What is the function of the 'Manage Permissions' option in the Instance Details tab?

The 'Manage Permissions' option in the Instance Details tab primarily serves to adjust visibility and operations permissions for groups. This functionality allows administrators to specify which user groups can access certain elements of the system and determine what actions they are permitted to perform, such as viewing, editing, or deleting information. By managing these permissions, an administrator ensures that sensitive data is protected and that users have appropriate access tailored to their roles and responsibilities within the organization. This ability to differentiate permissions for various user groups contributes significantly to maintaining security and efficient operations within the platform.

In contrast to this, creating new users relates to user management functions that are found typically in user administrative settings, monitoring usage statistics involves analytics features that assess how the system is being utilized, and backing up data pertains to data management practices that ensure information is preserved and recoverable in case of loss.