The news: Amazon Web Services (AWS) cloud servers went down yesterday, causing massive outages to chunks of the internet, per Insider.
More on this: This was just the latest widespread outage of 2021, which has seen an increasing number of internet and smartphone service outages, exposing the fragility of an overburdened infrastructure that relies on a handful of quickly consolidating service providers.
The problem: Network outages have a true and growing cost. A 2020 study from Opengear revealed that 31% of their 500 senior IT decision-makers lost more than $1 million in the past 12 months due to network outages.
The big takeaway: The ripple effect of yesterday’s AWS outage will be felt on a global scale as systems get back online.
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