Cost of Downtime – Calculate it Yourself
How much do you lose from unexpected downtime of your servers & business applications? The simplest way to calculate potential revenue losses during an outage is with the equation:
LOST REVENUE = (GR/TH) x I x H
GR = Gross Yearly Revenue
TH = Total Yearly Business Hours
I = Percentage Impact
H = Number of Hours of Outage
Small Business Example: According to the Small Business Administration (SBA.gov), the average annual revenue of a small retail or services business is $7 million, and according to Gartner Research Group (Gartner.com), the average business suffers 87 hours of downtime per year. Let’s use these in our example…
GR = $7,000,000.00
TH = 2,340
I = .293%
H = 87.3
LOST REVENUE = (7,000,000/2340) x .0293 x 87.3 = $7,651.81/Year
If your business grosses higher revenues, operates less business hours, or has a greater average downtime percentage than this example, your costs will be significantly higher. Calculate it yourself and find out what downtime is costing your business!