Calculating the True Cost of IT Outages and Downtime

0
923

In response to rapidly changing workplace needs, many companies launched into scaling up their tech stacks and providing employees with new tools that promised greater efficiency, improved productivity, and a better digital experience. Research shows, however, that 40% of employees and 44% of executives believe that employees are either somewhat or significantly over-provisioned by tech at work. As a result, workplaces now are grappling with an abundance of tools that were poorly matched both to employees' needs and to specific workplace challenges.

The underlying disconnect is this: companies focused too much on providing new equipment to teams in an attempt to make broad, sweeping improvements in productivity or to accelerate business transformations. In turn, they fell short of providing the right equipment to the right employee at the right time.

Without specific and actionable insights into employees' daily tech-related experiences—such as whether latency is affecting their work or whether a desktop is about to bluescreen—executives and IT leaders are, essentially, winging it with end-user tech investments. And, yes, while these tech investments are well-informed by expert opinions and strategic assessments of both the market and the company's needs, IT leaders inevitably need more data to make a compelling business case that the C-suite will approve.

Fortunately, IT leaders today have a seat at the strategy table, as IT's old-school “cost center” designation has evolved. IT leaders are data-driven stakeholders that hold the key for unlocking strategic insights about the health of an organization, its systems, and the overall digital risk the company faces. As such, IT leaders need data that speaks to issues such as system downtime, latency, and other tech issues both at the individual level and across the organization.

Resource allocation based on IT health

Measuring the health of an organization's entire tech stack doesn't come down to a single data set. A company's IT health includes multiple data points collected from multiple systems. Calculating the financial impact of IT decisions requires collating data related to KPIs, digital employee experiences (DEX), technical debt, and the entire IT estate.

This data-driven approach isn't just a tech one; it's a financial one as well. Without a proactive approach to IT, the monetary impact of IT issues on an organization's bottom line can be significant. With an average of 54 minutes per week, per worker lost to IT issues, companies need a clear and measurable solution to minimize productivity costs.

To Know More, Read Full Article @ https://ai-techpark.com/cost-if-it-issues/ 

Read Related Articles:

Effective Machine Identity Management

Neural Network Technology

Maximize your growth potential with the seasoned experts at  SalesmarkGlobal , shaping demand performance with strategic wisdom.

Sponsored
Search
Sponsored
Categories
Read More
Various
Viet Nam Geotechnical Engineering Market Analysis Size, Revenue Analysis, Industry Outlook, Forecast, 2024-2032
The Viet Nam Geotechnical Engineering Market, a critical segment of the civil engineering...
By Aaron Donald 2024-05-30 12:19:57 0 423
Business
Autonomous Mobile Manipulator Robots (AMMR) Market Assessment, Worldwide Growth, Key Players, Analysis and Forecast to 2028
Market overviewAutonomous mobile manipulator robot is register or not vertices are of 25.3% and...
By Chaitali Deshpande 2023-02-20 10:38:23 0 2K
Business
Rum Market Outlook of Top Companies, Regional Share, and Province Forecast 2030.
Introduction Rum, frequently associated with tropical recesses and classic amalgamations like the...
By Ritu Patel 2024-03-22 06:32:40 0 669
Construction and repair
Solar Panel Market Aiming for USD 275.16 Billion by 2030 with Steady Expansion
Solar Panel Market Overview: Maximize Market Research is a Business Consultancy Firm that has...
By Shweta Jadhav 2024-10-10 05:27:26 0 0
Products and stores
Boss Summoning Material Prices Adjusted – Game Updates
Boss summoning material sale prices have been adjusted for better game economy:...
By Xtameem Xtameem 2024-08-16 04:08:11 0 92