IAM (identity and access management) is a set of corporate procedures, policies, and technologies that makes managing electronic or digital identities easier. Information technology (IT) administrators can regulate user access to key information within their organizations using an IAM architecture. Single sign-on systems, two-factor authentication, multifactor authentication, and privileged access management are some examples of IAM systems. These technologies also allow for the secure storage of identity and profile data, as well as data governance capabilities that ensure that only necessary and relevant data is exchanged.
Why Do You Need IAM?
IAM is required by businesses to boost employee productivity and ensure internet security.
Productivity: Once you’ve logged into your primary IAM portal, your employee won’t have to worry about having the correct password or access level to complete their tasks. Not only does every person have access to the best tools for their profession, but their access can also be managed as a group or role rather than individually, saving time and money.
Security: The password is often the single point of failure in traditional security. Your firm becomes vulnerable to attack if a user’s password is compromised – or, even worse, if the email address for password recovery is compromised. IAM services reduce the chances of failure and provide tools to spot problems as they happen.
Top 5 Benefits of Identity and Access Management
IAM solutions aid in the detection and mitigation of security threats. Without having to hunt through various distributed systems, you may utilize IAM to identify policy violations and eliminate incorrect access privileges. IAM can also help you meet regulatory and audit obligations by ensuring that security safeguards are in place.
Sharing of information
IAM provides a centralized location for access and identity management data. You can utilize the same security policies across all the organization’s operating platforms and devices. IAM frameworks can help you enforce user authentication, rights, and validation policies.
For application owners, end-users, and system administrators, IAM streamlines the signup, sign-in, and user management processes. IAM makes providing and managing access simple, which increases user happiness.
Gains in productivity
IAM centralises and automates the identity and access management lifecycle, allowing for scenarios such as new hires and role transitions to be handled automatically. This can speed up access and identity changes while also reducing errors.
IT Costs are Lower
IAM services might help you save money. When you use federated identity services, you don’t need local identities for external purposes, which simplifies application administration. Cloud-based IAM services can eliminate the requirement for on-premises infrastructure purchases and maintenance.
Access to company resources is under rising regulatory and organizational pressure for business leaders and IT teams. As a result, they can no longer allocate and track user credentials using manual and error-prone processes. IAM automates these processes and allows for extensive access control and auditing of all company assets, whether on-premises or in the cloud. IAM is perfectly suited to the rigors of the current security landscape, with an ever-growing list of features such as biometrics, behaviour analytics, and AI.