Company
Date Published
April 12, 2024
Author
David Bunting
Word count
1457
Language
English
Hacker News points
None

Summary

Calculating log analytics ROI involves determining the value of log analytics to an organization and figuring out the total cost of ownership (TCO) of the log analytics solution. Log data contains valuable insights that can help organizations run more effectively and securely, with applications including monitoring server logs for IT and security operations, identifying potential security threats faster, meeting compliance regulations, and troubleshooting cloud infrastructure and IT issues. The cost of inaction, such as a data breach or non-compliance, can be severe, with the average cost of a data breach being $4.45 million in 2023. Log analytics solutions can help reduce costs by providing a clearer path to ROI, leveraging valuable insights from trends in log files, and mapping business benefits to cost centers. Calculating log management costs involves considering data retention, ingestion rate, and overhead, as well as the cost of inaction, and using tools like ELK stack or ChaosSearch to optimize costs and provide cost savings of up to 80%.