In real-world heterogeneous environments, application developers are keeping up with fast-changing security and policy.  With Oracle Web Services Manager (OWSM), you can rapidly manage security, have flexible authentication and authorization for all your organization’s web services, build virtualization of service endpoints, and ensure visibility of SLA performance.  We will explore the capability of OWSM, and how with it you can focus your development efforts on new function, and less on governance and fast changing policy.   Also, we’ll explore how OWSM can secure unprotected shrink-wrapped services.  OWSM can even empower compliance to handle reporting and policy standards separate and independently.  We’ll also explore other tools which govern security for your applications and services, centralize identity, ease authorization, and handle policy and governance centralization and reporting.  Finally, we’ll discuss general industry road-map and direction in the Identity and Access Management space.