Calculating the cost of downtime to a business
Firstly, businesses can compare the cost of their recovery plan against the cost of downtime.
The goal is that the recovery plans don’t exceed the cost of downtime.
However, downtime can also cause reputation damage for missing deadlines, or simply being unavailable.
To calculate availability, you add the yearly planned downtime, plus any unplanned outages.
Cost of downtime = lost revenue + ongoing costs
99% availability = 87 minutes maximum downtime per year.
Consequently, this helps businesses with network risk assessments.
Businesses can set maximum downtime goals.
As a result, it allows you to gain metrics that can be tracked.
Reduce business downtime with regular system backups
Businesses can have reporting systems and fall-back systems in place.
You can practice procedures beforehand, and be more prepared for any network downtime.
Another example, in case of a break-in, someone is required to inform the police.
If any third-party data is stolen, then the owners of the information need to be informed.
It’s important to secure systems, such as servers, workstations and databases.
Cameras and fans can be installed to keep critical systems well-ventilated and recorded.
Devices still need to be secure online, so a multi-layer antivirus is necessary.