The author of this Pathfinder report is Mike Fratto, a Senior Research Analyst on the Applied Infrastructure & DevOps team at 451 Research, a part of S&P Global Market Intelligence. Pathfinder reports navigate decision-makers through the issues surrounding a specific technology or business case, explore the business value of adoption, and recommend the range of considerations and concrete next steps in the decision-making process.

This report explores the following topics:

• the growth of already commonplace cloud usage for mission-critical applications
• the importance of cloud governance
• the top cloud security concerns for enterprises
• the adoption of third-party tools for cloud management
• the steps IT teams should take to make their cloud environments more secure and reliable

Research finds PAM solutions are too complex with 68% of organizations paying for “wasted features” that are rarely used. A global survey of 400 IT and security executives conducted in January 2023, by Keeper Security in partnership with TrendCandy Research, reveals an overwhelming industry desire for Privileged Access Management (PAM) solutions that are easy to deploy and maintain.

The findings show that traditional PAM solutions are falling far short, largely because they are too complex to implement and use. An overwhelming 84% of IT leaders said they want to simplify their PAM solution in 2023. In the current high-risk security climate, it is imperative that all organizations secure their privileged credentials, privileged accounts, and privileged sessions to protect their crown jewels. However, many traditional PAM solutions are failing to provide their intended value outside of these core use cases, because deployment is either too complex, too cost-prohibitive, or both. In the era of remote work, organizations need agile identity security solutions that can protect against cybersecurity threat vectors by monitoring, detecting, and preventing unauthorized privileged access to critical resources.

Keeper Security, a leading innovator in privileged access management, wanted to better understand how IT leaders are thinking about PAM, deploying their PAM solutions, and streamlining their PAM implementations. Keeper commissioned an independent research firm to survey 400 IT and data security leaders in North America and Europe about their strategies and plans for PAM in 2023.

• CISOs face stringent government regulations, such as the current administration mandating 12-18 months of log retention.
• Chief Enterprise Architects worry that the average cost of a single enterprise service outage is $400K and the average MTTR is over 7 hrs.
• Companies such as Facebook lose $65 million and 4.8% of their stock valuation over a 5-hour outage.
• Security breaches mar organizational reputation and prove a threat to business.
• 91% of leaders agree that monitoring tools are siloed and domain-specific, complicating the log management landscape.
• VP Cloud/IT Services acknowledge the accelerated pace of digital transformation post-COVID-19 and recognize the need for more sophisticated security monitoring and SIEM adoption.
• Log management market size reaches $2.3 billion in 2021 and is expected to grow to $4.1 billion by 2026 at a CAGR of 11.9%.

What’s in this white paper?

Learn how AIOps industry has evolved and how CloudFabrix leads the industry in this Radar with its balance of product strength and cost-efficiency in change impact and capacity optimization, with strong support for all three use cases evaluated. Its platform continues to evolve and broaden its solid set of third-party integrations for monitoring, configuration, security, business impact, and other values.