50%
Through 2023, organizations that can instill digital trust will be able to participate in 50% more ecosystems, expanding revenue-generation opportunities.
Use case
Collaboration
A consortium of entities collaborates in relation to a specific use case; enabling an algorithm to travel between their data in situ within their respective entities (and jurisdictions as/if relevant) in order to benchmark aggregated market data against their own internal data.
£9.7m
The average financial impact of poor data quality on organizations is $9.7 million per year.
Challenges
Regulatory restrictions
Concerns about sanctions for breaching data privacy and confidentiality rules inhibit innovation and collaboration efforts.
Technical shortcomings
Many organisations are simply not aware that data collaboration is technically possible, even if they would like to do it.
Overcoming barriers
There are deep rooted privacy, trust, transparency, commercial and ethical concerns that prevent data and insights from being shared between competing organisations.
How AIRtech® helps
Access without the detail
Users can access the information they need without compromising commercially or individually sensitive details. No personal information is accessible, visible to, or shared with other entities; only the aggregated market knowledge.
Go beyond what you know
The AIR Platform gives companies working together access to shared knowledge, beyond their own data sets.
Audited and traceable
Know who asked the question and what they found out with distributed ledger technology-based audit trails that log all queries and interactions with the respective data.
‘By 2023, 65% of the world’s population will have its personal information covered under modern privacy regulations, up from 10% today.’
Gartner
Discover more use cases
Internal data access challenge
Unlock new opportunities in your data by quickly, easily and repeatedly accessing data from multiple sources across your entire organisation in a compliant, secure and auditable environment.
Increase revenue
With a shortcut to value, you can deploy new products and services faster but with the same data-driven foundations.
Mitigate risk
Remove risk inhibitors to realise the value of data faster.