What is the Average Cost of One Hour of Downtime for a Business?

When your networks or apps fail or collapse suddenly, the cost of downtime can have a direct and long-term impact on your bottom line and continuing business operations. Data and monetary losses from unforeseen interruptions can even force a company to go out of business in extreme situations.

Despite technical developments, database, hardware, and software downtime are commercial realities. The only way to limit the risk is to prepare and have the necessary technology to monitor, restore, and restart. You can also use Dynamics 365 cloud migration to develop a solid technology infrastructure.

Cost of Downtime Per Hour

The cost of downtime per hour is estimated by adding labor costs per hour to revenue loss per hour.

• To determine your labor cost per hour of downtime, you must consider your revenue, staff count, average annual employee benefits, number of hours worked per week, and the percentage of the workforce affected by the outage.
• To calculate your income lost per hour of downtime, you must first determine how much you make each day and what proportion of your revenue is affected by an outage.

Downtime Is Not all about Dollars

It just takes one unpleasant encounter to sway a customer. When your business goes down suddenly for a few hours during the week, you risk losing money and hurting your company’s image of providing value. It may appear severe, but consider a customer who needs to complete a specific transaction. If they cannot attend when they wish or when it is most convenient, they will most likely locate what they require elsewhere. 

What about your perplexed employees? They’re all staring at a blank screen, twiddling their thumbs as they wait for the system to reboot. They need more tools to be productive, which affects their general mood and the client service they deliver in the absence of an outage.

Maximize Reliability and Uptime With Online24x7

When you realize the actual cost of downtime for your company, it’s clear that preventive actions are critical to its survival. You get complete system monitoring, secure servers, and 99% assured uptime with a cloud backup and recovery solution.

Don’t put your company at risk. Online24x7 provides a team of business, technical, and accounting resources to keep your system in good working order and assure business continuity. We provide all-encompassing support for your solutions, including Dynamics 365 cloud migration consulting solutions.