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Fortinet FortiSIEM vs IBM Watson for Cyber Security comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Sep 18, 2024
 

Categories and Ranking

Fortinet FortiSIEM
Ranking in Security Information and Event Management (SIEM)
8th
Average Rating
7.6
Reviews Sentiment
6.9
Number of Reviews
71
Ranking in other categories
No ranking in other categories
IBM Watson for Cyber Security
Ranking in Security Information and Event Management (SIEM)
51st
Average Rating
8.0
Number of Reviews
4
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2024, in the Security Information and Event Management (SIEM) category, the mindshare of Fortinet FortiSIEM is 2.9%, up from 2.9% compared to the previous year. The mindshare of IBM Watson for Cyber Security is 0.2%, down from 0.3% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Security Information and Event Management (SIEM)
 

Featured Reviews

HamedWasel - PeerSpot reviewer
Apr 3, 2023
It's cheaper than other solutions with the same features but lacks integration with many third-party vendors
I am part of the team that implements the solution, and we hand it over to the operations team. We use FortiSIEM to ingest logs. The customer provides us with the IPs for the log sources, and we add them to the FortiSIEM dashboard. We can check the logs for signs of malicious access from outside…
Elena Stefanovska - PeerSpot reviewer
Jul 8, 2022
Knowledgeable support, reliable, and useful compliance policies
IBM Watson for Cyber Security can be deployed on-premise or in the cloud and it is used as a SIEM solution The most valuable features of IBM Watson for Cyber Security are ease of use and out-of-the-box reports and compliance policies. Additionally, if there are aspects that are missing IBM add…

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"Fortinet FortiSIEM needs to provide better API integrations to users."
"FortiSIEM is a great tool for making security processes transparent."
"FortiSIEM's best features are the dashboards and customization."
"Fortinet FortiSIEM is less costly than other products and is available 24/7."
"The stability is very reliable. It offers very good performance."
"FortiSIEM sends an email or SMS notifications to admins when there are significant incidents. It's a highly efficient way of responding to incidents."
"It's a very nice solution to work with."
"The event correlation is pretty robust. The GUI is pretty good."
"IBM Watson for Cyber Security is very stable."
"The most valuable feature of this product is innovation, where the research and upgrading of technology never ends."
"The most valuable features of IBM Watson for Cyber Security are ease of use and out-of-the-box reports and compliance policies. Additionally, if there are aspects that are missing IBM add them in the next release."
"The customer support is very good."
 

Cons

"It would be good if the solution offered even more configuration options, especially in relation to the VPN so that it continues to be a very flexible option."
"The product does not have Security Orchestration and Automation Response, I would recommend adding this feature."
"We need to see incident reports about the event log, without events from the administrator or through human interaction."
"They should enhance the solution's AI capabilities, including XDR and EDR."
"FortiSIEM needs to expand its integration with third-party vendors. I don't know if Forcepoint has been added, but there were limited resources for integrating Forcepoint solutions when we implemented FortiSIEM. It integrates well with other Fortinet products and solutions from established cybersecurity companies like Palo Alto but doesn't integrate with some of the newer vendors."
"The reporting feature is not very attractive for the upper management and I am not able to perform complex/nested queries."
"Areas for improvement would be the ease of use and the integration with Fortinet's own products."
"When an alert triggers in Fortinet FortiSIEM, the layout or format can feel limited"
"This is an expensive product, so making it more cost-effective would be an improvement."
"In the future, I would like to see threat intelligence included."
"The dashboard could improve in IBM Watson for Cyber Security."
"They need to continue to build the AI capabilities."
 

Pricing and Cost Advice

"The price of Fortinet FortiSIEM is a lot less when compared to other solutions."
"Its price can be better. We are Fortinet partners, so we can get discounts, but its price can be an issue at the beginning for others. There is a licensing scheme for every case. There are three licensing schemes that we can choose from."
"FortiSIEM's licensing is based on EPS, and its pricing is competitive in the market."
"We pay for a license for FortiSIEM. We pay for the license and renewal."
"The price is competitive."
"This is probably more on the lower cost end of the spectrum compared to competing products. Fortinet's license model is based on events per second, which makes sense, but that's not typical. It makes it very hard to calculate what your costs are going to be as you scale the platform because some log sources, such as firewall logs, are very noisy, and there are lots and lots of events per second, but some of them are not. So, it becomes a bit of a science experiment trying to guess what your costs are going to be as you scale the solution. This is where other competing products perhaps have a more straightforward license model."
"Pricing is determined based on the customer's budget."
"Fortinet FortiSIEM is not an expensive solution."
"The price of this solution should be lower, although I understand why IBM charges a premium price."
"IBM Watson for Cyber Security is very simple to license and is priced well."
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Top Industries

By visitors reading reviews
Computer Software Company
17%
Government
8%
Financial Services Firm
8%
Manufacturing Company
6%
Computer Software Company
19%
Financial Services Firm
19%
Manufacturing Company
15%
Educational Organization
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What do you like most about Fortinet FortiSIEM?
Fortinet FortiSIEM needs to provide better API integrations to users.
What is your experience regarding pricing and costs for Fortinet FortiSIEM?
If one is cheap and ten is expensive. I rate the tool's price as an eight out of ten. Compared with Splunk or Oracle, Fortinet is cheap.
What needs improvement with Fortinet FortiSIEM?
With Fortinet's current integrations with endpoints and with the integration capabilities of EDR and XDR solutions from Fortinet itself, when we are trying to integrate them with other technologies...
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Also Known As

FortiSIEM, AccelOps
No data available
 

Learn More

 

Overview

 

Sample Customers

FortiSIEM has hundreds of customers worldwide in markets including managed services, technology, financial services, healthcare, and government. Customers include Aruba Networks, Compushare, Port of San Diego, Cleveland Indians, Infoblox, Healthways, and Referentia.
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Find out what your peers are saying about Fortinet FortiSIEM vs. IBM Watson for Cyber Security and other solutions. Updated: October 2024.
814,649 professionals have used our research since 2012.