The cost of downtime is categorized as any profits lost by a company when its equipment or network stops functioning for a period of time. While this financial loss due to loss of time can be extensive, there are many other ways downtime can negatively impact your business as well.
One of the more serious long-term consequences of downtime is the damage done to your company’s reputation. If clients or customers experience frequent outage’s when using your company’s services, not only will you inevitably lose clients for good but some of them may leave bad reviews and negatively talk about your company to others. Word of mouth and brand reputation can heavily influence whether or not you can obtain new clients, and if your company suffers from unplanned downtime it will inevitably hurt your success.
In this digital age, nearly every business model includes an assortment of online services from communication platforms to placing orders to providing your clients with time-sensitive information. This means that with every minute of downtime your company experiences, your productivity decreases or gets pushed back. While that’s something to consider and factor in with scheduled downtime, it’s much more extreme with a company-wide outage. This can terminate work for the whole company for an unknown period of time, directly impacting and even halting productivity.
Lack of productivity ends up directly correlating with a loss of profits. At Trinsic Technologies, we worry about your IT so that you can run your business. We promise to enhance your productivity and your profitability, all the while mitigating your risk as your managed IT partner. Through our cloud hosting services, we can promise you data security, reliability, and 24/7 support.
Data loss is a huge stress on any and all companies, no matter the size. While not always the case, server downtime comes with the potential risk of data fraud. The more downtime you have the more panic the company will feel that data fraud is potentially happening without your knowledge. This panic can cause companies to lose trust in their managed service provider and leave after an incident occurs.
Whether you’re looking for a dynamic partner on your next tech project, a reputable managed IT service provider, or are interested in joining our team of seriously awesome technicians — submit a contact form and we’ll be in touch!