What is the Cost of Downtime, to your Organization?

MCC Room #201

10:00 am - 10:45 am

Conference Talk

What is the cost of downtime, to your organization?  Mission critical may not mean that lives are on the line, but your company’s well-being could be.  An infrastructure failure could cost as much as $100,000/hour.  A mission-critical application failure could cost $750,000/hour.  According to Gartner, the average cost of IT downtime is $5600/minute!

We’ve all seen headlines about airlines canceling hundreds of flights due to computer system outages, or an online retailer’s website going dark on a busy shopping day, with sometimes dire consequences for the business.

Given these high stakes, how can you leverage your IoT Architecture and Processes to minimize these potentially fatal hiccups?

Start by considering the causes of these unexpected outages:  cyberattacks, natural disasters, vendor issues, network outages, component failures, and human errors.  There is no silver bullet, obviously, but careful consideration and mitigation of such factors can lead to reasonable risk mitigation for these types of unexpected events.

The types of outages described so far could of course apply to many different industries and domains, but I’m going to focus on IoT implementations specifically, and what you can do to shore up your connected product or smart manufacturing infrastructure.

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