Observability leaders saving millions in downtime costs
Leading adopters of cybersecurity observability are able to cut downtime costs by an average of 90%, according to new research from Splunk.
The company’s latest State of Observability report, prepared in collaboration with the Enterprise Strategy Group, found that the most proficient practitioners are able to help cut downtime costs for their organisation from an estimated average of $23.8 million annually to just $2.5 million.
Leading observability adopters have also launched 60% more products or revenue streams from AppDev teams in the last year compared to beginners. Meanwhile, observability leaders report a 69% better mean time to resolution for unplanned downtime or performance degradation.
The report also found that twice as many leaders can detect problems associated with internally developed applications within minutes than beginners, and 66% of leaders compared to just 44% of beginners report that their visibility into application performance is excellent.
Splunk SVP and GM for Observability Spiros Xanthos said the research demonstrates the important role of observability for any business.
“The most sophisticated observability practitioners have given themselves an edge in digital transformation, while massively cutting costs associated with downtime and boosting their ability to out-innovate the competition,” he said.
“These observability leaders are more competitive, more resilient and more efficient as a result.”
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