{"id":2657,"date":"2022-05-19T15:26:00","date_gmt":"2022-05-19T21:26:00","guid":{"rendered":"https:\/\/trustarc.com\/?post_type=resource&#038;p=2657"},"modified":"2024-10-25T11:25:20","modified_gmt":"2024-10-25T17:25:20","slug":"roi-of-privacy","status":"publish","type":"resource","link":"https:\/\/trustarc.com\/resource\/roi-of-privacy\/","title":{"rendered":"ROI of Privacy: Building a Case for Investment"},"content":{"rendered":"\t\t<section id=\"block_af6a55f591eff1634eeac78052f1e069\" class=\"resource-intro intro-simple\">\n\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t\t<strong class=\"sub-title block uppercase\">Articles<\/strong>\n\t\t\t\t\t\t\t\t\t\t<h1>ROI of Privacy: Building a Case for Investment<\/h1>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\n\n\t<section id=\"block_4a26495dde9973afc808874bd5c33b57\" class=\"columns-content\">\n\t\t<div class=\"container\">\n\t\t\t<div class=\"left\">\n\t\t\t\t\t\t<div class=\"person-wrap\">\n\t\t\t<span>\t\t\t\t\t\t\t<div class=\"img-holder\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"1080\" src=\"https:\/\/trustarc.com\/wp-content\/uploads\/2024\/02\/casey-thumbnail.png\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/trustarc.com\/wp-content\/uploads\/2024\/02\/casey-thumbnail.png 1080w, https:\/\/trustarc.com\/wp-content\/uploads\/2024\/02\/casey-thumbnail-300x300.png 300w, https:\/\/trustarc.com\/wp-content\/uploads\/2024\/02\/casey-thumbnail-1024x1024.png 1024w, https:\/\/trustarc.com\/wp-content\/uploads\/2024\/02\/casey-thumbnail-150x150.png 150w, https:\/\/trustarc.com\/wp-content\/uploads\/2024\/02\/casey-thumbnail-768x768.png 768w, https:\/\/trustarc.com\/wp-content\/uploads\/2024\/02\/casey-thumbnail-199x199.png 199w, https:\/\/trustarc.com\/wp-content\/uploads\/2024\/02\/casey-thumbnail-120x120.png 120w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"text-holder\">\n\t\t\t\t\t\t\t\t\t\t\t<strong class=\"block name\">Casey Kuktelionis<\/strong>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/span>\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t<div class=\"middle\">\n\t\t\t\t<div class=\"content\">\n\t\t\t\t\t<h2>Reduce the cost of compliance and add dollars to your bottom line<\/h2>\n<p>When you\u2019re making an investment, you want to be sure it makes financial sense.\u00a0You may have thought about investing in a privacy platform before but you\u2019ve probably had difficulties calculating the ROI of privacy.<\/p>\n<p>Is it even possible to quantify the ROI of privacy program management? How do you know if it\u2019s worth investing in an automated privacy platform?<\/p>\n<p>As more organizations invest in data privacy program management, executives are often surprised to see the time and resources that can be saved. In fact,\u00a0<strong><a href=\"https:\/\/blog.trustarc.com\/2022\/05\/17\/privacy-program-management-earn-returns\/\" target=\"_blank\" rel=\"noopener\">privacy automation doesn\u2019t cost your organization money \u2013 it saves it!<\/a>\u00a0<\/strong><\/p>\n<h2>Investing in a privacy platform saves more than it costs<\/h2>\n<p>That\u2019s because\u00a0<strong><a href=\"https:\/\/blog.trustarc.com\/2022\/03\/03\/are-privacy-spreadsheets-compliant\/\" target=\"_blank\" rel=\"noopener\">manual processes to manage privacy are inefficient and time-consuming<\/a><\/strong>. The sheer volume of data records makes it nearly impossible to stay compliant with constantly changing privacy laws.<\/p>\n<p>To avoid exposing your customers to downstream risk, you need a privacy platform that can scale across a global organization. A holistic privacy platform can support audits and reduce the cost of compliance and the risk of a privacy incident.