Businesses lose $21.8m to downtime

Veeam announces Q1 results
Veeam leads cloud data management market as it kicks off 2019 with Q1 double-digit growth.
82 percent of enterprises are facing a gap between user demand and what IT can deliver.
82 percent of enterprises are facing a gap between user demand and what IT can deliver.

The Veeam Availability report released late last month revealed that organisations lost an average of $21.8 million due to unplanned downtime.

The 2017 Veeam Availability Report surveyed more than 1,000 senior IT leaders from 24 countries and shows that 69 percent of global enterprises feel that Availability is a requirement for Digital Transformation.

According to Veeam, 66 percent of senior IT leaders feel that digital transformation is being held back by downtime due to cyber-attacks infrastructure failures, network outages, and natural disasters.

Many organizations are still “planning” or “just beginning” their transformational journeys, more than two-thirds agree that these initiatives are critical or very important to their C-suite and lines of business.

“The results of this survey show that most companies, even large, international enterprises, continue to struggle with fundamental backup/recovery capabilities, which along with affecting productivity and profitability are also hindering strategic initiatives like Digital Transformation.” said Jason Buffington Principal Analyst for data protection at the Enterprise Strategy Group.

The report shows that more and more companies are considering cloud as a viable springboard to their digital agenda, with software as a service investment expected to increase by over 50 percent in the next 12 months. According to the report, 43 percent of business leaders believe cloud providers can deliver better service levels for mission-critical data than their internal IT processes. Investments in Backup-as-a-Service (BaaS) and Disaster Recovery as a Service (DRaaS) are expected to rise similarly as organisations combine them with cloud.

“In considering the startling Availability and Protection gaps that are prevalent today, IT is failing to meet the needs of their business units, which should gravely concern IT leaders and those who answer to the Board.” said Jason Buffington.

Staff Writer