iap.exe is a part of the Dell OpenManage Client Instrumentation. It is used to access information about client computers by remote management application programs. This is a non-essential process.
Disabling or enabling it is down to user preference.
Non-system processes like iap.exe originate from software you installed on your system. Since most applications store data in your system's registry, it is likely that your registry has suffered fragmentation and accumulated invalid entries which can affect your PC's performance. It is recommended that you check your registry to identify slowdown issues