ROI of Data Minimization: Save Millions in Cost, Risk & AI With DSPM

Data Minimization involves collecting, processing, and storing only the necessary data needed for specific business purposes. It’s important because it reduces storage costs, enhances data security, and ensures compliance with privacy regulations.

Data Minimization improves ROI by reducing storage and management costs, lowering security and compliance risks, and enhancing efficiency, enabling businesses to allocate resources to strategic initiatives.

DSPM (Data Security Posture Management) is an approach and set of tools that continuously assesses, monitors, and improves the security and regulatory compliance of data across an organization's digital environment.

Learn more: What is DSPM (Data Security Posture Management)?

Data Minimization reduces operational costs by cutting expenses related to data storage, management, infrastructure, compliance audits, and data breach liabilities.

DSPM mitigates risks related to data breaches, regulatory penalties, compliance costs, reputational damage, legal fees, and costly remediation efforts following data incidents.

DSPM provides ongoing visibility and control over data, ensuring compliance with regulations (such as GDPR, HIPAA, CPRA) by promptly identifying and addressing potential data security issues before they escalate into regulatory violations.

DSPM ensures high-quality, minimized datasets, enhancing AI efficiency, reducing processing costs, and improving AI models by eliminating unnecessary or duplicate data, leading to faster training times and more accurate predictions.

Related: Why Enterprises Need DSPM in the AI Era?