Network outages a regular occurrence?

Opengear shares research revealing that 91% of global businesses experience at least one outage quarterly pointing to the need for improved network resilience.

  • 1 year ago Posted in

Fewer than one in ten CIOs can claim that they have avoided a network outage, according to new research by Opengear.

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.”

Beacon, NY, Dec 20, 2024– DocuWare unveils its AI-powered Intelligent Document Processing...
85% of IT decision makers surveyed reported progress in their companies’ 2024 AI strategy, with...
Lopitaux joins as global companies embrace GenAI solutions at scale and look to build their own...
Predictive maintenance and forecasting for security and failures will be a growing area for MSPs...
NVIDIA continues to dominate the AI hardware market: powering over 2x the enterprise AI deployments...
Hitachi Vantara survey finds data demands to triple by 2026, highlighting critical role of data...
81% of enterprises plan to increase investments in AI-powered IT operations to accelerate...
Hitachi Vantara survey finds data demands to triple by 2026, highlighting critical role of data...