How do you calculate the mean time between failures (MTBF) in incident response?

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If you are an IT service provider, you know how important it is to measure and improve your incident response performance. One of the key metrics that can help you assess your reliability and availability is the mean time between failures (MTBF). But what exactly is MTBF and how do you calculate it? In this article, we will explain the concept of MTBF, its benefits and limitations, and the formula and steps to compute it.