The Cost Of Downtime = Risk Management
Dive into those SLAs (service level agreements). They’re your provider’s spell out the uptime guarantees. For example, with AWS, downtime affects your wallet differently based on their tiers. If AWS’s API Gateway dips for three hours, that’s 99.58% uptime, triggering a 10% service credit your way. GCP triggers a 25% payout if App Engine isn’t available 99% of the time in a month. A quick tip: Priz.ai can automate the credit recapture process for your organization automatically analyzing your bill for opportunities to find cost saving based on downtime. Always review your cloud service agreements. It’s like finding a hidden perk you didn’t know you had.
In the digital age, these downtime costs are more than just numbers—they’re a wake-up call. Downtime is a universal headache, with costs soaring in our digital-first world. Although we cannot prevent these impacts, sitting on the sidelines isn’t a good strategy.
Did you know nearly every business says a single downtime hour can cost them a whopping $100K? Might be worth diving into those SLAs (service level agreements). Your cloud service provider’s spell out the uptime guarantees. With Priz.ai you can automate the credit recapture process for your organization automatically analyzing your bill for opportunities to find cost saving based on downtime.
