market · May 20, 2026
Splunk VP Hanlin Fang Links Downtime Costs to Shadow AI Growth
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Channel Insider reported on Splunk's May 19, 2026, downtime study showing Global 2000 firms incur $600 billion annual costs, up 50 percent in two years. Vice President of Product Management Hanlin Fang stated the figures reflect the current AI adoption curve with median $24.5 million spent on AI tools. 66 percent of employees use unapproved shadow AI and 71 percent view data breach disclosure as very disruptive compared to 23 percent in 2024. Average stock price drops 3.4 percent after outages while 49 percent of executives note shareholder concerns.
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