Please enable JavaScript.
Coggle requires JavaScript to display documents.
Cost of ignoring hardware or software malfunctions - Coggle Diagram
Cost of ignoring hardware or software malfunctions
Pros
Initial Cost Savings
Avoid spending money on repairs or upgrades
Cost-saving measure
Perceived Functionality
Outdated hardware and software may appear functional to the average user.
Employees might not notice immediate issues, leading to a false sense of stability.
Cons
Reduced Productivity
Slow & outdated software, and security failures can all contribute to reduced productivity.
Employees spend more time waiting for tasks to complete.
Slowed effectiveness.
Increased Downtime
Disrupts business operations and can result in lost revenue.
More prone to failures and outages.
Extended downtime due to hardware malfunctions
Security Risks
Older software lacks modern security features.
Vulnerable to cyberattacks.
Cyber incidents can lead to financial losses, reputation damage, and legal consequences.
Maintenance Costs
Maintaining older systems can be costlier
Frequent repairs, troubleshooting, and dealing with compatibility issues overtime.