In my previous article on PSIM ROI, I explained how organizations can use PSIM to achieve operational savings. In this second installment of my two-part series on PSIM ROI, I’ll explore a less obvious (hidden) PSIM ROI which can be achieved through better security.
When a company invests in a security solution such as PSIM, the obvious reason is to improve security. But when’s the last time you heard “improved security” mentioned as a source for ROI? Even so, the potential ROI from security improvements can far outweigh any operational cost savings from PSIM. This is especially true in very sensitive industries where the cost of a security breach, or not handling a safety malfunction correctly, or failing to comply with regulations, can have huge financial impacts.