Downtime has become a $600 billion business problem (opens in new tab)

The average cost of downtime has reached $600 billion for the Global 2000, a 50% increase in two years. According to Splunk’s The Hidden Costs of Downtime report, unplanned outages and service degradation cost each company an average of $300 million. Percentage of technology executives who consider a direct cost very or prohibitively disruptive (2024 versus 2026) (Source: Splunk) The consequences of an outage Delayed product launches, brand damage, and stock declines continue to affect … More...