ESG (Environmental, Social, and Governance) is a relatively new area of interest within the corporate landscape. And as such, there isn’t yet a single global standard for it. The solution? A well-structured GRC strategy. Read all about how you can use it to seamlessly streamline your ESG dashboard.

IT professionals obsess about high availability. They strive to make IT systems accessible to all stakeholders, internal and external, all the time. But making the case for high availability outside of IT can be challenging, especially when it comes to budgeting for the costs of business continuity and disaster recovery — and the expenses of inadequate BCP.

Many IT managers strive to reach “five 9s of availability:”

  • The five 9’s stand for 99.999% availability over 24 hours a day, 7 days a week, and 365 days each year.
  • And the .001% equates to 5.26 minutes of unscheduled downtime a year, or 25.9 seconds a month.

While less than 30 seconds a month may seem inconsequential, the hidden costs behind that number are not. Demonstrating the cost of not doing due diligence for Disaster Recovery (DR) and Business Continuity Planning (BCP), can greatly help in:

  • Creating a unified understanding of DR / BCP
  • Obtaining budget for resilient IT systems
  • Demonstrating that it is not only an IT problem
  • Raising awareness and appreciation for the complexity of IT

Estimations vary on the average cost of a single minute of IT downtime, from Gartner’s conservative estimate of $5,600 per minute to a Ponemon Institute study that set it at nearly $9,000 per minute.

Unfortunately, no company is average. It’s up to you to research and present downtime costs to senior management, especially prior to submitting your technology budget for Blade Servers, Virtualization, or a redundant data center in event of a disaster. Here is one way to make the case.

SOURCE : SAI360

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