Cloud outage duration up dramatically in 2023, frequency also greater.
A growing number of businesses are increasingly dependent on cloud storage and cloud-native services as the cloud ecosystem continues to expand. This second annual Cloud Outage Risk Report from Parametrix presents some powerful insights into the performance of the three major cloud service providers - Amazon Web Services, Google Cloud, and Microsoft Azure. Clarity and granularity of data are critical to our understanding of cloud resilience, just as they are essential to comprehension of the risks inherent in any complex supply chain.
Parametrix continues to hone and extend the Parametrix Cloud Monitoring System, which allows us to gain an ever-improving picture of the impact that a specific interruption of cloud services may have on an individual business, or a sector.We see this data as a fundamental component in any approach to model the exposure to cloud outage events and designing of risk transfer solutions.This report provides insights into the persistence and impact of cloud outages, including:
Parametrix continues to hone and extend the Parametrix Cloud Monitoring System, which allows us to gain an ever-improving picture of the impact that a specific interruption of cloud services may have on an individual business, or a sector.We see this data as a fundamental component in any approach to model the exposure to cloud outage events and designing of risk transfer solutions.This report provides insights into the persistence and impact of cloud outages, including:
monitoring methodology
provider performance details for 2023
causes of downtime
the Parametrix Cloud Stability Index
portfolio modeling and the Fortune 500, and
an analytical Case Study of actual 2023 downtime events.
Read about the latest outage events, industry trends, thought leadership pieces, and more.
Creating cutting-edge tools and models that enable companies, insurers, and reinsurers to quantify, manage, and transfer their exposure to cloud outage risk. Parametrix is a Lloyd's Coverholder whose policies are backed by major A-rated global insurers.
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