93% of companies that lost their data center for 10 days or more
due to a disaster filed for bankruptcy within one year of the
disaster. 50% of businesses that found themselves without data
management for this same time period filed for bankruptcy
immediately.? (Source: National Archives and Records Administration in
Washington.)
Of those companies participating in the 2001 Cost of Downtime
Survey, 46% said each hour of downtime would cost their companies up
to $50,000, 28 percent said each hour would cost between $51,000 and
$250,000, 18 percent said each hour would cost between $251,000 and $1
million, 8 percent said it would cost their companies more than
$1million per hour.? (Source: 2001 Cost of Downtime Survey Results,
2001.)
At what point does loss of data threaten the survival of a
business? 40% of companies in the Cost of Downtime Survey said 72
hours, 21% said 48 hours, 15% said 24 hours, 8% said 8 hours, 9% said
4 hours, 3% said 1 hour, 4% said within the hour.? (Source: 2001 Cost
of Downtime Survey Results, 2001.)
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