In a world where data is the new oil, protecting your most valuable commodity will help you save money. Data security is no longer an IT concern, but rather a company-wide need—and it’s one that can be achieved through the use of IT Service Management software.
It's All in the Data
Data is the lifeblood of any organization. It can be used to make decisions, improve processes and generate revenue for your business. In fact, in recent predictions by Gartner®, they state that “data and analytics [have] become a primary driver of business strategy, and the potential for data-driven business strategies and information products is greater than ever.”
Data security is paramount because it will impact every aspect of your business. Security breaches can result not only in financial loss but also damage your reputation as an industry leader.
Think about how many processes rely on data: making decisions, improving processes, generating revenue, improving customer service, and marketing. It’s nearly impossible to imagine an efficient business without access to quality data!
The Importance of DatA security
Here’s a look at why data security is important and how improving the security of your organization’s data can be a cost-effective way of saving money.
- Data security is a top priority for businesses.
- Data security is a key part of the IT service management (ITSM) process.
- ITSM is a key part of the business process.
- ITSM is a key part of the business strategy
Consider if a hacker were to gain access to your organization’s data. An attacker could compromise sensitive information such as credit card numbers or even the personal details of employees, which could result in identity theft and financial fraud.
Data breaches can also lead to reputation damage and loss of revenue due to fines from regulatory bodies like FINRA (Financial Industry Regulatory Authority).
How data security can save your organization money using an ITSM tool
An ITSM tool can help organizations identify security gaps and make sure they are not wasting money on unnecessary resources by monitoring the status of all your IT services, including those that are related to data security.
By better awareness and systems management, security risks can be minimized and data security can be prioritized. Remember, an efficient IT team is only made stronger and more secure by a trusted ITSM platform.
In conclusion, implementing data security will not only save your organization money in the long term, but it will also be a cost-effective way for you to implement your ITSM solution. It is a win-win situation.
For help choosing a tool that is compatible with your company's specific needs, learn how EasyVista can help.