Identity and access management (IAM), simply referred to as identity management, is a form of an access management system which is under the intertwined scope of information management and IT security. Its main objective is the supervision of access to authorized parties to maintain security in terms of systems and data management. Apart from identifying, authenticating, and managing access to IT resources for users, digital identity management systems are also in charge of controlling the hardware and applications needed to be accessed.
Crucial to an organization’s security architecture, digital identity and access management system aids in the verification of a person’s identity to make sure they are awarded the appropriate level of access to the data and systems of the workplace. It is quite common for identity management, authentication, and access control to be used interchangeably in some cases. However, they each relate to individual and specific areas of enterprise security applications.
As we move forward to an increasingly digital world, digital identity and access management solutions are being deployed in multiple industries and becoming more and more critical in observing regulatory requirements and processes such as KYC protocols for banks, telcos and other institutions.