Is this statement true about identitylQ's syslog event storage?

The statement isfalse. While it is true that logging and auditing require extra function calls and generate data, the suggestion that this data can be compressed to avoid storage issues and improve performance is misleading. In practice, while compression might save storage space, it does not inherently improve performance, particularly because the overhead of compression and decompression could negate the performance benefits. Effective performance management in IdentityIQ involves more nuanced approaches, such as optimizing the level of detail in logs, managing log rotation, and tuning the system for efficient I/O operations.

References:

SailPoint IdentityIQ Logging and Auditing Guide

SailPoint IdentityIQ Performance Tuning Guide