Modern businesses require advanced solutions for data privacy and insight sharing.
A leading-edge technology now enables firms to gain insights without compromising data security or privacy.
In the modern era, the need to share data insights without compromising privacy is crucial. GDPR compliance is at the forefront of technology developments, ensuring data protection.
A revolutionary technology enables businesses to share crucial insights without physically moving data. This tech innovation respects privacy laws and regulatory standards, making it a significant advancement in data management.
InfoSum has introduced ‘Link’, a groundbreaking product that allows data collaboration without data exchange. This innovation ensures that businesses don’t have to share or adapt their source data while gaining valuable insights.
Nick Halstead, CEO of InfoSum, highlighted the challenges businesses face in accessing necessary data to create market-defining products. He notes, “Access to the data sets needed is cumbersome and riddled with technical challenges.”
InfoSum Link employs a normalisation system that converts diverse datasets into standardised categories, facilitating compatibility.
This method not only respects privacy and security but also ensures that the data remains in aggregate statistical format.
By doing so, InfoSum Link allows businesses to generate detailed reports quickly without commercial, security, or privacy risks.
The primary benefit of InfoSum Link is that businesses retain ownership and control over their data. The results provided are purely statistical, ensuring anonymity.
This approach allows companies to innovate rapidly and develop consumer-centric products and services without compromising data privacy.
Thus, businesses can assess the value of sharing insights with other entities efficiently and securely.
This software as a service product, with a starting price of £50, makes sophisticated data insight tools accessible to a wider range of businesses.
Founded in 2016, InfoSum raised $8 million to bring such innovative products to the market effectively.
Despite the promising nature of such technologies, challenges remain in ensuring compatibility and maintaining data integrity.
However, the opportunities to drive innovation and comply with regulatory requirements are vast and impactful.
InfoSum Link exemplifies the future of data collaboration, where insights can be shared without the movement of data.
This technology not only meets GDPR standards but also sets a precedent for future innovations in secure data management.
InfoSum’s innovative approach marks a new era in data privacy compliance.
Businesses can now leverage shared insights securely, fostering new growth while maintaining trust.
