65%
By 2023, 65% of the world’s population will have its personal information covered under modern privacy regulations, up from 10% today.
Use case
Internal data access challenge
An international organisation uses the RegulAItion AIR Platform to unlock new opportunities in the data they own by querying data sources held by multiple entities and jurisdictions across their organisational network. Quick, easy and repeatable access to internal knowledge overcoming data residency requirements for specified data in a compliant, secure and auditable environment.
£9.7m
The average financial impact of poor data quality on organizations is $9.7 million per year.
Challenges
Data silos
Data held across a variety of different systems and jurisdictions, which lack interoperability, makes it harder for organisations to access their data for analytics.
Legal & regulatory requirements
Data localisation legislation prevents a multinational organisation from accessing its own customers’ data when it is held in multiple jurisdictions.
Data transformation
In order to work with data, organisations must transform, transfer and host data as part of a broader digital transformation programme, making it a lengthy, time consuming process that increases the risk and cost of every project.
How AIRtech® helps
Complete data privacy
The AIR Platform is used to access all desired data in compliance with data privacy legislation.
Increased operational efficiency
The AIR Platform’s Data Science Toolkit enables the data science team to access the data and deploy algorithms easily.
Complete auditability
Every data interaction is tracked. The Data Governance Dashboard allows the risk functions to control and audit data access in an automated manner and in real-time.
Cloud and hardware agnostic
Deploy the AIR Platform on premises or in the Cloud. There’s no major ‘lift and shift’ requirement, as it is easily spun up and deployed.
‘92% of businesses say they will lose revenue if regulators don’t evolve to keep pace with disruptive change.’
Gov
Discover more use cases
Mitigate risk
Remove risk inhibitors to realise the value of data faster.
Digital regulatory reporting
Automate, digitise and standardise to meet regulatory requirements even when regulation changes.
Collaboration
Drive commercial benefits while meeting regulatory requirements with fast and repeatable access to data across multiple organisations, no matter where the information is held.