Israeli Insurtech Parametrix published It’s cloud downtime 2022 report


The new report from Parametrix reveals the details of cloud downtime in 2022 among the three major providers – Amazon Web Services, Google Cloud, and Microsoft Azure. The report is based on observations recorded by the Parametrix Cloud Monitoring System.

In a recent survey by Parametrix 95% of corporate decision-makers said their business is dependent on the cloud. Nearly half said the cloud is a mission-critical service. Because of the cloud’s enormous new importance in the digital supply chain, the cloud economy is growing at an unprecedented rate. Worldwide end-user spending on public cloud services is expected to reach $591.9.8 billion in 2023, up two points from 18.8% growth in 2022.

Jonathan Hatzor: ” Downtime is an inevitable reality for almost every business. As companies increasingly rely on cloud providers  for day to day operations, they are exposed to the real risk of downtime.  It can occur any any, is entirely beyond their control, and can cause significant disruption”.

To the full report please follow the link.


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