IT ecosystem complexity, technical debt and misconfigurations commonly lead to enterprise outages, Splunk found. “We have downtime every day, sometimes multiple times a day,” ; Poonam Khemwani, executive director of IT and cloud security architecture at JPMorgan Chase ; , said in the report, noting the impact of latency issues and performance degradation.
Read on for insights on downtime’s most costly consequences in the finance industry, its common causes, and much more. Perspectives: Hello, and thank you for chatting with us today about the costs of downtime in the financial services ind ...
Downtime costs manufacturing companies $255m annually. Read Splunk’s latest report to learn how the most resilient manufacturers tackle minimizing financial damage.
Financial firms lose $152M yearly from downtime. Download Splunk's 'Hidden Costs of Downtime' report for top causes like cyber and network attacks, and learn how investing in Splunk's security, obs...
Downtime can come from anywhere · Downtime isn’t just an ITOps or engineering issue. It’s a security one as well. Understanding the most common culprits can help companies manage incident response and possibly prevent lightning from striking twice. The Global 2000 confirmed downtime’s dual origins: 56% come from security incidents while 44% stem from application or infrastructure issues. 52% of Communications and Media organizations say cybersecurity-related human error is “often” or...
We have all been there. When you are trying to buy a ticket and the app crashes or loads the next web page when booking a holiday only to find it takes forever and appears to hang. Our frustration level increases and if it continues, we will exit and go elsewhere. With banking apps though, we won’t move straight away but repeated bad experiences here will be remembered and eventually will make us move. The reliance on apps and web platforms, as well as digital transformation as a whole, has ac...
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Unplanned downtime is costing the world’s largest companies $400 billion a year, or roughly 9% of their profits, a new report has found. This is the equivalent of about $9,000 lost for every minute of system failure or service degradation. The report, published by the data management platform Splunk, also revealed that it takes 75 days for revenue for a Forbes Global 2000 company to recover to where it stood financially prior to the incident. Downtime directly results in financial losses through lost revenue, regulatory fines and overtime wag ...