Study finds that Immuta’s benefits totaled $6.08M, with a payback period of less than six months
BOSTON, April 19, 2023 – Immuta, a data security leader, today released the results of a commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting on behalf of Immuta. The study examines the potential return on investment (ROI) for enterprises that deploy Immuta’s data security platform, providing a detailed analysis of the business benefits and cost savings. Based on Forrester’s own financial analysis methodology and in-depth interviews with Immuta customers, the study found that for a composite organization based on interviewed customers the platform provides benefits totalling $6.08M, an ROI of 175% over three years, and a payback period of less than six months.
To construct the study, Forrester interviewed six Immuta customers, identifying the benefits, risks, and outcomes they experienced while using the Immuta Data Security Platform. The study found that before deploying Immuta, customers faced challenges around a lack of tools to manage data policies, delayed time to data access for business users, and an increased risk of not meeting compliance standards. But after adopting Immuta, the study found the following benefits:
- Operational efficiencies from easier data access management and policy administration: Immuta’s automated approach can reduce the resources organizations must dedicate to data access and policy management by 70%.
- Employee efficiencies from faster data access: Immuta helps provision data access for new employees two weeks faster and new views one week faster, increasing productivity.
- Increased revenue from better risk management: With Immuta’s improved security, organizations can monetize new data products that provide a 5%-15% boost in client contract values.
- Unquantifiable benefits: Immuta improves compliance and security posture, enhances employee satisfaction, and provides better customer experiences.
“Immuta improves business outputs from more data access and use case applications by two times for our organization. If we can onboard use cases faster, and provide more access to data, we can improve business capabilities,” said the head of data lake engineering at a financial services organization interviewed by Forrester for this study. “Additionally, because we have fewer data policies to manage with Immuta, we can eliminate the complexity around data access management and further scale data access.”
Immuta helps organizations unlock value from their cloud data by providing an integrated data security platform for sensitive data discovery and classification, security and access control, and activity monitoring. With better data security and simpler operations, organizations can get the right data to the right people so they can build more data products, collaborate, share data, and create new revenue streams.
“Most organizations in today’s business landscape are aware of the importance of keeping their data secure, but it’s critical to understand both the quantifiable and unquantifiable benefits of data security in terms of business value,” said Matthew Carroll, CEO, Immuta. “At Immuta, we see data security as an enabler, not a deterrent, of innovation. We recognize the importance of offering a cost-effective, fast and secure solution to organizations’ data security challenges, and we believe this Forrester study reaffirms that value.”
To access the full Forrester Total Economic Impact™ of Immuta, click here.
About Immuta
Immuta enables organizations to unlock value from their cloud data by protecting it and providing secure access. The Immuta Data Security Platform provides sensitive data discovery, security and access control, data activity monitoring, and has deep integrations with the leading cloud data platforms. Immuta is now trusted by Fortune 500 companies and government agencies around the world to secure their data. Founded in 2015, Immuta is headquartered in Boston, MA. To learn more about Immuta, click here.
Contacts
Tucker Hallowell, [email protected]