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  1. trilio.io › resources › cost-of-downtimeThe True Cost of Downtime: 21 Stats You Need to Know - Trilio

    Aug 11, 2022 · Uptime Institute’s 2022 Outage Analysis Report found that downtime costs continue to rise. According to ITIC’s 2022 Global Server Hardware Security survey findings one of the drivers is the expensive nature of cybercrime. ITIC’s latest research shows the Hourly Cost of Downtime now exceeds $300,000 for 91% of SME and large enterprises.

  2. assets.new.siemens.com › siemens › assetsSENSEYE PREDICTIVE MAINTENANCE The True Cost of Downtime 2022 -...

    Among Fortune Global 500 companies, the annual cost of downtime is now $129 million per facility, up 65% on our last survey in 2019-20. Breaking the costs down by sector, the cost of a lost hour now ranges from an average of $39,000 for factories producing Fast Moving Consumer Goods, to more than $2m an hour in Automotive.

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  4. www.forbes.com › sites › forbestechcouncilThe True Cost Of Downtime (And How To Avoid It) - Forbes

    Apr 10, 2024 · According to recent research, the average cost of downtime has inched as high as $9,000 per minute for large organizations. For higher-risk enterprises like finance and healthcare, downtime...

  5. www.datafoundry.com › how-to-calculate-the-true-cost-of-downtimeHow to Calculate the True Cost of Downtime | Data Foundry

    Mar 17, 2021 · Understanding what IT downtime truly costs means understanding where that money goes to, namely labor cost, production cost, revenue loss, and reputation damage control. Cost of Downtime Ranges $137 to $17,244 per Minute

  6. blog.siemens.com › 2023 › 04The True Cost of Downtime by Emily Johnson on Siemens Blog

    Apr 3, 2023 · The True Cost of Downtime World’s largest manufacturers lose $1.5 trillion a year to production outages, as the cost of failure soars The report reveals that unplanned downtime costs manufacturers at least 50 per cent more today than it did in the period 2019-20, due to spiraling inflation and production lines running at higher capacity.

  7. oden.io › blog › downtime-in-manufacturing-the-true-costDowntime in Manufacturing: What’s the True Cost? - Oden

    Apr 2, 2020 · The True Costs of Downtime (also known as TDC), consists of analyzing all cost factors associated with downtime. The two variables of TDC are tangible costs and intangible costs. This information is then used for management decisions and for the justification of costs.

  8. evocon.com › articles › cost-of-downtime-in-manufacturingCost of Downtime in Manufacturing: Insights & Implications

    Jul 17, 2023 · According to Siemens’ report (published in 2023), the cost of downtime has significantly increased over the past two years (2021-22), with unplanned downtime now costing Fortune Global 500 companies 11% of their yearly turnover, almost $1.5 trillion, up from $864 billion two years ago (2019-20).