dcsimg

Cloud Failures Cost $70M-Plus Since 2007, Researchers Say

On average, cloud services experience 7.5 hours of downtime per year.

WEBINAR:
On-Demand

How to Help Your Business Become an AI Early Adopter


Computerworld: According to a new report from the International Working Group on Cloud Computing Resiliency (IWGCR), 13 top cloud services providers have experienced 568 hours of downtime since 2007, costing the economy $71.7 million dollars. On average, cloud services experienced outages for 7.5 hours per year, an availability rate of 99.9 percent. "It is extremely far from the expected reliability of mission critical system (99.999%). As a comparison, the service average unavailability for electricity in a modern capital is less than 15 minutes per year," stated the report.

The researchers estimate that the cost of an hour of downtime can vary from $200 to $89,000.




Tags: cloud computing, outage, downtime, report


0 Comments (click to add your comment)
Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 

IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.





×
We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.