In today’s data-driven world, staying compliant with GDPR is a critical aspect for businesses globally.
Manchester-based company Peak provides an innovative AI-driven platform designed to assist companies in remaining GDPR compliant, streamlining the process and ensuring data protection measures are up to date.
Many organisations face substantial challenges in adhering to GDPR. With the regulation’s impending enforcement, the need for effective solutions becomes paramount.
GDPR compliance involves complex data protection measures, and failure to comply can result in significant penalties for businesses.
Peak offers a subscription-based AI and machine learning solution aimed at conducting Data Protection Impact Assessments (DPIAs) efficiently.
This solution categorises personal data based on sensitivity and security, using AI algorithms to classify and assess GDPR risk exposure.
Data is then presented on a personalised dashboard, continuously monitoring GDPR compliance through regular updates.
AI algorithms are crucial in dividing personal data into categories, ensuring quick and accurate assessments.
The integration of AI in GDPR compliance allows for identifying GDPR risks in a timely manner, helping businesses stay ahead of potential issues.
By automating these processes, companies can focus more on strategic decisions rather than administrative tasks.
Peak’s platform ensures data is consistently GDPR compliant by regularly updating its assessment results.
This approach significantly reduces the time and cost involved in ensuring compliance, providing a cost-effective solution for businesses.
High, medium, and low-risk data fields are highlighted, allowing companies to prioritise their data protection efforts effectively.
To enhance its platform, Peak collaborated with data protection expert Julian Parkin to refine its capabilities.
This collaboration ensures that the solution not only meets but exceeds current compliance standards. “The bespoke discovery and monitoring capabilities are truly revolutionary,” Parkin noted.
Such expertise is instrumental in developing features that drive down costs during the discovery phase of compliance assessments.
In late 2017, Peak secured £2.5m in Series A funding to fuel its advancements in AI and machine learning technologies.
This investment marks a significant milestone, enabling Peak to enhance its platform further and support businesses globally.
Strategic investment in compliance technology reflects a forward-thinking approach to handling data protection challenges.
The evolution of AI-driven compliance solutions offers a promising future for businesses looking to maintain regulatory standards.
Peak’s GDPR solution illustrates how technology can bridge the gap between compliance requirements and business operations.
With these advancements, companies can effectively safeguard their data while remaining agile in their operational strategies.
Peak’s AI-powered solution represents a significant advancement in GDPR compliance management for businesses worldwide.
By leveraging artificial intelligence, companies can ensure their data protection measures are robust and continuously up to date, mitigating risks and enhancing efficiency.
