards a danger level. For example, this might be more traffic than the network can efficiently handle, or it might be a primary storage share running out of space.
- Failing to notice that critical hardware (or software) performance is trending steadily downward.
LogicMonitor’s 2019 IT Outage Impact Study includes even more insight into how downtime is impacting IT decision makers and their organisations. To download the 12-page report, click here.
The survey was conducted with 300 IT decision-makers at organisations with 2,500 or more employees. The organisations were distributed across a variety of industries and geographic regions. The goal of the research was to better understand how availability and downtime impact not only IT teams, but also businesses as a whole. Respondents by Region:
- United States and Canada: 100
- United Kingdom: 100
- Australia and New Zealand: 100
Comment on this article below or via Twitter:
- Hardware Development: From Idea To Device
- Hardware VS Software Development: Similarities And Differences
- How To Care For Your Brain
- How You Can Save Life Or Lives Of Your Beloved With One Device
- Business In A New Way: The Coronavirus Pandemic Is A Boost For Online Commerce
- 6 Anti-Crisis Tips For Entrepreneurs