For companies that utilize connectivity in every business, the network is very important. So what happens if the network suddenly goes down? Of course the price you have to pay to fix it is not small, right? Moreover, the network outage can affect various aspects of your business. What are the impacts caused by a network outage? Let’s read this article to find out the impact on your business and how to overcome it.
Cost Loss
Gartner analyst Andrew Lerner, quoted in an article written by John Dickey, noted in a report that the cost of downtime or outages is usually called $ 5,600 for every minute. Still in the same article, IHS reported that at least network outages in medium to large companies occur for 5 minutes every month. If calculated, the cost of this problem in each company is $ 1 million per year for medium companies and $ 60 million per year for large companies.
Deconstructing the Price of Outages
In addition to the considerable costs that you have to pay, there are other costs that play a role. For example, when you also have to think about your company’s performance in the eyes of customers. If this network outage occurs continuously, then it is unlikely that your customers will be disappointed and prefer to look for a competitor to your business. Not only that, if the network goes out at the company’s branch location while the number of IT staff at that location is inadequate or there are no members at that location, then you also have to spend additional costs such as travel costs to the location to see the problems that occur. This can also cause a long outage because of the time it takes for IT staff to reach the location.
Prevent with SD-WAN
There are various ways that you can do to overcome network outages in your company. According to Dickey, one way that you can apply as one of the best ways is to place the monitoring and visibility capabilities needed to support the IT team effectively. This means allowing the network to be able to proactively respond to changing conditions in real time. To fulfill this, you can utilize SD-WAN technology. What is SD-WAN? Software-defined wide-area network (SD-WAN) is software that is connected to a WAN. Its use is to connect corporate networks that have branch offices and data centers that have a wide geographical distance. Because this is a solution that can proactively measure key network metrics and route traffic according to what is happening in the WAN in real time. SD-WAN can direct network traffic to other, higher quality paths if a network link is degraded by packet loss, latency or jitter.
To ensure your network remains optimal, you need a network monitoring solution to make it easier for you to prevent network outages. We can recommend our product, Netmonk Prime, as a network monitoring solution in your company. There are various superior features, namely being able to help monitor the network and notifications in real time, and periodic reports that can be downloaded in PDF format. If you are interested in finding out more about Netmonk products, please visit our website here.
References:
https://www.itproportal.com/features/what-does-a-network-outage-really-cost/
