Business
New Research: Only 4% of US Organizations Avoid Network Outages in an Average Quarter
Opengear shares research revealing that 96% of US businesses experience at least one outage quarterly, pointing to the need for improved network resilience
About this update from Digi International Inc.
[{"type":"text","content":"\nOpengear shares research revealing that 96% of US businesses experience at least one outage quarterly, pointing to the need for improved network resilience\n\n\n EDISON, N.J.--(BUSINESS WIRE)--\nFewer than one in twenty CIOs can claim that they have avoided a network outage, according to new research by Opengear, a Digi International company (NASDAQ, DGII, www.digi.com) and provider of secure and Smart Out of Band management solutions.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230620076614/en/Opengear shares research revealing that 96% of US businesses experience at least one outage quarterly, pointing to the need for improved network resilience (Graphic: Business Wire)\nThis finding is among new research by Opengear of both CIOs and network engineers in the US. The scale and frequency of network outages is revealed by 96% of CIOs stating that they experience downtime at least once a quarter.\n\n\nFurther survey statistics reveal that network downtime has a significant financial impact for businesses. Figures show that for each minute of disruption, 24% of organizations lose between $2,501 and $5,000. As an average, this figure equates to $4,344 for every minute of downtime incurred.\n\n\nDue to continued network outages and rising economic pressures, 79% of CIOs now say it’s harder to meet customer expectations in today’s environment, a concern also reflected by 68% of network engineers.\n\n\n92% of CIOs have therefore increased their budget over the last 12 months to improve their network resilience, with almost half (44%) dedicating over 50% of their IT budget to infrastructure spend in order to secure their operations.\n\n\n“Our research findings lay bare the challenges that organizations in the US are facing with network outages in 2023,” said Gary Marks, President at Opengear. “It’s perhaps unsurprising that CIOs are allocating more investment to network resiliency to ensure that downtime doesn’t occur. The key is where this investment is being targeted. From critical first day deployments and everyday maintenance, to worst day scenarios such as network outages, organizations need always-on access to their critical resources to ensure business continuity. Smart Out of Band technologies can enable remediation of network issues from any location, helping...