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Britain's cloud habit has become a billion-pound risk
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24-hour outage in key AWS region could leave UK firms nursing massive losses, researchers claim.
Key facts
- It estimates that a 24-hour outage in either of these regions could result in revenue losses of £1 billion ($1.34 billion) and £650 million ($872 million), respectively
- Researchers at the Cyber Monitoring Centre nonprofit found a high level of cloud dependence among British firms, rising to more than 80 percent among FTSE 100 firms, and say this means cloud outages
- In fact, 80 percent of those businesses using the cloud are dependent on AWS, Microsoft Azure, and Google Cloud
- 24-hour outage in key AWS region could leave UK firms nursing massive losses, researchers claim
Summary
Amid calls for digital sovereignty, a report warns that more than 60 percent of UK companies depend on cloud services for critical functions, and an outage in one or more of the big providers could prove costly. Researchers at the Cyber Monitoring Centre nonprofit found a high level of cloud dependence among British firms, rising to more than 80 percent among FTSE 100 firms, and say this means cloud outages will disproportionately affect some of the country's most economically important companies. Their report, The Cost of Downtime: UK Exposure to Cloud Infrastructure Failure, highlights Amazon as an example. It estimates that a 24-hour outage in either of these regions could result in revenue losses of £1 billion ($1.34 billion) and £650 million ($872 million), respectively.