Whether you work in the finance department, tech and ops, or marketing, the need for real-time statistics, reporting and detailed auditing is essential to your goals. In product development, one major work stream is often the development of the reporting and statistics behind the health and adoption of a new service or tool. Within the program and project management of any line of business, real-time stats and detailed auditing constitute a significant portion of day-to-day activities. And again in IT security, understanding the real-time analytics within an enterprise can help thwart cyber-attacks.
According to a recent study on Insider Threats conducted by the Ponemon Institute, organizations suffer an average of more than 52 incidents of insider fraud annually. Traditional security controls, such as application logging, are often powerless in these situations.
“As a result, a detailed audit trail of user access to sensitive corporate data has become a necessity for protecting your corporate brand and information assets. It is also required by an increasing number of government regulations and especially privacy regulations.”- The Fraud Examiner
In addition, modern day fraud and management solution analytics provide other distinct advantages when it comes to monitoring access management and password management. With robust auditing and real-time analytics can help drive productivity and improve privacy by giving you control of your data without compromise.
Reduce Costs with Real-time Analytics
One of the most effective benefits of real-time analytics is its ability to reduce costs. By managing your business with Hypersocket password manager’s trigger engine, for example, the robust analytics help keep you on top of crucial events by empowering you to build your own real-time triggers, and then audit everything for easy troubleshooting.
Password Manager Analytics Increase your ROI in three ways:
- Decreases the idol time your Help Desk spends by facilitating troubleshooting issues.
- Increases productivity by being able to help you predict growth.
- Increases the transparency concerning your password management framework and your user-base.
Ultimately, analytics lower costs by driving operational decisions with predictive insights.
Putting It All Together
Analytics is a powerful enabler of IT. From the finance department to tech and ops, from HR to marketing, the need for real-time statistics, reporting and detailed auditing is essential to reach value in any organization.
In IT security product development, statistics can also be crucial part of your initiatives, particularly in password management. By properly employing analytics you can decrease help desk idol time, better predict growth and make better modifications to handle scale, and improve transparency concerning what is and isn’t working in your IT security department and password management position.
Ultimately, good and robust, real-time analytics within program and project management in IT security, can help thwart cyber-attacks and keep the integrity of your network and data.
This Blog was brought to you by Hypersocket and its CEO, Lee David Painter. With over 20 years of industry experience as a pioneer in IT Security, Lee developed the world’s first OpenSource browser-based SSL VPN (SSL-Explorer). Today Lee runs Hypersocket, a leader in virtual private network technology.