The Total Economic Impact of Protegrity
14 Minutes •Jul 9, 2024
Summary
In this report learn the necessary insights to evaluate the financial advantages of integrating Protegrity into their data security strategy, ensuring informed and impactful investment decisions.The Total Economic Impact™ (TEI) report on the Protegrity Data Security Platform, commissioned by Protegrity and conducted by Forrester, evaluates the financial benefits and cost savings that enterprises may achieve by implementing Protegrity. The study highlights significant improvements in data security, compliance, and overall efficiency. Key findings include a 144% return on investment (ROI), a net present value (NPV) of $3.21 million, and notable cost savings through reduced data breach insurance premiums and increased productivity. This comprehensive analysis serves as a robust framework for organizations to assess the potential economic impact of adopting Protegrity.
Key Offerings
- Improved Productivity: Centralization and standardization of data protection processes save $4.9 million over three years, reallocating resources from six developers and four lawyers to other value-adding functions.
- Cost Savings on Insurance: By streamlining and documenting data protection processes, organizations can reduce data breach insurance premiums by approximately 30%, resulting in savings of $358,000 over three years.
- Enhanced Profitability: Protegrity enables easier and better use of data for new projects, contributing an additional $157,000 to profitability over three years.
This report equips decision-makers with the necessary insights to evaluate the financial advantages of integrating Protegrity into their data security strategy, ensuring informed and impactful investment decisions.