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How Do You Make the Business Case for Data Privacy?

 

Given the reputation risk and the cost of security breaches, organizations know they should be implementing data privacy in all their environments—whether it’s in production or test and development.
But the question I often get is: I know we need to better data security, but how do I prioritize these projects above other projects?
As our customers have shared with us the time and cost savings they achieved using our software, we have created a business value assessment that uses those benchmarks to calculate the benefits organizations would achieve by implementing a solution like Informatica Data Privacy. This business value assessment is based on the best practices for managing the data privacy lifecycle and includes the following phases seen below.

 

For each of these phases, we have collected how our customers have benefited and used those figures as the basis for calculating benefits for any organization using the Informatica solution. We’ve also used industry benchmarks to calculate risk mitigation and hardware cost savings. Following are the benefits our customers have realized and map to the data privacy life cycle.

Accelerate Sensitive Data Discovery – Rapidly identify sensitive data across all legacy and packaged applications
Increase Development Productivity – Develop global masking rules more efficiently
Increase Testing Productivity – Reduce the time it takes to capture optimal test case data
Increase Quality – Use realistic data in QA and development to reduce later rework and fixes
Risk Mitigation – Avoid breaches, reducing victim notification costs, fines
Hardware Reduction – Subset and create smaller copies of production for test purposes, reducing storage costs
Increase Compliance Reporting Productivity – Prove compliance through automated reports on masked data
Outsourcing Savings – Because data is masked, companies can then outsource application development or support.

As a result of using this type of assessment early in their project cycle, our customers have successfully made the case to prioritize these data privacy projects.
Let us know if you want to talk about the Business Value Assessment for Data Privacy— so you too can say, “I know we need to mitigate risk—and here’s how we can minimize the costs of doing so.”

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