According to Gartner
, the average cost of IT downtime is $5,600 per minute, which can be between $140,000 an hour on the low end to as much as $540,000 on the high end. Any business leader evaluating those costs will realize it is significantly less expensive for any organization to have multiple Internet connections than it is to experience an outage. Among the meaningful things impacted during an outage:
- A business’s hard-earned reputation
- A business’s immediate expenses such as idle labor and missed revenues
- Potential future revenue
In addition, business owners most grip the fact that customers who are unable to finish transactions or contact your care staff during an outage soon become lost customers.
What is the definition of Internet Failover?
Internet failover is simply a backup Internet connection that creates redundancy to safeguard your organization from the risks of your internet failing on just a single connection. It has never been easier or less expensive to set up Internet failover protection in large part to SD-WAN (Software-defined Wide Area Network) technologies like FoneLogix provides. When a company’s main internet access breaks, has data loss or delays, internet traffic flows over a backup connection using SD-WAN.
Who Needs Internet Failover?
While internet failover prevention is beneficial to any organization linked to the Internet, there are some industries that may have a greater need. To name a few:
- Agriculture and Farming
- Food and Beverage