The Cost of IT Failure: Is your business at risk?
Tuesday, October 6th, 2009
Given the way the world today so heavily relies on the pursuit of technology, it’s difficult to operate a business without a little investment in the IT realm. For some, however, investing in technology isn’t always a guaranteed success. In fact, I recently came across a figure that estimated the annual cost of IT failures worldwide came to a total of $6.2 trillion — yes, that’s trillion. While the calculations were based on a number of major assumptions, including the average rate of failure and money invested into IT projects, the number still begs the question: how much are failed IT endeavors costing you?
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