7 IT statistics that will blow your mind!

Posted by Jennifer Bridgeman_ on Nov 30, 2017 7:45:00 AM
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AstoundingITstatistics.jpgWe’re always coming across lots of statistics in our research and so our marketing department decided to put together a list of seven IT statistics that we found
interesting, even shocking!

We then asked our in-house experts if they could comment on each statistic; to put some context around the figures and hopefully provide some further insight into these astounding facts.

Take a gander!

 

 

1.   More than 91% of surveyed IT firms reported attacks on their clients in the last year

“This statistic backs up why many companies turn to Managed Services as a way to increase security. Backend systems gain a security boost when moved to managed services so most of these attacks are successfully defended. This figure backs up the importance of having a proper backup and a monitoring system in place to help detect and deal with threats quickly.”

-Benoit Mercier, Professional Services Manager

Source: Datto’s State of the Channel Ransomware Report 

 

2.   98% of organizations say a single hour of downtime costs over $100,000

"To be more precise, the statistics refers to large enterprises with more than 1,000 employees, that say on average, a single hour of downtime per year costs their company over $100,000, while 81% of these organizations report that the cost exceeds $300,000. Even more significantly: 3 in 10 enterprises -33% – indicate that hourly downtime costs their firms $1 million or more. It’s important to note that these statistics represent the “average” hourly cost of downtime.  In a worst case scenario – if any device or application becomes unavailable for any reason the monetary losses to the organization can reach millions per minute.

Your organization can tolerate a certain amount of downtime before causing irreparable damage. But in order to know what that is, you need to understand the cost of response and recovery for each application. To do this, you need to calculate the cost of downtime per hour, your Recovery Time Objective (RTO) and your Recovery Point Objective (RPO)."

-Francois Desjardins, Account Manager

Source: Information Technology Intelligence Consulting Research

 

3.  Global ransomware damage costs rise 15X in 2 years to hit $5 billion in 2017

“A 15X increase in two years is significant and it is expected to get worse. It is predicted that by 2019, a business will fall victim to a ransomware attack every 14 seconds! And just as no industry is immune, organizations of all sizes — from enterprises to SMBs — will continue to see an increase in attacks. 

The costs include damage and destruction (or loss) of data, downtime, lost productivity, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hostage data and systems, reputational harm, and employee training in direct response to the ransomware attacks.

Companies can protect themselves by having a bulletfroof air gap recovery system in place so a ransomware infection can’t destroy your data forever and keeping systems and software patched and up to date. Or better yet, outsource the maintenance and monitoring of your systems to a managed services provider and let the experts make sure you are protected.”

-Claude Gagné, Solutions Architect

Source: Ransomware Damage Report by CyberSecurity Ventures

 

4.  2/3 of CEOs from Global 2000 global companies surveyed will have digital transformation at the center of their corporate strategy by the end of 2017 

“We’ve been talking about IT transformation for a while now and here in Canada we are finally starting to see companies move into the action and adoption stage more widely. It starts with simplifying the infrastructure and by rethinking IT in order to be faster, save costs and spend more time on strategic projects for the business.

-Marc Beaulieu, president

Source: IDC FutureScape: Worldwide Digital Transformation 2017 Predictions

 

5.  The third biggest obstacle to achieving an efficient digital transformation is “current IT systems”.

“Digital transformation is often paralyzed by business systems that are outdated and complex to integrate to new technology. As well, maintaining these systems is expensive and time consuming. It begins by shifting traditional IT environments to more agile and efficient platforms such as public Cloud, Software Defined Data Center (SDDC) and Hyperconverged Infrastructure (HCI). Our new ebook on the topic can help facilitate your reflection.”

-Pierre Lavoie, Client Manager

Source: Capgemini -The Digital Advantage: How digital leaders outperform their peers in every industry

 

6.  60% of companies that lose their data will shut down within six months of the disaster 

 “Although a US statistics, it is most likely accurate for Canada as well. Companies often underestimate the impact of data loss as well as overlook the main cause of data loss which is human error, then viruses & malware, then hardware malfunction.

In order to continue running your business after a major data loss, the minimum DRP solution of replication data to an offsite location is essential. But more than that, a full business continuity plan should be in place and be tested so that if a real disaster occurs, you’ll be able to recover as quickly as possible."

-Marc Therrien, Solutions Architect

Source: U.S. National Archives & Records Administration

 

7.  Natural Disasters account for only 1% of all data loss while hardware failure, human error, security breaches or viruses account for the majority.

“There is no doubt that one of the main assets of a company is its data. Therefore, it should be protected with fervor. It is estimated that about a third of data loss is caused by hardware / system failure.  System failures cannot be completely prevented, but steps can be taken to reduce the likelihood of losing data when they occur. One of the most common steps is to implement a high availability solution for mission-critical applications.”

-Alex Vallières, Account Manager

Source: IDC

 

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The right use of technology addresses business challenges and drives business growth in all areas of an enterprise.  We hope this blog will offer insight into developing strategies and tactics to enable you to identify those key drivers of growth and keep pace with and anticipate the rapid technology change of today.

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