The benefits of Identity Access Management in 2024

As we navigate the ever-evolving landscape of digital transformation, the significance of robust Identity Access Management (IAM) systems has become more pronounced than ever.

In 2024, IAM stands at the forefront of securing businesses, protecting sensitive data, and streamlining operations. This article delves into the transformative benefits of Identity Access Management in the current technological landscape.

Enhanced Security Protocols:

IAM solutions have evolved to provide unparalleled security features, safeguarding organisations against the growing threat landscape. In 2024, advanced authentication methods, such as biometrics, multi-factor authentication, and adaptive authentication, have become integral components of IAM systems. This heightened level of security ensures that only authorised individuals gain access to critical systems and sensitive information.

Regulatory Compliance:

With an increasing number of regulations surrounding data privacy and security, organisations must adhere to strict compliance standards. IAM solutions play a pivotal role in helping businesses meet these requirements. Whether it be GDPR, HIPAA, or other regional regulations, IAM systems assist in enforcing access policies and maintaining audit trails, ensuring companies remain compliant with evolving legal frameworks.

IAM solutions in 2024 are designed to provide a seamless and user-friendly experience. Single Sign-On (SSO) capabilities reduce the need for multiple passwords, simplifying the login process for end-users. This not only enhances productivity but also reduces the risk of security breaches resulting from weak passwords or password reuse.

Remote Workforce Management:

The rise of remote work has made IAM even more crucial. Organisations now need to manage access for employees working from various locations, often using different devices. IAM solutions cater to these challenges by offering secure access controls and monitoring capabilities, ensuring that remote employees can collaborate and work efficiently without compromising security.

Identity Governance and Administration (IGA):

In 2024, IAM systems are more focused on Identity Governance and Administration, ensuring that access privileges align with organisational policies. This involves automating processes related to onboarding, offboarding, and role management; reducing the risk of unauthorised access and ensuring employees have the right level of access throughout their employment lifecycle.

Cost-Efficiency and Productivity:

Implementing IAM systems leads to cost savings by reducing the risk of security breaches, minimising the need for password resets, and streamlining administrative tasks. By ensuring that employees have the appropriate access rights, IAM contributes to increased productivity as employees can focus on their tasks without unnecessary access restrictions or distractions.

Advanced Threat Detection:

IAM systems in 2024 leverage artificial intelligence and machine learning to detect anomalies and potential security threats. By continuously monitoring user behavior, these systems can identify suspicious activities in real-time and respond swiftly to mitigate potential risks, offering a proactive defense against cyber threats.

How can New Era help?

Our IAM solution, Able+, is offering customisation and flexibility to ensure your IAM strategy aligns to your business needs. Delivered as a managed service, it can be operated from the public cloud, private datacentre, or a hybrid infrastructure. It streamlines identity governance and improves user productivity and satisfaction by enabling secure single sign-on to applications.

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