I was forwarded a link to an article today that reported on the cost of an unscheduled outage. The report states that downtime (across various industries) was approximately $5,600 per minute. I have collected a series of time and outage risks costs over the years (see table below), and this rate of $5K/min may seem high, but could be spot on given our on-line world.
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I regularly come across people that have a hard time justifying expanded disaster recover (DR) coverage, or replication capacity in order to mitigate the risk of downtime. The issue is putting a monetary value on the risk of an outage. Perhaps this data can help in developing that business case.
