True Impact of IT Disaster on Your Business's Bottom Line
The impact of IT disasters on a business can be profound, significantly affecting its bottom line. When an IT system fails, companies often face immediate consequences such as downtime, which can result in lost revenue and decreased productivity. The cost of IT failure encompasses not just the direct expenses associated with recovery—such as hiring external consultants or investing in new hardware—but also the indirect costs, including disruptions to daily operations and the potential loss of customer trust. Businesses may find that these failures lead to a cascading effect, with diminished efficiency and increased operational costs in the long run.
