SECURITY NEWS
Qualys users see three-year ROI of 403 %, payback period of 5 months
Qualys released the findings of an IDC commissioned study that looked to quantify how Qualys customers perceive business value . Based on the resulting research in The Business Value of Qualys , IDC found that Qualys customers see an average annual benefit of US $ 102,000 per 1,000 internal users with a three-year return on investment , ROI of 403 % and a payback period of 5 months .
“ As a security vendor , one of your roles is helping stakeholders understand that risk is under control or at least in the process of significant reduction ,” commented Thomas Nuth , Vice President , Product Marketing at Qualys .
The IDC study revealed metrics to help security leads describe the business value of Qualys Enterprise TruRisk Platform to vendorship .
RoI
IDC discovered Qualys users get a return on investment , ROI of 403 %. This is money returned in two ways . There is a lower total cost of investment , TCO achieved by eliminating point solutions that are integrated with the Qualys Enterprise
TruRisk Platform . ROI is also achieved by reducing manual processes with streamlined workflows and automation enabled by the platform .
Payback
Payback is how quickly you reach a net dollar zero cost , benefit of the initial investment in Qualys . Payback for the Qualys Enterprise TruRisk Platform is five months .
Thomas Nuth , Vice President , Product Marketing , Qualys
This accelerated timeline occurs with the platform approach using three or more integrated solutions . Platform adoption by multiple teams streamlines workflows across departmental boundaries such as IT , security , and compliance .
Total value
Total value is RoI plus related qualitative value from investing in the Qualys Enterprise TruRisk Platform . IDC reports Qualys customers interviewed for its study are each getting a total value of $ 5.1 million per year . This return climbs exponentially over time and as additional integrated solutions are added to the platform by customers .
Staff time efficiency
A primary enabler of staff time efficiency is operationalising SecOps with the Qualys Enterprise TruRisk Platform . IDC reports Qualys users are achieving 24 % more efficiency by security teams . Mean time to repair , improved up to 50 % with bidirectional integrations of ITSM and CMDB tools .
Risk reduction
The benefits of risk reduction have three primary sources , according to Qualys customers interviewed by IDC . These include 65 % fewer unplanned application outages , a 66 % improvement in quicker resolution of outages , and a 24 % reduction in fines for non-compliance . Unplanned outages are avoided with proactive security measures guided by 25 + threat intelligence sources and Qualys Threat Research findings and the platform ’ s ability to see all external-facing assets for stronger supply chain security .
Security staff
KPIs for security staff were improved with Qualys Enterprise TruRisk Platform , according to IDC ’ s study . Staff were 56 % more effective at proactively detecting threats thanks to the platform ’ s growing database of 85,000 + CVEs . Staff were 40 % more efficient in responding to potential threats .
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