Network downtime is a nightmare for businesses in today’s hyper-connected world, both in terms of cost and disruption. The importance of effective network management cannot be overstated. According to recent statistics, an hour of network downtime costs an average of $300,000 for businesses, and this number is increasing year by year. The repercussions of network failures extend beyond financial losses, affecting productivity, reputation, and customer satisfaction. Forbes says that 60% of small businesses which suffer a cyber-attack go out of business within six months.
To navigate the complex and ever-evolving landscape of network management, businesses are turning to Network Operations Centers (NOCs) as their first line of defence.
Network Management and Its Importance for Businesses
Network management involves the administration, monitoring, and optimization of an organization’s network infrastructure. It’s a critical aspect of modern business operations, as networks are the lifelines that facilitate communication, data exchange, and access to critical applications.
By 2024, Ericsson predicts there will be 1.5 billion 5G subscriptions for enhanced mobile broadband and 4.1 billion global cellular IoT connections. The sheer volume of use and devices connected to the network is challenging human capabilities to respond to all incidents. Troubleshooting millions of incoming alarms can lead to cascading problems that slow down response time and put strain on engineers.
According to technical data journal, Data Center Review, 53% of IT professionals say that network outages are the most common IT issue they face. To handle the complexity of these new products, it’s clear that effective network management is imperative for businesses. This is where the role of NOC comes in.
Role of NOC in Network Management
A NOC is a centralized hub where IT professionals monitor, manage, and maintain an organization’s network infrastructure. Its primary function is to ensure the uninterrupted operation of network systems and troubleshoot issues in real-time. The NOC team is comprised of skilled technicians who leverage advanced tools and technologies to proactively identify and address network problems.
How does a NOC Prevent Downtime for Businesses?
A leading e-commerce platform, grappled with frequent system downtime, resulting in dissatisfied customers and revenue losses. They were in dire need of an expert NOC provider to address these challenges. The company narrowed down to Skillmine NOC services to resolve these concerns.
The NOC team consistently monitored the company’s network infrastructure, promptly identifying potential threats or vulnerabilities. With round-the-clock NOC services, issues were promptly addressed, preventing prolonged system failures. The NOC team also improved system performance by 47%, ensuring smoother operations, through thorough analysis and optimization of network resources.
A renowned financial services company faced operational disruptions due to frequent network outages. Recognizing the importance of NOC services in mitigating downtime risks, the company approached Skillmine to implement them.
The NOC team continuously monitored the bank’s network, providing real-time alerts and notifications about potential issues. The Skillmine NOC team conducted root cause analysis to identify underlying reasons for network failures and prevent future occurrences.
The company’s adoption of NOC services underscores the significance of maintaining a dedicated team for round-the-clock network infrastructure monitoring. This proactive approach enabled the bank to eliminate recurring network outages and enhance overall operational efficiency by 65%.
Conclusion
In today’s digital landscape, network management is a mission-critical aspect of any business. Network downtime can lead to significant financial losses, tarnished reputations, and loss of customers. To ensure the resilience and efficiency of their networks, organizations turn to NOCs. Skillmine is a prominent provider of NOC services. Our services play a vital role in proactively monitoring, managing, and securing networks, preventing downtime, and safeguarding business continuity.
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