Identity governance: Balancing cost reduction with effective risk management
Cost reduction is a top priority for many organizations, leading to the adoption of various technologies to automate tasks and improve efficiencies for cost savings. However, minimizing risk should also be a key objective for every business.
To achieve this, companies are looking into Identity Governance and Administration (IGA), which is a policy framework and security solution for automating the creation, management, and certification of user accounts, roles, and access rights. This ensures consistency, efficiency, and improved awareness, all of which are essential for reducing security risks. However, implementing IGA can often be seen as a laborious task that gets abandoned before the business experiences the benefits it has to offer.
When it comes to identity governance, how do you know what’s best for your business? Weighing the pros and cons of best-in-breed vs. platform
When it comes to identity management security tools today, there are two main camps: best-of-breed and platform. When choosing between best-of-breed solutions and integrated platform solutions it's important to weigh their respective advantages and disadvantages. In order to perform a thorough analysis, it’s recommended to have a firm grasp of your organization’s objectives, maturity, priorities and capabilities -- for example, whether your organization can effectively manage multiple vendors, or whether your organization would benefit from a platform approach that may be too broad for your complex needs.
You could think of it in terms of buying a car. Having a high-end car may seem attractive, but it comes with additional challenges and responsibilities. You can only choose what's best for your organization once you've taken a realistic and accurate look at your organization, its skills and its needs.