BlueVoyant study shows MDR services offer 210% ROI & cost savings

BlueVoyant’s Managed Detection and Response (MDR) services have reportedly delivered a 210% return on investment (ROI) and a net present value (NPV) of USD $3.9 million over three years for a hypothetical 10,000-user organisation. These figures were revealed in a commissioned Total Economic Impact (TEI) study conducted by Forrester Consulting.

The TEI study, focusing on BlueVoyant’s cloud-native, 24x7 security threat detection and response services, provides a breakdown of how the company's solutions benefit organisations. Significant findings include a 90% reduction in escalated alerts, a 70% reduction in the mean time to resolution, and avoided breach costs amounting to over USD $3.9 million across three years. Additionally, BlueVoyant’s offerings reportedly allowed for cost optimisations exceeding USD $895,000.

“BlueVoyant has been a trusted partner to myself, to my boss, and to the senior leaders that run our 24x7 SOC,” stated a deputy enterprise Chief Information Security Officer (CISO) for a large insurance organisation, who was interviewed by Forrester Consulting. “I’ve appreciated all their insights, and most importantly, their brutal honesty on our existing operations. Sometimes you need a third party to tell you what you’re doing right, but more importantly, to tell you what you’re doing wrong so that you can reduce the risk within the enterprise.”

To construct a representative sample, Forrester Consulting interviewed four security leaders from BlueVoyant’s client base. These organisations collectively represent a global enterprise with USD $5 billion in revenue, 10,000 employees, and 15,000 endpoints.

The study breaks down the major advantages provided by BlueVoyant’s MDR services. Key highlights include:

• Labour cost savings stemming from a 90% reduction in escalated alerts and a 70% reduction in mean time to resolution. BlueVoyant's technology and processes aid Security Operations teams in lowering the volume of alerts requiring manual intervention while speeding up the resolution time.
• Spending optimisation totalling over USD $895,000. BlueVoyant assists organisations in consolidating tools and reallocating resources from tool management to more strategic security roles.
• Avoided breach costs exceeding USD $3.9 million over three years. The study found that BlueVoyant reduces the risk and financial impact of breaches through enhanced security posture.
• Enhanced visibility and insights. The solutions offered by BlueVoyant provide a comprehensive view of an organisation's security posture, which aids in identifying threats, assessing risks, and making informed security decisions.

Milan Patel, global head of Managed Detection and Response at BlueVoyant, commented on the study’s findings: “The Forrester study further validates BlueVoyant’s approach to MDR. Leveraging BlueVoyant's technology platform, data, and human expertise to maximise the effectiveness of our customer's security tools is proving to be a winning model for MDR services.”

The full report, titled “The Total Economic Impact Of BlueVoyant Managed Detection and Response Services,” offers detailed analysis of the benefits, increased efficiencies, and cost savings associated with BlueVoyant’s MDR services. The study aims to provide a comprehensive evaluation, helping organisations understand the economic impact of adopting BlueVoyant’s solutions.