By Phil Carter, Director of IoT and Managed Print Services, Lexmark – Downtime is a danger that all businesses face. If ignored, it can cause serious disruption and damage to an organization’s operations, especially during a time when consistency and continuity are mission critical.

Whether it’s through human error or device-related glitches, research shows that a staggering 82% of business experienced at least one unplanned downtime incident during the past three years.

In manufacturing, the statistic is even bleaker, with companies suffering from 800 hours of equipment-related downtime annually – amounting to more than 15 hours per week. The knock-on effects are monumental, with unplanned downtime costing manufacturers as much as $50 billion annually.

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SOURCE Lexmark