Identity management is one of the key contributors to compliance and security. But identity management is also not adding value to the product or service of a company. The key is to design those support processes around identity management as efficient as possible. Identity management can be classified current times into two large fields:
- Management of corporate identities like employees, system accounts and all other elements of access related directories.
- Management of cloud identities like customers or even more important of products and objects in times of the internet of things (IoT).
The current challenge of identity management is to address all aspects in a rapidly growing field. Especially as the number of IoT devices, used applications is expected to grow exponentially in the next decades.
Identity management ensures traceability of information. Most people think, more is better. But large data volumes of personal data represents a main problem in times of GRPR and data protection regulations in Europe.