In the swiftly changing security landscape, the need for dependable and cost-effective perimeter security and intrusion detection systems is greater than ever. Leaders in security are tasked with the crucial duty of preserving the integrity of vital infrastructures. In addition, they must guarantee a positive return on investment (ROI) from these systems.
To achieve this delicate equilibrium, a thorough understanding of the various factors in play is required. These include the deployed systems, their associated costs, and the potential cost savings that could be realized by preventing security breaches. In other words, evaluating ROI for perimeter security is not solely a matter of calculating immediate costs.
It goes even further, to incorporate a future-oriented perspective, one that considers the financial repercussions of prospective security threats and the protective value of existing systems. In this article, we examine the multifaceted nature of ROI evaluation, the benefits of device integration, and the advantages of open platforms, all with the goal of assisting security integrators in optimizing their ROI while maintaining the highest levels of security.
An all-inclusive approach to ROI evaluation
Evaluating the ROI of security solutions is a difficult undertaking, according to Alan Stoddard, President of Intellicene. It is not only about the initial price of a system, but also about installation, maintenance, and upgrades. It’s also about the future – the cost savings associated with avoiding security breaches, which can result in major financial losses due to disruption, data theft, or legal liability.
“Perimeter security within critical infrastructure plays a critical role in day-to-day activities that underpin economic and social stability,” Stoddard said. “The effective protection of these sites is paramount to facilitating a thriving global economy — one that relies on these facilities to deliver utilities and services in a safe and efficient manner. But security leaders must also ensure the systems they deploy are cost-efficient and deliver long-term ROI.”
A full understanding of several variables is required to assess the ROI of such technology. The most important of them is comprehending the whole cost involved, from system setup and current maintenance through potential improvements. Aside from that, it’s critical to consider the financial rewards of preventing security breaches. Given the possible economic dangers involved with operational interruptions, compromised data, or legal duties resulting from security breaches, these rewards can be significant.
Utilizing integration to save money
Stoddard contends that integrating devices onto a uniform platform can provide considerable cost savings. More efficient operations can be achieved through a better management, consolidated reporting, and the capacity to automate security response processes. This integration can result in significant cost savings by reducing the effort for security teams and lessening the risk of human mistake.
“Integrating devices onto one platform can also provide significant cost benefits such as streamlined management, more intelligent data and centralized reporting, and the ability to automate security response processes,” Stoddard added. “This can lead to more efficient security operations, reducing the workload for security teams, and lowering the risk of human error.”
Integration can also improve the performance of the security system. Users may benefit from gaining a wide range of information at scale by combining new and legacy devices, assisting teams in identifying critical data and assuring higher levels of perimeter protection. This integrated strategy has the potential to dramatically boost the system’s ROI.
“With the demand to simplify and improve the efficiency of existing technology investments, there is a greater interest in solutions that enable the integration of both legacy and new devices,” said Stoddard. “By integrating all devices and data points, users can analyze and visualize disparate information at scale to help teams identify the data that matters and ensure higher levels of perimeter protection. And they can combine legacy and new technologies into one system for greater ROI.”
The benefits of open platforms
John Rezzonico, CEO of Edge 360 emphasizes the need of open platform approaches in a multi-layer perimeter security strategy. He believes that an open platform may supplement personnel by allowing for real-time monitoring, situation management, and assistance with investigative and forensic needs.
“From facing evolving terrorism threats and crime to complying with rules and regulations, perimeter security environments are high-risk and leave little room for error,” Rezzonico said. “Video surveillance technology is part of any multi-layer perimeter security strategy. It augments personnel and enables operators to effectively engage in real-time monitoring and situation management while supporting investigative and forensic needs. An open platform approach combined with integrating with other third-party systems allows organizations to benefit from other best-in-class technologies to promote a more robust security posture and permit a coordinated emergency response when necessary.”
Rezzonico also emphasizes the many advantages of open and future-proof video management technologies. These platforms provide increased versatility by combining with various cameras, sensors, and third-party applications, resulting in cost savings and improved ROI. Customers can alter system components as needed without having to replace the complete system, resulting in cheaper overall expenditures.
“Open and future-proof video management platforms have multiple benefits that can increase the return on investment in these environments,” Rezzonico said. “These solutions provide enhanced flexibility by allowing integration with different cameras, sensors, and third-party applications. This flexibility can result in cost savings and a better ROI.”
Moreover, open platforms may adapt to changing technology and industry norms, ensuring the investment’s relevance and efficacy for years to come. They can also communicate with other security systems, such as access control or video analytics, to improve situational awareness and response times. All of these qualities add up to a higher ROI over time.
“These platforms offer scalability, which enables customers to add or remove cameras and sensors as needed without replacing the entire system, leading to lower overall costs,” Rezzonico added. “Another advantage is future-proofing, which ensures that the investment will remain relevant and effective for years to come by adapting to emerging technologies and industry standards.”
To summarize, measuring ROI in perimeter security involves a comprehensive methodology that takes into account not just the current system expenses, but also future savings from averting security breaches. Integration solutions, such as combining devices into a unified platform and utilizing open platform approaches, provide considerable benefits.
They improve cost-efficiency, streamline management, and enable flexibility and adaptability to new technology. These systems’ scalability decreases overall costs by allowing for adjustments without replacing the entire system.
Integrating other security systems also increases situational awareness and saves response times, increasing ROI. In short, optimizing ROI in perimeter security requires a combination of cost, efficiency, adaptability, and futureproofing to ensure long-term success in today’s complicated security context.
Source: Prasanth Aby Thomas, Consultant Editor Date: 2023/05/11 Related tags: perimeter security