Quantifying economic impact with Enterprise Strategy Group
Security is a complicated industry, with constant changes coming at a breakneck pace. The attack surface, stakeholder needs, adversary tactics, and the very tools you wield are constantly evolving — leaving many security teams unsure whether they’re prepared.
In the unending fight, you deserve tools you can trust that also offer a substantial return on investment. Tools that provide unrivaled visibility, reduced risk, and scalability that matches your data needs without breaking the bank.
A rigorous evaluation
Elastic commissioned Enterprise Strategy Group to provide an economic analysis of the business impact and value Elastic customers realize from Elastic Security. To conduct its study, Enterprise Strategy Group interviewed multiple SOC leaders of both private and public sector organizations that use Elastic, aggregating their experiences and results into a single composite organization: a high-tech enterprise with 5,000 employees, 11,650 endpoints, $900 million per year in revenue, and 3GB daily ingest for security analytics.
Glowing results
Enterprise Strategy Group collected information via customer interviews to compare the costs and benefits of Elastic Security. Three business value themes emerged:
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Improved security analytics with ML and AI: Elastic Security enhances organizations’ ability to secure their environments by providing actionable access to their data and insights that deliver a much clearer picture of their ecosystem.
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Lower costs: Elastic Security introduces efficiencies to both the top and bottom lines of customers. It reduces the time employees spend on fatiguing tasks, delivers cost savings through tool consolidation and resource optimization, and enables some companies, such as MSSPs, to expand their operations and grow their revenue.
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Improved business continuity: Customers shared that Elastic enables their business to more effectively prevent and recover from a security event — reducing the likelihood and number of security incidents or breaches.
“Since we have moved to Elastic, we are safer and more recoverable. We test
more, have deeper insights, and can assure our board of directors that we are
better protected because of Elastic Security.”
Analyzing the Economic Benefits of Elastic Security
By migrating to Elastic Security, customers have seen the following improvements:
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36% reduction in annual risk exposure
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42%–56% reduction in total cost of ownership
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74% reclamation of full-time security employees’ hours, allowing for more strategic initiatives
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75% lower false positives with Elastic Security’s machine learning-powered anomaly detection
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Reduced mean time to investigate from 300 minutes to 90 minutes and mean time to remediate from 180 minutes to 6 minutes
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66% faster time to value of new hires and 20% reduction in employee turnover
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90% reduction in security events and incidents
“Protection of our IP is our #1 priority, not cost. That being said, Elastic is almost 35% cheaper than our previous solution and gives us far better insights and protection.”
Analyzing the Economic Benefits of Elastic Security
Dive deeper
Enterprise Strategy Group’s study has shown that deploying Elastic’s AI-driven security analytics helps organizations gain greater visibility across the environments while reducing costs and driving efficiencies.
Interested in learning how your organization could realize business impact with Elastic Security? Read the report. Want some deeper insights? Our upcoming webinar, Analyzing the economic impact of AI-driven security analytics, features the ESG analyst who wrote the report and one of our customers, Sierra Nevada Corporation. Save your spot for this event on April 17, 2025, and see just how big of an impact Elastic Security has had!
The release and timing of any features or functionality described in this post remain at Elastic’s sole discretion. Any features or functionality not currently available may not be delivered on time or at all.
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