The demand for identity governance and administration (IGA) is growing in an increasingly virtual and agile work environment. Identity governance and administration is the process of managing the identities of people who are allowed to use an organization’s resources. It involves establishing policies and procedures to grant appropriate access to people or groups who need a technology resource. This type of management falls under data management and IT security. This new technology includes policy management, auditing automation, and relevant access certification. It also reduces costs, time management, and compliance burden. Let’s discuss some of the benefits of identity governance.
In This Content
Reduces Costs
A cloud-based identity governance and administration (IGA) solution can help enterprises reduce overall costs. It automates manual processes and accelerates employee efficiency. Most IGA solutions range in price from $2 to $6 per user per month. A single subscription can help businesses save as much as $3 million annually.
Many organizations deploy cloud-based IGA solutions to streamline their user identity lifecycle management and manage compliance. They also increase scalability. Manual processes require little visibility and can’t scale. Organizations that wish to scale must also have processes and workflows in place. Using an IGA solution ensures the compliance of all systems, including cloud and hybrid architecture.
An IGA solution reduces costs by reducing identity management complexity. Organizations can reduce overall costs by standardizing access privileges across departments and roles. It can also help organizations demonstrate compliance with regulatory requirements. Leveraging an IGA solution’s built-in reporting capabilities, IGA solutions can help organizations automate periodic reviews and attestation of access.
Organizations must implement a comprehensive identity governance solution to meet compliance and security challenges in today’s rapidly-changing digital world. These solutions can manage user accounts, access rights, and user roles while reducing the workload on IT operations teams and help desks. They can also provide automated policy enforcement to meet service-level goals without compromising security or compliance.
Reduces Time Management
With identity governance and administration (IGA) solutions, IT teams can focus on the most critical tasks and reduce time spent on administrative tasks. These solutions automate password management and provisioning processes, which increases efficiency and minimizes operational costs. They also have an intuitive user interface that makes it easy to request access, manage passwords, and review access. Plus, they provide analytics for organizations, helping them manage access and costs better.
Identity governance and administration solutions can help organizations address the challenges of a rapidly digitizing world. They can ensure compliance with access requirements, prevent privilege creep, and minimize operational inefficiencies. They can help organizations manage user access and minimize risk, reducing time and effort. Identity governance can help protect your company against cyberattacks and improve overall efficiency with the right solutions.
Implementing identity governance and administration systems can be time-consuming and complicated. These solutions emerged in tandem with stringent data regulations that required improved data management and transparency. These systems were developed to give organizations greater visibility into identity and better control over access. They help organizations ensure that only authorized people have access to critical information and aren’t abusing it.
Reduces Compliance Burden
Identity governance and administration is a policy-based approach to identity management that reduces risk, increases compliance, and helps organizations manage user access. It addresses the segregation of duties, password management, role management, logging, analytics, reporting, and credential management. Moreover, it provides capabilities that go beyond traditional IAM systems.
With this new approach, identity governance and administration can be automated, reducing the compliance burden for organizations. It also enables business users to self-manage their identities and passwords, eliminating the need for a help desk or IT operations team to review and approve every request manually. As a result, organizations can meet service-level objectives without compromising security and compliance.
Identity governance and administration solutions are an essential foundation for meeting regulatory requirements. In susceptible sectors, such as healthcare, non-compliance can lead to penalties or criminal charges. Furthermore, these solutions can increase a company’s trustworthiness and lead to new contracts. Additionally, robust IGA programs become a cornerstone for data privacy compliance programs.
Identity governance and administration can be complex and challenging to manage. Cloud-based applications, for example, require dynamic access to resources. Organizations must also manage non-person identities to ensure compliance. As organizations grow, compliance mandates become more challenging to meet. In addition, employees working from remote locations must have timely access to resources.