In its article on digital transformation, Deloitte insights perhaps captures the essence of our changing times most eloquently, with the following words – “Digitally maturing companies are not only innovating more, but they’re also innovating differently.”
But in their efforts to establish differentiators, businesses often miss how crucial governance truly is. Social and ethical repercussions of digital businesses are only on the radar of about 35% companies, Deloitte states in the same article. Does this leave identities, data and sensitive information in the mercy of those you’d rather not trust? How successful has innovation really been if governance was only an afterthought?
Introspecting on those lines, what we’ve put together is a simple read on how successful IAM implementation and policies are the backbone to your digital transformation efforts, not just from a technology standpoint, but from that of a business future-proofing one.
Identity and Access Management for sustainable digital transformation
As your business embraces digital transformation endeavors, its vulnerability to cyber-attacks raises inevitably. Cognizant transformation evolves from a state of awareness, wherein businesses take stock of their security status and plan corrective measures as required.
This is where Identity and Access Management solutions (IAM) come into the picture. Designed to secure, govern and manage digital accesses, they create a protective bubble for your business, and you can truly safeguard the entry point into this system.
Effective IAM solutions are a combination of Access Management – a solution that streamlines and manages multiple accesses as well as Identity Governance and Administration – a solution that helps you monitor and govern the accesses.
Deploying the right kind of IAM solution in your digitally driven organization, significantly accelerates digital transformation, here’s how;
1.Factors Risk-based Authentication (RBA)
“Gartner defines digital ecosystem as an interdependent group of actors (enterprises, people, things) sharing standardized digital platforms to achieve a mutually beneficial purpose.”
These ecosystems are invariably third-party agnostic entities – because we live in times of on-demand operations, hyper-customization and vendor-led economies and the definition covers most business’ statuses. Opening yourself up to the world at large then warrants further customization to the way you seal you gates.
Risk-based authentication, a process that employs analytics to gauge the business situation of the access and the user behavior associated with it is therefore imperative to ensure that you’re a step ahead of potential perpetuators.
Risk-based authentication qualifies risks associated with the login attempt on multiple levels – factoring, the IP, the geolocation, user identity details amongst other factors. Only when real threats are sensed, the authentication asks for multiple steps or a challenge response. This way, the hassle of having every user undergo multiple layers of security is also saved.
Often enough, companies believe that RBA is only for larger corporations and not for everyday transactions of their relatively smaller teams. But a strong SSO and RBA policies have now become the starting point for any organization looking to accelerate safely.
2.Makes way for unconditional collaboration
Digital transformation is an enabler and the means to the end that is productivity. In order to make the most of your investments in technology, resources and people, you need to make cross-functional collaboration simpler than ever. Cross-function, by definition, in today’s context involves remote teams from across the world, solutions originated in different locations of the world and devices that go beyond traditional form factors.
Such collaboration, then, cannot suffer because you’d rather the team works from the same office space to ensure security or because you chose to have complicated policies that disallow, simple collaborative solutions. A successful IAM solution can unify the needs of different business challenges and help you build a haven to collaborate from. This takes a combination of access management and governance. For example, agility is a lot about embracing new roles and responsibilities which means accesses are subject to change. And, to be able to change these accesses with changing times and avoid lapses, you’d need an automated process. If at the crossroads of transformation, you choose rigidity over agility simply because you think it is safer, you’re choosing a shelf life that isn’t long enough.
3.Addresses Nuanced governance – the need of the hour
Governance is the need of the hour, on multiple levels. What organizations forget is the fact that unified access is the usability challenge addressed, while governance is the actual security layer that safeguards your data and its validity. A well-rounded IAM solution, with its ability to guard access and secure passwords, can not only give you visibility on who has access to what, but also lets you take the right steps before the damage is done, when you feel that the accesses are out of control. With that, the complexities of compliance and the different layers of breaches can all begin to fall in place.
IAM is also the backbone to sustained and continued compliance – another core requirement for a business that needs to prove its worthiness to the world. In addition, core maintenance activities like access certification review, begin to get a wholehearted attempt from the concerned managers when governance is simplified. When it comes in the way of business as usual, managers don’t take security protocol seriously. However, when your agents of digital transformation are built to govern, they will be both sustainable and secure in the long term.
Put simply, the ball is in your court, when it comes to digital transformation and the secured acceleration. So, choose wisely.
Drop in a line on how you are keeping your data secure!