Today, most Identity Governance & Administration (IGA) products are offering multi-tenant IDaaS solutions, and mature enterprises are delving into the question of modernizing IGA or not.  This presentation will provide an overview of product trends and specific product capabilities. Operational and migration costs will be framed out and associated with the benefits these new cloud-based products offer. Is the cloud truly less expensive to operate?  What new costs will be incurred?   In an analysis of the costs and benefits, challenges and considerations for modernization will be discussed and put in the context of real experiences and case studies.   What has to change to utilize a cloud service?  How is migration done without risk? In conclusion, thoughts on the value proposition and recommendations for considering a new Identity cloud solution will be presented.