The ROI of Network Monitoring Software
If your IT department is like most, every dollar you spend demands a justification and network monitoring software is no exception. Understanding and determining ROI doesn't have to be impossible. We can help you make the case for network monitoring to your peers or managment. Keep reading to find out why investing in a network monitoring solution like Intermapper is a smart choice for your organization.
How Much Does Network Downtime Cost?
Downtime isn’t cheap. In fact, the costs can be downright exorbitant. Here are some sobering averages of the cost of downtime according to one report:
- A single hour of downtime now costs 98% of firms at least $100,000
- 86% of businesses say that the cost for one hour of downtime is $300,000 or higher.
- One-in-three organizations say the cost of a single hour of downtime can reach $1 million to over $5 million
6 Ways to Save with Network Monitoring Software
Investing in software like Intermapper enables savings in all of these areas—which leads to positive ROI.
1. Staff Time
When your network engineer no longer has to spend hours a week manually monitoring and troubleshooting network incidents, his time can be reallocated to more strategic work.
2. Network Issues
Getting notified of red flags before situations worsen helps IT find and fix network performance problems faster, keep users happy, and stave off more serious problems should the issue have gone unnoticed.
3. Support Calls
Better network monitoring leads to lower support call volume so IT can focus their energy on more critical projects.
4. Time to Fix
Without visibility, locating the source of network problems can take hours—and in a network emergency, every minute counts. Reducing troubleshooting time to minutes instead of hours or days helps restore smooth performance faster and saves IT time.
Whether you’re keeping internal users happy or meeting pre-determined service-level agreements for customers, network monitoring software helps you guarantee SLAs by getting advance notice of disruptions.
The failure of an email server, website, core device, or entire network could mean stalled productivity, lost revenue, and tarnished customer relationships. Consequences of downtime vary by industry and business, but they’re usually serious.
Other Factors to Network Monitoring ROI
Downtime is expensive and network monitoring helps reduce the risk. That reason alone makes it easy to see the ROI of a network monitoring solution. But there are other factors to consider when evaluating solutions that can help you see an even greater ROI. Consider the following:
- Is the licensing model subscription or perpetual?
- What are the yearly maintenance costs?
- Can the software scale with you as your organization grows?
- Is there extra training or services required to get up and running?
Don't Pay for What You Don't Need
Other competitors may charge extra for important features or have packages that make you pay for items you don't need and won't use. This can quickly eat away at your ROI. That’s why Intermapper is priced for everyday network monitoring. Our simple, predictable device-based pricing allows organizations to grow with their changing environments.
Convince Your Boss with These Customizable Slides
This simple six-slide deck includes a customizable slide on your specific IT objectives, the cost of downtime, the ROI of network monitoring, and why Intermapper can help. Use it as a starting point to guide conversations and help justify your software investment.