A global survey reveals that IT downtime costs businesses an estimated $376.66 million annually, with major causes being network failures, service lapses, and human error.
Organizations with full-stack observability experienced 79% less downtime and 92% lower costs. However, only 25% have achieved comprehensive observability.
IT teams lose an average of 280 hours annually due to downtime, equating to 30% of a typical workweek. High-impact outages can cost over $1 million per hour.
Despite investing an average of $1.85 million in observability, nearly half of organizations struggle with uptime, emphasizing the need beyond just log data access.
Collection
[
|
...
]