API management is the key to success
Secure APIs are the foundations of success and security in the application economy, which is where API management comes into play. API management combines advanced functionality for back-end integration, mobile optimisation, cloud orchestration and developer management. It supports enterprises in executing digital and Internet of Things (IoT) strategies with the right management tools, security, scalability and flexibility that organisations need to open the flow of data while minimising risk to their brand and customers.
The identity management play
Bring-your-own-device (BYOD) is yesterday's news. Multiple devices now interact with different personas from your home, car, handheld, pocket or work. These connections to social or corporate platforms are powered by APIs, the building blocks of the digital transformation, and they have to be targeted, operational, available and managed.
The security of knowing who is sharing what with whom is important, and will make identity management a growing priority in today's business set-up. Users with excessive privileges or entitlements can wreak havoc on a business from a security, compliance, and liability standpoint. Managing access, ensuring privileged users are well monitored and then seamlessly measuring risk on that connection to authenticate is just the beginning of how we will work and play in the application economy.
IoT and digital privacy setting
For the next few decades the world will be powered by devices that talk to each other, without our interaction or intervention, irrespective of industries. Information from sensors, such as patterns and geolocation, will inspire new business models and spur innovation into hyperdrive.
In the Asia Pacific and Japan, whilst our economies offer attractive markets, one challenge is the diverse conditions across the region. For example, regulations over currency, cross border movements, taxation, hotel chains, food chains and carriers can vary widely across the region.
These regulations include laws over data privacy, which will affect how businesses manage data and the type of innovation or services they can offer. For instance, in order to provide targeted advertisements or information customised to your past shopping habits or preferences, there will be a certain level of personal data required or stored. This area of digital privacy is one that will likely come under closer scrutiny as consumers and policy makers decide how much of a premium they wish to trade off for innovative services.
In order to manage digital privacy securely, secure APIs and an identity management approach are necessary. Taking into consideration the overall cyber threat landscape and technology trends, security in organisations has evolved from "No, it cannot be done" to "Know what is going on" — identifying who is accessing what kind of information, and from where.
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