A survey of 430 organisations revealed that of the 138 respondents who could put a figure on losses, 38% said application downtime costs them between £55,000 and £550,000 an hour, with 4% saying it was even more expensive than that. The research, which was commissioned by IT services firm Compuware, also revealed that 67% of businesses did not know or could not provide an estimate of the financial cost of IT downtime. Companies need to provide more financial information about IT downtime in order to get help from the board and other areas of the business so they can address the problem, said Mike Lucas, regional technology manager at Compuware UK & Ireland. Full Story
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