Company
Date Published
Author
Coralogix Team
Word count
501
Language
English
Hacker News points
None

Summary

The text highlights the significant financial impact of downtime on major internet companies, focusing on examples like Amazon and Google. Amazon's 40-minute outage in August 2013 incurred a loss of $2.64 million, while Google's 5-minute downtime in the same month resulted in a $545,000 loss. The frequency of downtimes is emphasized, with a reference to a global map showing recent outages. A 2010 study by Emerson Network Power is cited, revealing an average cost of $500,000 per downtime event, with partial downtimes costing around $258,000. The text also notes that a substantial portion of downtime is spent on detection rather than resolution, and it suggests that downtime costs are expected to rise in the future.