Security News > 2023 > June > Businesses count the cost of network downtime

Fewer than one in ten CIOs can claim that they have avoided a network outage, according to Opengear.

The scale and frequency of network outages is revealed by 91% of CIOs stating that they experience downtime at least once a quarter.

Further survey statistics reveal that network downtime has a significant financial impact for businesses.

Due to continued network outages and rising economic pressures, 79% of US CIOs now say it's harder to meet customer expectations in today's environment, a concern also reflected by 68% of US network engineers.

92% of US CIOs have therefore increased their budget over the last 12 months to improve their network resilience, with almost half dedicating over 50% of their IT budget to infrastructure spend in order to secure their operations.

"It's perhaps unsurprising that CIOs are allocating more investment to network resiliency to ensure that downtime doesn't occur. The key is where this investment is being targeted. From critical first day deployments and everyday maintenance, to worst day scenarios such as network outages, organizations need always-on access to their critical resources to ensure business continuity. Technologies can enable remediation of network issues from any location, helping to reinforce business resilience in a difficult economic climate," Marks concluded.

News URL

https://www.helpnetsecurity.com/2023/06/29/network-downtime-resilience/