Many businesses operate in a data access mode known as “default to know,” particularly when they are in hyper-growth mode. The result is that there can be an uncontrolled and overly permissive approach to data access which can lead to hidden costs in terms of security and compliance. Growing and expanding companies will require more secure sharing of critical assets, resulting in a shift from “default to know” to a “need to know” approach. 

The need-to-know concept combines modern economics and data security by allowing users access to only information they require for their tasks and responsibilities. With this enforcement, safe sharing is enabled and suppliers can work efficiently in today’s globalized world while ensuring data security and compliance.  Previously, monitoring and granting need-to-know access via manual tools and procedures have significantly slowed innovation and growth as access granting might take up to days to complete the actions. However, in today’s dynamic digital environment, it is important for this to be completed in real-time to ensure authorized users can easily access data, while remaining secure and keeping the business agile.