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Average European firm loses £3 million per year from critical IT events

From Information Age

"The average European organisation loses more than £3 million pounds every year from 36 critical IT events, according to a new study.

A critical IT event occurs when a business application or infrastructure is down or has a malfunction. This results in a business process being halted, or users left unable to reasonably carry out tasks and transactions.

The study, commissioned by Splunk and conducted by analyst firm Quocirca, found that each critical IT events costs on average £88,488 – and the average European organisations suffers three per month.

‘As IT complexity grows, critical IT events are inevitable in all organisations,’ said Bob Tarzey, analyst, Quocirca, which has tracked IT management concerns since 2013. ‘The sooner critical IT events are dealt with and lessons learnt, the sooner IT staff can stop firefighting and return to delivering value.’”

Read more at Information Age

NCC Weekly News Update 31 October 2016 



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