It’s rather frustrating when your company’s IT experiences problems, but this goes far beyond the pure inconvenience of not being able to proceed with your work. It leads to lost productivity, missed sales and negative public image owing to people not being able to access your site or do business with you.
For all that is spent by small and medium enterprises on ensuring that their IT is in top shape, problems are still quite frequent and, when they occur, the company’s balance sheet tilts further towards the red. On top of all the costs mentioned in the previous paragraph, your company may need to pay an IT professional for troubleshooting and duly repairing any technical problems that arise. When you take it to a multinational scale, even an hour of downtime could cost more than $1 million, although that’s probably loose change to a global corporation.
Check out the infographic below from ERS IT Solutions for a series of eye-opening statistics about the extent to which IT downtime can harm businesses.
Forging the Next 250 Years: Powering the Next Era of American Manufacturing
Brooklyn Army Terminal (BAT) began as a World War II-era military supply base. Today it is New York City’s largest publicly owned industrial campus, with 59 waterfront acres, more than 4 million square feet and over 100 businesses. In this episode of Industry Insights, Bridget Chansakul, Vice President of Leasing & Portfolio Management at NYCEDC, explains what space is available and what’s planned for the 250,000+ square feet of new industrial space in Building A. She also covers how the ferry, parking and on-site childcare help tenants hire and keep workers, along with workforce partnerships, City incentives for manufacturers and where BAT is headed next.
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