downtime


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Downtime

In investment banking, a slang term for a situation in which a bank employee does not have much to do, especially if he/she is waiting for superiors to give further directions. An employee may spend downtime working on personal matters, or he/she may simply avoid work altogether.

downtime

time when a machine or COMPUTER is not operating correctly owing to machine failure or because the machine is being set up for the next work task (SET-UP TIME). Downtime in a factory can cause considerable loss of output and disruption to production schedules, and the aim of PREVENTIVE MAINTENANCE is to minimize such downtime. See IDLE TIME.
References in periodicals archive ?
Groucutt stresses having a complete picture of what IT downtime costs your organisation enables you to make better-informed decisions on issues relating to IT resilience, supplier management and continuity planning: "There are several types of indirect costs that need to be considered when estimating the financial impact of an outage to your organisation..
Once your are in Downtime your lock screen will have a permanent notification on it which reads: Screen time will be limited until [your chosen time].
In conclusion, I would like to say that yes, Screen Time did help me switch off from my digital world, at least during my pre-decided downtime. I also like the fact that the app notifies me 5 minutes before my phone's downtime begins as well as when my set Screen Time for a particular app is about to end.
What does preventative maintenance mean for downtime?
This downtime occurs more than once a month on average, costing organisations up to $16mn annually in lost revenue (not to mention the decreased productivity and missed opportunities).
> Data loss and downtime costs enterprises in the UAE 2.8 billion
- Unplanned application downtime occurs more than once per month (13 times per year).
- Downtime and deferred production loss estimations
Once an SME has answered questions around what the maximum amount of downtime is acceptable, the effect of a data failure and the costs that can be saved by implementing data protection, it will have an understanding of the risks facing an IT project, the benefits data protection will provide, and the level of performance it needs.
Most respondents estimated the cost of one hour's downtime at between $250,000 and $500,000, but one in six of those polled by Globalscape said that $1m was a realistic figure.
A new survey of 315 data managers and professionals who are members of the IOUG (Independent Oracle Users Group) scrutinized the issues related to mission-critical application downtime. According to the survey report, authored by Joe McKendrick, among respondents with at least two data centers and rapid replication solutions, 46% are less than satisfied with their cur-rent strategies.
EMC has announced results of 'The Disaster Recovery Survey 2012: Middle East, Turkey and Morocco', which found that 82% of companies surveyed in the region are not very confident that they can fully recover systems or data in the event of a disaster, and that 64% of all organisations lost data or suffered systems downtime in the last 12 months.