Security: Identity Management Systems: Building a Business Case for Your Enterprise
New governance-based identity management projects are being closely examined by C-level executives as enterprises continue to face growing security and IT risk-management issues, an increasing list of compliance requirements, and the need to streamline IT processes. A good IDM system provides a centralized approach for handling authentication within the enterprise, inside databases, and for cloud-based applications and Web services. This relatively new IT supports fine-grained authentication and entitlement management in enterprise IT environments. Like any other initiative, IT organizations must still obtain executive support for funding. The key is to present a strong business case that is based on demonstrable needs, realistic goals and a compelling financial model that clearly justifies the investment. An IDM system designed with business users and business benefits in mind is most desirable. This slide show explores the business elements that are driving investments in identity management today. The expertise was provided by founder and President Kevin Cunningham of SailPoint, whose IdentityIQ system is designed to help organizations mitigate risk, reduce IT costs and ensure compliance.
Whats Driving Identity Management Projects Today?
Governance, risk and compliance pressures primarily drive today's identity management strategies. Failure to control access to sensitive data and applications can impact a company's brand reputation, stock price and compliance posture. Demand for identity management is also being fueled by the amount of rapid employee change faced by global companies. With employment turnover rates higher than ever, frequent mergers, acquisitions and divestitures, and industry downsizing, the ability to rapidly grant, change or remove employees' and contingency workers' access is critical.Â Â