DevOps Disasters: Costly Mistakes of Big Companies
Who says even big and fancy companies can’t make mistakes? These real-world examples prove that neglecting DevOps practices can lead to financial fiascos!
Don’t let your company fall victim to costly mistakes and lost opportunities. Embrace DevOps and embark on a journey towards streamlined processes, enhanced productivity, and ultimately, success in the competitive market.
Knight Capital — $440 million in just 45 minutes
In 2012, Knight Capital Group, a financial services firm, experienced a technical glitch caused by a deployment error in their trading software.
The error resulted in a series of unintended trades and led to a loss of over $440 million in just 45 minutes, almost causing the company to go bankrupt.
TSB Bank — £330 million ($455 million)
In 2018, the British bank TSB attempted to migrate its customer data to a new IT system. The migration resulted in multiple technical issues, including customers being unable to access their accounts and transactions being duplicated.
The botched migration led to weeks of service outages and financial losses, including a reported cost of around £330 million ($455 million).
Equifax — $575 million
Equifax, in 2017, one of the biggest credit reporting agencies, faced a shocking data breach! Millions of individuals had their sensitive info exposed due to Equifax’s failure to patch a known vulnerability quickly.
Equifax had to pay a staggering $575 million in legal settlements! This breach not only hit them hard in the wallet but also left a massive dent in their reputation.
Nokia
Nokia, once a dominant player in the mobile phone market, faced challenges in adapting to the smartphone era.
Their slow response to changing market demands and lack of innovation in their software and ecosystem resulted in significant market share losses and a decline in their financial performance.
GitLab
In 2017, GitLab, a web-based Git repository manager, suffered a massive data outage due to a human error during a database migration.
The company lost six hours of data, and it took significant time and effort to restore the lost data and get the service back up and running. This incident highlighted the importance of robust backup and recovery processes, which are core components of DevOps practices.
Delta Air Lines — $150 million
In 2016, Delta Air Lines faced a global system outage due to a failure in their data center.
The outage led to thousands of canceled flights and delays, affecting millions of passengers and costing the airline an estimated $150 million in lost revenue and compensation expenses.
Ouch!
These are costly lessons about the importance of reliable DevOps practices.
But fear not!
Gart can help your business avoid such failures.
Author: Roman Burdiuzha
Cloud Architect | Co-Founder & CTO at Gart Solutions | DevOps & Cloud Solutions | Boosting your business performance through result-oriented tough DevOps practices
