#MillenniumLive , Podcast , Retail
Every CIO is aware of the costs of downtime to the business. You know it’s a nightmare best avoided. The most recent stats from Gartner put the average cost of IT downtime at $5,600 per minute — but for some businesses, it’s as high $540,000 per minute. For stock trading platforms, the fallout from downtime can be in the billions of dollars. That doesn’t even include the costs of diverting IT staff from their regular work to deal with a downtime emergency. The cost to brand reputation and legal penalties can deal a mortal blow.
It’s important to understand that if you’re using multiple clouds, the potential for downtime increases. Why? Because there are more environments in the mix with often different technologies, and because moving things around between them can be error-prone. Even the most skilled IT administrator is still occasionally subject to a uniquely human failing: We make mistakes.
Now, however, the management complexity that companies with many different clouds experience has been abstracted and simplified. Automated management platforms are available to decrease the potential for downtime in whatever type of cloud you use, whether public, private, multi-cloud, or hybrid cloud.
For exclusive access to the full whitepaper, go here!
Innovation Study Tour
Nutanix has recently announced their Innovation Study Tour, an intimate one-day event where they’ll cover strategies to navigate and lead through digital transformation. This free one-day event is taking place on Tuesday, December 10th at the Four Seasons Palo Alto.
Join key industry leaders, IT executives & featured speakers:
Dave Knox, Best Selling Author and a Digital Transformation Expert will share his thoughts on how companies can develop the business fundamentals, strategies, and solutions to identify and create innovative models.
Gauthier Vasseur, UC Berkeley Professor, President & CEO at Data Wise, will share his perspective on how companies can operationalize their digital transformation by bringing applicable knowledge to data management in order to foster collaboration and innovation.
Wendy M. Pfeiffer, Chief Information Officer at Nutanix, will weave the story together in a meaningful way, so that you walk away feeling confident about taking the necessary risks to adapt to a new reality and tips on how to lead through change.
To RSVP, secure your spot here!
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