February 6, 2024 at 06:33AM
SaaS applications provide flexibility and efficiency but also pose security risks. A Total Economic Impact study by Forrester Consulting shows that a $10B media firm achieved a significant 201% ROI with Adaptive Shield’s SSPM platform, improving security posture, collaboration, and compliance. The study highlights the value of investing in SSPM tools for securing sensitive data in the cloud.
From the meeting notes provided, it is clear that Adaptive Shield’s SaaS Security Posture Management (SSPM) platform has significantly impacted a global enterprise. The key takeaways include:
1. The Total Economic Impact (TEI) study conducted by Forrester Consulting demonstrated a remarkable ROI of 201% for a multimedia company with a $10 billion annual revenue, showcasing measurable quantitative and qualitative security improvements.
2. The organization’s top SaaS challenges, such as lack of knowledge and skill to manage applications, increased SaaS adoption across various departments, and increased complexity due to M&A activity, were effectively addressed by Adaptive Shield’s platform.
3. Benefits introduced by Adaptive Shield included increased security posture, improved collaboration between security teams and app owners, and various other security benefits such as automated processes, continuous compliance, and staying ahead of SaaS security trends.
4. The economic benefits indicated a 201% ROI, which was achieved through improved SaaS security posture, operational efficiency, compliance, and collaboration, leading to substantial value in terms of savings over a three-year period.
5. The push toward SaaS security is highlighted, emphasizing the increasing need to secure SaaS applications and justifying the cost through significant, measurable ROI.
These key insights effectively summarize the impact of Adaptive Shield’s SSPM platform on the organization, showcasing its value in addressing critical SaaS security challenges and generating substantial economic benefits.