IT downtime cuts enterprise profit by 9%, says study
CIO
JUNE 11, 2024
For the study, titled “The Hidden Costs of Downtime,” Oxford Economics quizzed executives from Global 2000 companies about the causes and costs of downtime in IT systems. Almost a quarter of the estimated cost of downtime — $49 million of the estimated $200 million average for Global 2000 companies — was due to lost revenue, the study found.
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