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The Total Economic Impact of Thales CipherTrust Data Security Platform
To understand the benefits, costs, and risks associated with investing in Thales' new CipherTrust Data Security Platform, Forrester interviewed four representatives with experience using the CipherTrust Platform. Read the full report for a detailed overview of the solution's ROI.
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What is the Thales CipherTrust Data Security Platform?
The Thales CipherTrust Data Security Platform is an integrated suite of data-centric security products and services designed to unify data discovery, protection, and control. It helps organizations manage security in a complex IT landscape, where data is hosted both in the cloud and on-premises. The platform enables more efficient use of internal resources, supports compliance with evolving regulations, and reduces overall risk.
What are the key benefits of using the CipherTrust Platform?
Organizations using the CipherTrust Platform can expect several key benefits, including improved operational efficiency valued at approximately $1.6 million over three years, a reduced impact of data breaches estimated at $5.6 million, and nearly $851,000 in reduced development costs. Additionally, the platform helps avoid tooling and storage costs, saving around $992,000 over the same period.
What are the costs associated with the CipherTrust Platform?
Organizations should consider licensing and software maintenance fees, which amount to about $1.8 million over three years. Additionally, implementation and ongoing maintenance costs are estimated at $1.1 million. Overall, the composite organization in the study experienced total costs of approximately $2.84 million, which is significantly lower than the projected benefits.
The Total Economic Impact of Thales CipherTrust Data Security Platform
published by Tech Hero
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