For those of us who value investments and opportunities each day, there is a significant challenge when considering a sizeable procurement. Not surprisingly, it is a considerable source of frustration for our colleagues in IT and security who are trying to justify the cost of purchasing hardware and software to protect our systems, tools, and organizations’ networks.
The problem is that standard calculation to evaluate investments is based on expected cash flow, in the form of revenue earned or expenses avoided: ROI, NPV, and IRR. The total cost of ownership is commonly used for IT investments but is exclusively based on fees by totaling the initial purchase price plus ongoing support. Investments in cybersecurity are challenging to value using these standard methodologies, leaving frustration on all sides of the discussion:
Becuase of these concerns, InQuest has developed an ROI Calculator!