Tanium claims that public and private sector European organisations could realise by improving endpoint visibility and control across their IT estates.
While you might expect an endpoint management and security software company to say something like that, the company has found some interesting numbers to justify its claim.
In a report, Tanium said that UK organisations that fail to implement comprehensive endpoint management technology risk losing out on significant cost savings. UK organisations are estimated to save on average a total of £995,120 in their first year of using endpoint technology, followed by an additional £343,463 in year two and £517,817 in year three.
Businesses losing the largest amount of savings because of under-managed assets. UK organisations are missing out on an average of £338,163 in savings after just one year due to under-managed assets, specifically. This is because poorly managed endpoints are more vulnerable to cyber threats and cause more incidents, making them more expensive to support. This is the area of endpoint management that offers organisations the largest value, closely followed by threat detection (£268,026) and endpoint security (£249,791) —both of which begin to generate savings after three years of using the technology.
The full benefits of the technology were realised after three years of implementation. The rising value of savings is due to improved efficiency and insight gained in patch management and threat detection, which can save UK businesses an average of £174,854 and £268,026 after two and three years, respectively. These benefits become more evident after full endpoint visibility and control has been in place for over a year.
Enterprises are missing out on higher cost savings compared to public sector organisations. For example, private sector organisations in the UK could experience an average three-year cost savings of £2,351,834 compared to £995,910 for public sectors. This is likely to be because public sector organisations have fewer endpoints connected to their network than the private sector, where employees are more likely to work from multiple devices.
Organisations in the Nordics are forgoing the largest potential savings across Europe. The study revealed that Nordic organisations were estimated to save on average £5,631,240 over three years, the highest of any country/region studied. This is closely followed by France (£4,255,899), Benelux (£2,303,492), the UK (£1,856,400) and Germany (£1,444,571).
The study analysed 132 large organisations across EMEA, with an average employee count of 39,202. These organisations are from various industries, including financial services, entertainment, automotive, retail and the public sector.
[What is endpoint visibility? Ed.]
