Digital transformation, competitive advantage, and saving money are driving factors for any organization moving to the cloud. Unfortunately, even organizations already in the cloud can’t keep up with the pace of new business demands, like modern capabilities, better experiences for users, or addressing audit and regulatory pressures. As a result, organizations need to not only modernize legacy identity and access management (IAM) infrastructure for the cloud, but also support existing and new cloud initiatives while ensuring enough resources are still focused on cloud modernization.
A comprehensive cloud IAM platform can greatly help organizations simplify access, save money, and grow revenue. According to Forrester Research, organizations can reduce their IT operations and development costs by up to 80% by using cloud IAM solutions. Labor costs are also 80% to 90% lower for initial and ongoing maintenance and development of a cloud IAM solution.