Brief
The Hidden Costs of Downtime in Manufacturing in 2024
Manufacturing experiences more cybersecurity-related downtime than most industries. So, it’s no surprise that manufacturers encounter high annual downtime costs – including $58M in lost revenues.
In “The Hidden Costs of Downtime in Manufacturing,” we identify impacts, causes, and what leaders are doing to keep everything from the top floor to the factory floor more resilient.
- $255M is the average annual cost of downtime for manufacturers.
- 60% of respondents say human error is the top cybersecurity-related downtime cause.
- 49% use generative AI features embedded into existing tools to manage downtime.
Download the guide to get insights from manufacturing leaders and a checklist for taking action.
