Total Economic Impact™ Study Reveals 358% Three-Year ROI for Organizations Using Elastic Observability and Security Solutions
Independent Study Finds Elastic Customers
Realize $19 Million in Benefits, Including Reduced Operations and
Infrastructure Costs and Improved Productivity
Elastic (NYSE: ESTC) (“Elastic”), the company behind
Elasticsearch and the Elastic Stack, today released a commissioned
study conducted by Forrester Consulting on behalf of Elastic,
The Total Economic Impact of Elastic
Observability and Security Solutions.
The study reveals that organizations using Elastic’s Security
and Observability solutions realize an average return on investment
(ROI) of 358% over a three-year period, with the platform paying
for itself in less than six months.
The new study concluded customers using Elastic saw quantified
benefits of $19 million, consisting of reduced operations and
monitoring labor costs, developer labor savings, reduced risk of
data breach, and reduced infrastructure and licensing costs.
The study further demonstrated that after implementing Elastic’s
Observability and Security solutions, customers improved the
efficiency of their development and security teams, increasing
time-to-value benefits due to faster application delivery while
reducing security operations costs.
Additionally, organizations using Elastic for observability and
security found the following benefits:
- Up to 10X performance improvement and 75% reduction in
licensing costs: Elastic customers found up to 10X performance
improvement with Elastic’s data ingestion and query response times
when using less expensive storage devices, and licensing cost
savings of up to 75% versus the prior SIEM solution cost when
combined with the use of alternative storage methods.
- $5.9 million in reduced infrastructure and licensing
costs: Elastic customers using both Observability and Security
solutions were able to reduce SIEM tools licensing costs
significantly compared to their previous tools for the same data
volume, and reduce storage costs by 25% by moving to less expensive
- $6.5 million in savings due to data breach risk
reduction: Elastic Security customers were able to reduce their
risk of a data breach by 40% over three years as a result of
additional data sources and detection rules, and improved
monitoring and root cause analysis.
- Nearly $2.1 million in reduced operations monitoring labor
costs: Elastic Observability customers were able to reallocate
33% of their monitoring team with only 50% of the resources needed
compared to their previous solution, facilitated by seamless data
integration, shortened development cycles, and improved resource
- $3.1 million in developer labor savings: Elastic
Observability customers were able to save time when using Elastic
for application development, testing, and debugging while building
more stable applications and controlling resource consumption.
- “As customers modernize their security and observability
operations they need to balance cost and complexity with time to
value and ease of use,” said Paul Appleby, President Worldwide
Field Operations, Elastic. “We believe Forrester’s analysis
highlights how the speed and scale of Elastic saves customers time
and money while making it easier to prevent cyber security threats
and evolve their observability posture. When a customer brings all
of its people, data, and systems into one place, the value they
receive from their investment rises exponentially.”
Forrester Consulting interviewed Elastic customers to assess the
costs, benefits, risks, and opportunities associated with using the
Elastic Observability and Security solutions. The firm then
designed a composite organization and financial model based on
those interviews to construct a framework for prospective customers
to evaluate the potential financial impact of Elastic on their
Elastic is a search company built on a free and open heritage.
Anyone can use Elastic products and solutions to get started
quickly and frictionlessly. Elastic offers three solutions for
enterprise search, observability, and security, built on one
technology stack that can be deployed anywhere. From finding
documents to monitoring infrastructure to hunting for threats,
Elastic makes data usable in real time and at scale. Thousands of
organizations worldwide, including Cisco, eBay, Goldman Sachs,
Microsoft, The Mayo Clinic, NASA, The New York Times, Wikipedia,
and Verizon, use Elastic to power mission-critical systems. Founded
in 2012, Elastic is a distributed company with Elasticians around
the globe and is publicly traded on the NYSE under the symbol ESTC.
Learn more at elastic.co.
Elastic and associated marks are trademarks or registered
trademarks of Elastic N.V. and its subsidiaries. All other company
and product names may be trademarks of their respective owners.
version on businesswire.com: https://www.businesswire.com/news/home/20210608006103/en/
Jenn Malleo Elastic Public Relations PR-Team@elastic.co
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