Among U.S. businesses, 71 percent lost anywhere from $125,000 to $17 million from just 10 hours of downtime per year, according to a recent survey from market research firm IDC.
System failures can have particularly huge implications for warehouses. Some can’t afford to experience downtime even for an hour. In some industries, 10 minutes of downtime can equate to a million dollar loss. For pharmaceutical and food distributors, downtime can mean the death of the organization. It also can impact human lives if the supply chain is disrupted.