Despite rapid growth in the identity-as-a-service (IDaaS) market, many security and risk (S&R) pros still rely on an existing on-premises Microsoft Active Directory (AD) to support their IDaaS offerings. While this hybrid approach enables them to realize IDaaS value quickly without significant changes to their directory infrastructure, it doesn't provide the full benefits of cloud-optimized identity architecture. Fully functional AD capabilities as SaaS now place a full cloud IDaaS deployment within reach. This report helps S&R pros assess the potential fit of a cloud-based directory for their organization.