Los Angeles IT Support Company TVG Consulting Explains How Businesses Lose Money From IT Downtime

NORTH HOLLYWOOD, Calif. - Aug. 29, 2013 - PRLog -- LOS ANGELES, California – August 19, 2013 – Garett Chipman of TVG Consulting (http://www.tvgconsulting.com/it-downtimes-and-support-what-will-an-it-malfunction-cost-your-business/) states that, “The median cost of information technology downtime for most companies across industries in the US was estimated at $5,600 per minute.  The average duration of reported downtimes was 90 minutes.  Computing the average cost per minute of $5,600, the result would be estimated at $505,500 per incident of downtime.”

The figures above outrageous, but are nothing when compared to the loss of a company’s good name or reputation because of an IT malfunction.  Consider the case Virgin Blues.  In September 2010, Virgin Blue’s airline’s check-in and online booking systems crashed.  The company suffered a hardware failure followed by a breakdown of the airline’s online ticketing, reservations, check-in and boarding systems.  The outage lasted for a growling 11 days, plus it affected more than 50,000 passengers and 400 flights.  This drew much negative publicity.  It also cost the company millions in profits and a damaged reputation.

In this post business owners and those looking to hire an IT consulting company will learn:

-  How to avoid losing money from an IT malfunction by hiring a good IT consulting company, and being proactive about managing your information systems

-  How much a business could lose from as little as one minute of downtime

-  How downtime can be even more costly for enterprises that rely heavily on the IT system’s ability to deliver data services to customers.

-  Average recovery times for IT outages and malfunctions

For more information about IT downtime and support visit this post here. (http://www.tvgconsulting.com/it-downtimes-and-support-wha...)

About TVG Solutions

TVG Solutions provides comprehensive IT support to small businesses (http://www.tvgconsulting.com/it-services/desktop-and-comp...) throughout the Los Angeles area. By using a managed solutions model, TVG Solutions is able to charge affordable fixed fees for handing the complete IT operations and infrastructure support that small business owners need.