What on Earth is a Colo? Colocation, shortened to colo, generally means the placement of several entities in a single location. In the tech world, it is simply a type of data center where equipment, space, and bandwidth are available for rental to retail customers. Colocation facilities provide space, power, cooling, and physical security for the server, storage, and networking equipment of other firms—and connect them to a variety of telecommunications and network service providers—with a minimum of cost and complexity.
CA Technologies conducted a study of 200 businesses across North America in 2011. Their survey showed that a total of $26.5 Billion USD is lost each year due to IT downtime. Since then, the cost of downtime has increased as more businesses transitioned into web-based storefronts.
From that survey, we learned that:
- On average, each company lost $159,331 per year.
- North American businesses collectively suffer from 1,661,321 hours of IT downtime each year. That’s an average of 10 hours per company, per year.
- During these periods, when business critical systems are interrupted, companies estimated that their ability to generate revenue was reduced by 29%.
- Post IT downtime, (i.e. when IT systems are up and running), there’s an additional delay of 7.5 hours per year at each firm during which time data is still being recovered. Across North America, that’s another 1,255,220 hours when business operations aren’t fully operational.
- In this post-outage period when data recovery is taking place, company revenue generation is still severely
hampered, down by an average of 17%.
Maintaining your own server can be a timely and costly decision. When computing this cost, you need to factor in an IT system administrators salary unless you learn SQL. By having an onsite server, there are also costs of upkeep such as the costs of cooling and powering as well as backups. These costs can be nearly $1000 or more per month.
What Are My Options?
There are cloud solutions that are competitively priced and better suited for small and medium-sized businesses but they are not always the most secure. That’s where Supercell Systems comes in. Whether your equipment is onsite or in a server farm, we can help you grow your business. You’re already great at managing your business, so let us help you manage your IT services. For more information, contact us today!