The Total Cost of Downtime in Industrial Automation
The Total Cost of Downtime in
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How Much Does Downtime Cost Your Organization?
Across the spectrum of industries, one thing all companies agree on is that the cost of unplanned downtime is quite substantial. The vexing question is how much?
Surprisingly, a survey of operations people found that 71% of respondents admitted their company is not tracking downtime cost with any quantifiable metrics. That means most companies won’t know what an outage costs until it occurs and by then it’s too late to prevent such an incident.
In stark contrast, Stratus customers are keenly aware of how unplanned downtime could impact their businesses. In fact, a recent TechValidate survey of 533 Stratus users identified the five biggest cost factors from unplanned downtime: