The majority have companies have experienced at least one unplanned downtime outage over the past three years, lasting an average of four hours, according to new research.
Unplanned downtime costs $260,000 an hour across all businesses, with two episodes of downtime lasting four hours each equates to more than $2m. The issue is being compounded by the more than two-thirds (70%) of companies which lack full awareness of when their equipment is due for maintenance, upgrade or replacement. The costs, causes and…
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