IT downtime is costing companies billions every year — and they aren't getting any better at fixing it

Dedicated servers seen from behind.

IT downtime costs are setting some of the world's biggest companies with major knock-on effects and costly bills, new research from Splunk has claimed.

Its new report, ‘The Hidden Costs of Downtime,’ estimates the annual cost of unplanned downtime for the "Global 2,000 companies" - namely the biggest businesses around today - at a staggering $400 billion