Does your Enterprise Need Identity and Access Management Solutions?

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Identity and Access Management (IAM) is a security practice that ensures appropriate access to company resources across heterogeneous tech environments. Such environments support a lot of business functions necessary to meet both customer and internal requirements. Traditionally, companies utilised on-premise IAM software for managing identity and access policies. However, today, as cloud services are added to business environments, identity management is getting more complicated than before. This makes it important to embrace cloud-based Identity-as-a-Service (IDaas) and cloud IAM solutions.

What to Expect from Cloud IAM

Typically, cloud identity and access management solutions offer a clean and consistent access control interface for all cloud platform services. This interface can also be used for all cloud services. Also, cloud IAM features improved security for critical applications. With these solutions, it is possible for companies to define roles and grant permissions to users to access resources at various granularity levels.

Importance of IAM

IAM technology can be utilised for initiating, capturing, recording, and managing user identities and their access permissions. Effective IAM involves user authentication, authorisation, and assessment based on their roles and company policies. Without properly-controlled IAM processes, enterprises will have issues with regulatory compliance. During a company audit, management should be able to prove the security and protection of their company data.

Using cloud-based IAM solutions can be challenging for a company because they don’t directly increase their profitability. It won’t be easy for an organisation to give up control over infrastructure. But, using an IAM solution comes with many benefits. For instance, companies will spend less on enterprise security by depending on the centralised trust model when dealing with identity management across their own applications and third-party applications. With IAM solutions, users are able to work from any device and location. They can be given access to all applications using a set of credentials. The solutions come with a Multifactor Authentication feature that protects sensitive data and applications. Finally, IAM solutions help in maintaining compliance of procedures and processes.

So is cloud IAM right for your company? Before you answer, you must determine how your digital transformation has transferred assets and processes to cloud services and how such services are accessed now. Do you currently have an IAM solution that handles cloud storage? If your answer is no, it may be time to assess your options. Keep in mind that your employees, reputation, and customers are counting on you to keep them secure.

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