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Avaya survey looks at downtime costs

As today’s business environment requires greater levels of business continuity than ever before, a new survey commissioned by Avaya demonstrates that traditional network vulnerabilities are causing more business impacts that most realize, resulting in revenue and job losses.

The survey of mid-to-large companies in the United States, Canada, and United Kingdom found that 82 percent of those surveyed experienced some type of network downtime caused by IT personnel making errors when configuring changes to the core of the network. In fact, the survey found that one-fifth of all network downtime in 2013 was caused by core errors. Even more troubling is the fact that 80 percent of companies experiencing downtime from core errors in 2013 lost revenue, with the average company losing $140,003 per incident. The financial sector lost an average of $540,358 per incident.

The resulting impact on a career can be significant: 1 in 5 companies fired an IT employee when a network downtime incident occurred. The factor was more dramatic for some industries. Respondents also said that 1 in 3 companies in the natural resources, utilities & telecoms sector sacked IT staff due to downtime caused by change errors.

Survey methodology:
Avaya surveyed 210 IT professionals in large organizations (250+ employees) within the United States, Canada and United Kingdom to understand how much revenue was lost in total as a result of all the downtime incidents caused by core network changes in 2013. The surveys were completed in January 2014 in coordination with Dynamic Markets (UK).

www.avaya.com

•Date: 7th March 2014 • Various •Type: Article • Topic: ICT continuity

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