The process of determining the economic value of a Single Sign-On (SSO) protocol or system.
Description
In the context of Single Sign-On (SSO) protocols, valuation refers to the assessment and determination of the financial and operational worth of an SSO system. This process involves evaluating various factors such as the costs associated with implementation, the potential savings from reduced password management, and the efficiency gained through streamlined user access. Valuation can also include considerations of user experience, security enhancements, and the impact on organizational productivity. For instance, a company may assess the value of implementing an SSO solution like Okta or Auth0 by analyzing the time saved by employees not having to remember multiple passwords. Additionally, the valuation may also encompass the long-term benefits of improved security and compliance with regulations like GDPR. By understanding the valuation of an SSO protocol, organizations can make informed decisions regarding investments in technology that enhance user experience and security while potentially reducing operational costs.
Examples
- Okta's SSO solution is valued for its ability to reduce user login time significantly, which translates to increased productivity for organizations.
- Auth0 provides a cost-benefit analysis showcasing how their SSO can lower IT support costs related to password resets.
Additional Information
- Valuation can help organizations justify the adoption of SSO by highlighting potential ROI through efficiency gains.
- Regularly reassessing the valuation of an SSO protocol can keep organizations aligned with evolving technology and security needs.