Not too long ago, identity access management (IAM) hardly warranted a full-time manager. Mostly, these responsibilities were tacked onto other IT employees’ duties. But burgeoning demand for this technology is leading to a convergence of business and IT functions and prompting companies like forest products giant Weyerhaeuser Co. to place ads for full-time IAM technologists. “Convergence is the most significant thing happening in identity management,” says Jonathan Penn, vice president and research director at Forrester Research. “Integration and convergence are upfront costs that pay for themselves over time through lower operational costs and better overall security.”

IAM began life as an IT security framework to identify individuals within an organization who required access to data, and the access management tool acted as a gatekeeper. Now, however, demand is being driven by business functions, including Sarbanes-Oxley (SOX) regulations and the pressure to overlay governance, risk and compliance (GRC) tools on enterprise resource planning systems, vendors say. IAM “is becoming a cornerstone of an enterprise compliance effort,” says Venkat Raghavan, director of strategy for IBM Corp.’s Tivoli storage and security software products. “This is a core process that needs to be applied across a system in many applications.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.