<\/p>\n<h2>The measurable economic value of TrustArc\u2019s privacy platform<\/h2>\n<ul>\n<li><strong>For every $1 spent on TrustArc\u2019s privacy platform, clients receive a $2.26 return within 6 months\u00a0<\/strong><\/li>\n<li><strong>Gains in efficiency and reduced spending generate a 126% ROI<\/strong><\/li>\n<li><strong>The reduced risk of privacy incidents drives savings of $3 million annually<\/strong><\/li>\n<\/ul>\n<a href=\"\/resource\/tei-infographic\/\" target=\"_blank\" rel=\"noreferrer\" class=\"btn\"><span>Get the infographic<\/span><\/a><h3>Calculating the ROI of privacy<\/h3>\n<p>Forrester constructed a Total Economic Impact<sup>TM<\/sup>\u00a0framework for those organizations considering an investment in the TrustArc privacy platform. The objective of the framework is to identify the cost, benefit, flexibility, and risk factors that affect the investment decision.<\/p>\n<p>Forrester analysts constructed a financial model representative of the stakeholder interviews using the TEI\u00a0methodology. The financial model was risk-adjusted based on issues and concerns of the purchasing organization.<\/p>\n<p>Given the increasing sophistication of ROI analyses related to IT investments, Forrester\u2019s TEI methodology provides a complete picture of the total economic impact of purchasing a privacy platform. Exact calculations are\u00a0<a href=\"https:\/\/trustarc.com\/forrester-tei-roi-of-privacy\">detailed in the study<\/a>.<\/p>\n<a href=\"https:\/\/trustarc.com\/resource\/forrester-tei-roi-of-privacy-report\/\" class=\"btn\"><span>Download the report<\/span><\/a>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<div class=\"right sm\">\n\t\t\t\t<div class=\"share-it\">\n\t\t\t\t\t<strong class=\"title block uppercase\">Follow us<\/strong>\n\t\t\t\t\t<div class=\"soc-list\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.linkedin.com\/company\/trustarc\/\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/trustarc.com\/wp-content\/themes\/trustarc\/assets\/dist\/images\/li-dark.svg\" alt=\"\" \/><\/a>\n\t\t\t\t\t\t<a href=\"\nhttps:\/\/twitter.com\/TrustArc\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/trustarc.com\/wp-content\/themes\/trustarc\/assets\/dist\/images\/tw-dark.svg\" alt=\"\" \/><\/a>\n\t\t\t\t\t\t<a href=\"javascript:;\" id=\"copy-url\"><img decoding=\"async\" src=\"https:\/\/trustarc.com\/wp-content\/themes\/trustarc\/assets\/dist\/images\/link-dark.svg\" alt=\"\" \/><\/a>\n\t\t\t\t\t\t<span class=\"copied\" style=\"display:none;\">Link Copied!<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"key-topics\">\n\t\t\t\t\t\t<strong class=\"title block uppercase\">Key Topics<\/strong>\n\t\t\t\t\t\t<ul>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li><a href=\"https:\/\/trustarc.com\/topic-resource\/data-privacy\/\" class=\"badge\">Data Privacy<\/a><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li><a href=\"https:\/\/trustarc.com\/topic-resource\/enterprise-data-protection\/\" class=\"badge\">Enterprise Data Protection<\/a><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li><a href=\"https:\/\/trustarc.com\/topic-resource\/privacy-governance\/\" class=\"badge\">Privacy Governance<\/a><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"cta-area\">\n\t\t\t\t\t<p>Get the latest resources sent to your inbox<\/p>\n\t\t\t\t\t<a href=\"\/subscription-center\/\" class=\"cta\">Subscribe<\/a>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"<p>You may have thought about investing in a privacy platform before but you\u2019ve probably had difficulties calculating the ROI of privacy. Is it even possible to quantify the ROI of privacy program management?<\/p>\n","protected":false},"featured_media":1248,"template":"","topic-resource":[55,57,56],"type-resource":[6],"class_list":["post-2657","resource","type-resource","status-publish","has-post-thumbnail","hentry","topic-resource-data-privacy","topic-resource-enterprise-data-protection","topic-resource-privacy-governance","type-resource-articles"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ROI of Privacy: Building a Case for Investment | TrustArc<\/title>\n<meta name=\"description\" content=\"You may have thought about investing in a privacy platform before but you\u2019ve probably had difficulties calculating the ROI of privacy. 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