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Avoiding the high business costs of a network outage

The internet of things has simplified daily business operations for several industries to a degree that is almost unmeasurable. It is on track to be an additional business-critical component of organizations, both large and small, that will require support, investment and continuity management.

The ability for businesses to connect and integrate all of their operations with IoT can simplify and resolve current problems, while also opening up new opportunities for growth. Business owners and department leaders will have more data available to them than ever before and, along with continuity managers, will need to understand how they will use the IoT technology, what their growth rate could be, what requirements and investments will be necessary and, perhaps most importantly, how to keep operations running when something out of your control inhibits your ability to get work done.

With all of this interconnectivity and data available at our fingertips, it can cost considerable time and money when business operations are disrupted by a network outage. In fact, a report from Gartner has estimated the cost of an outage for the average business at roughly $300,000 per hour. If the disruption lasts a significant amount of time, it can also cause damage to a company’s reputation, employee morale and customer loyalty. Because businesses of all sizes rely on landline network technology for their operations, an outage interrupting the workday is a matter of when, not if. This is why it is important to have a business continuity solution to ensure that your operations can keep functioning seamlessly even when there is a network outage.

A majority of landline network outages are caused by nearby occurrences, from a routine maintenance blunder to a weather disaster — many times by no fault of the company. These events seldom impact the wireless networks, so cell service is almost always available when landlines are down. Having a business continuity solution that uses a wireless connection creates a network redundancy and helps safeguard against a loss in your network connection.

A wireless business continuity solution can automatically switch over to a wireless network when a landline goes down. High-speed wireless technology offers always-on, cost-effective connectivity and for businesses with limited IT resources, wireless continuity solutions are easily scalable, easily managed and easily set up. Because of this, it is not uncommon for a wireless business continuity system to pay for itself after just one incident.

Network outages can impact almost every aspect of business processes, including online ordering, in-store transactions, inventory management, supply chain, human resources and customer service. The costs of network downtime combined with the high risk of one happening underscore the need for a wireless business continuity system.

A business continuity system that uses standalone gateways supported by a cloud management tool provides the most flexibility and functionality because it helps ensure continuity while increasing operational efficiency. There is no need to travel to different locations to inspect, monitor or maintain equipment because it is handled wirelessly and remotely from any site.

While no solution can prevent all network interruptions, minimizing downtime is critical to business operations.

All IoT Agenda network contributors are responsible for the content and accuracy of their posts. Opinions are of the writers and do not necessarily convey the thoughts of IoT Agenda.

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