FACT: While many hosting company advertise 99.9% uptime, the actual figure is closer to 93%.
New York, NY (PRWEB) June 05, 2013
While the American heartland continues to be taunted by a late but powerful tornado season, the East Coast is preparing for what could be another damaging and hurricane season triggered by unusual climate conditions. While many businesses are preparing, they often ignore the importance of their valued data and telecommunications infrastructure.
According to a recent study, 73% of businesses have experienced service interruption in the past five years, collectively resulting in $70 million in lost revenue. Most of this being caused by a lack of disaster recovery solutions.
“In today's world, and based on our ever increasing interdependence on technology, it is the forward thinking CEO who has a comprehensive data recovery plan in place. It's not a question of "if" you'll experience downtime and/or data loss, rather when. Statistics say it will happen, when it does, will your data be protected? This is why we decided to offer disaster recovery readiness scans," Line-provider’s VP of Sales Marco Wind stated.
What are the effects of downtime on a Fortune 500 Company?
Dun & Bradstreet report that 59% of Fortune 500 companies experience a minimum of 1.6 hours of downtime each week. Assuming 10,000 employees averaging $56 per hour including benefits, this average downtime adds up to $896,000 weekly or $46 million per year. The figure would vary according to industry with Wall Street playing 'King of the Hill" with an estimated $6.5 million dollars per hour.
According to Line-Provider, this is the exact reason why more businesses should take the readiness check. When requested, Line-Provider will also provide customers with a comparison of different solutions as a part of this new initiative. Business that want to take advantage of this free initiative are advised to go to line-provider.com/articles/disaster-recovery-cost-of-downtime/.
Line-provider.com is an independent telecommunications agency that helps both SMB and enterprise customers with their cloud and networking needs. By utilizing its relationships with over 36 carriers, line-provider is able to advise and compare customers on one of the most important components of their business – their network reliability. Line-Provider works with many carriers and is known for its real time pricing for T1, Ethernet WAN, gigabit Ethernet, and audio conferencing. For more information or a free consultation please visit line-provider.com.