🚀 Our new and improved Slack integration is now live! Read more here. 😎
IT Downtime Cost / Downtime Calculator
IT downtime can be costly for any business, leading to lost revenue, reduced productivity, and unhappy customers. Minimizing downtime and ensuring that critical systems are always up and running is key to scaling any business. Use our Downtime Cost Calculator to calculate the cost of downtime. Enter your Annual revenue, critical incidents per week and average time to resolve to find out the cost of your downtime per year.
Oops! Something went wrong while submitting the form.
How do you calculate downtime?
It is calculated by multiplying the average dowtime in minutes, number of incidents per month and the average cost of downtime per minute.
How does one prevent downtime?
There are several key steps that can be taken to minimize the risk of downtime, including implementing redundant systems, performing regular backups, and conducting thorough testing to identify and fix potential issues before they impact production. Monitoring and alerting are also critical components of preventing downtime, as they allow teams to quickly detect and address issues as they arise. Additionally, having a well-defined incident response plan and clear communication channels can help ensure that downtime incidents are resolved as quickly and efficiently as possible, minimizing their impact on users and business operations.
How to use this calculator?
1. Enter your Annual ARR. 2. Enter the number of critical incidents per month. 3. Enter the average time you take to resolve each incidents in minutes. 4. Press Calculate
What is SLA?
SLA stands for Service Level Agreement, which is a contractual agreement between a service provider and a customer that defines the level of service expected to be delivered. The SLA typically outlines the key performance indicators (KPIs) that will be used to measure the quality of service, such as uptime, response time, and resolution time. It also includes details on the consequences of failing to meet these targets, such as penalties or compensation.
What is Downtime?
Downtime refers to the period during which a service or system is unavailable and cannot fulfill its intended function. It can be caused by a variety of factors, including hardware or software failures, network outages, human error, or malicious attacks. Downtime can have serious consequences for businesses, including lost revenue, diminished customer trust, and damage to reputation. As an SRE, it is essential to minimize downtime by implementing robust monitoring and alerting systems, conducting frequent performance testing, and ensuring that backup and recovery processes are in place and regularly tested.
What Makes Squadcast Unique?
Fix issues faster, Be in Control
Upgrade system reliability and efficiency with our highly configurable rule-based automation engine. Refine key SLOs and SLIs to reflect customer happiness.
One platform for all your Reliability needs
Transition from on-call to SRE with a configurable feature set powered by an API first Incident Response ecosystem. Automate tasks, collaborate, make decisions and take actions - all under one hood.
Drive spends down while optimizing the Reliability and Resilience of your systems from one Simple, Affordable, Integrated, and Customizable platform.
Native Integrations with your Tech Stack
Hit the ground running with your preferred set of tools for monitoring, messaging, ticketing, log management, error tracking, ITSM and more.