There is a kind of Catch 22 in what we found. IT execs say they don't have money to spend on predicting and preventing outages but the network goes down and they lose millions.
Austin, TX (PRWEB) November 30, 2010
Every business wants to keep its network operational and avoid downtime. But money appears to be constraining efforts to find vulnerabilities and predict and prevent technology failures. According to a recent survey conducted by S3 Matching Technologies (http://www.s3.com) 4 out of 5 IT executives say they need to be more proactive regarding vulnerability assessment on their networks but they lack the necessary budget.
“There is a kind of Catch 22 in what we found,” said S3 CEO Jack Holt. “IT execs say they don’t have money to spend on predicting and preventing outages but the network goes down and they lose millions, which might have paid for prevention. The technology is available to reduce outages.”
In fact, more than half of the IT executives surveyed by S3 said they lean toward a more proactive approach but have been unable to make significant progress in preventing downtimes because of finances. Accordingly, 8 out of 10 CIOs recently responded to a CDW survey by saying they had solid plans to keep their infrastructure operational in the event of a network disruption but acknowledged those plans fell short during an actual outage.
“What we are likely to see,” said Andi Gillentine, VP of s3, “is that companies will move network assets into the cloud to manage their costs. But everyone acknowledges a need to do better at reducing or eliminating downtime. US businesses lost about $1.7 billion last year because of network failures. And that’s just on outages lasting at least 4 hours.”
S3’s survey of 60 network IT executives complements similar findings in the Business Continuity Report from CDW, which asked questions of 200 network managers. One other significant result from the S3 questionnaire indicated that tight budgets are prompting the consideration of more affordable software-as-a-service solutions instead of installed applications.
About S3 - S3 (http://www.S3.com) is an Austin, Texas based company focused on providing business crisis solutions for network outsourcers, financial services, and healthcare industries. S3's software is deployed as a managed solution to solve time-sensitive business crises.
# # #