TL;DR: Certificate management has become a measurable business risk because manual renewal, fragmented visibility, and outage exposure now carry direct operational cost, according to Keyfactor’s discussion of a Forrester TEI study. The real issue is not whether PKI is necessary, but whether trust can still be sustained at machine speed without lifecycle automation.
NHIMG editorial — based on content published by Keyfactor: What if You Could Put a Real Dollar Value on PKI?
By the numbers:
- 69% of organisations now have more machine identities than human ones.
- Only 38% have automated certificate lifecycle management in place.
Questions worth separating out
Q: How should security teams manage certificates when manual renewal no longer scales?
A: Security teams should treat certificate management as a governed lifecycle process, not a ticket-driven admin task.
Q: Why do certificate outages create identity governance risk instead of just downtime?
A: Certificate outages create identity governance risk because the certificate is what allows systems to trust each other.
Q: What breaks when organisations rely on spreadsheets for machine identity management?
A: Spreadsheets break down when certificate counts, owners, and renewal windows outgrow manual coordination.
Practitioner guidance
- Map certificates to identity owners and service dependencies Build a current inventory that ties each certificate to a system owner, business service, renewal date, and revocation path.
- Replace spreadsheet renewal tracking with workflow control Move renewals, approvals, and exception handling into a controlled workflow so expiring certificates cannot depend on local memory or ad hoc reminders.
- Measure certificate outage exposure as a governance metric Track failed renewals, expired certificates, and time spent on manual provisioning alongside business impact so PKI risk is visible to IAM and resilience leaders.
What's in the full article
Keyfactor's full article covers the operational detail this post intentionally leaves for the source:
- The Forrester TEI methodology behind the 356% ROI and $9.9 million NPV figures.
- The composite organisation assumptions, including employee count, revenue scale, and interview basis.
- The cost model for certificate provisioning, infrastructure reduction, and outage-related savings.
- The business-case framing executives can use to justify PKI automation investment.
👉 Read Keyfactor's analysis of PKI automation ROI and certificate risk →
PKI automation ROI and certificate risk: what teams need to know?
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