SIEM’s Total Cost of Ownership
Aug 21, 2016
A Security Information & Event Management (SIEM) platform is an essential tool for managing risk in today’s highly digitized world. And not just essential; our perspective is that a SIEM is the central nervous system for security analysts in combing through alerts, conducting investigations, devising and implementing well-grounded countermeasures, and supporting forensics. Certainly this is no small set of responsibilities or light dependency on this critical tool. Placed in this correct perspective, the SIEM is also pivotal as the SIEM selection can bolster security analyst productivity, avoid cost surprises in security operations, and above all drive improvement in how the business manages risks and meets its regulatory requirements. Or, the SIEM selection can be a boat anchor to analyst productivity, a contributor to spiraling security operational costs, and the difference between being the next data breach headline versus sustaining trust with customers, business partners, and shareholders that private information remains private.
As choice abounds in SIEM platforms, there needs to be a blueprint for making an optimal selection. We believe that this blueprint should be one based on Total Cost Ownership (TCO) as TCO modelling takes a balanced approach in weighing objectives and costs. Furthermore, we argue that in following a holistic TCO perspective on SIEM selection, organizations position themselves to improve their risk management capability while ensuring cost certainty: a win-win outcome.
To learn more about our SIEM-selection blueprint, we invite you to download our white paper aptly entitled SIEM’s Total Cost of Ownership – Key Considerations, (click here), and watch this on-demand webinar (click here).
As Stratecast’s Vice President of Research in Frost & Sullivan, Mr. Suby engages with his seasoned team of analysts and business strategists in defining research direction and in delivering impactful customer interactions. Leveraging a 15-year analyst career, Mr. Suby maintains thought-leader presence in cyber security, particularly in Mega Trend topics that crossover into the churning world of digital transformation. Mr. Suby has a Master’s degree in Economics and a Bachelor’s degree in Mathematics and Economics.