Algemetric attended the Privacy-Enhancing Technology Summit North America 2023. Our CTO David Silva presented on how Algemetric is actually democratizing computation on encrypted data – allowing anyone that already works with data to work on encrypted data without even thinking about it.
Among the most prevalent challenges expressed by big tech representatives included:
- A need for secrecy, data security and privacy.
- A fear of privacy regulations.
- Unexplored posession of large volumes of data.
- Lack of interest, know-how and conditions for data processing.
- Manual data mangement and workflows.
- Lack of collaboration.
- A need to extract value from sensitive data.
These challenges are all mitigated when working with Algemetric’s secure and privacy-preserving data management and business intelligence solutions: Prisma, Obscura and Spectra.
More about Privacy-Enhancing Technology Summit North America 2023
This conference is all about collaborating and sharing data through cutting-edge PETs, so your organisation can optimise the value of the data you hold while keeping it private and secure. We’ll be exploring how data is the ‘new currency’ and discussing the importance of trading it between organisations. With PETs like MPC, you can train machine learning models using sensitive data from different sources without revealing the content of the data to any other party during the process. This is just one example of how PETs are revolutionising the value of healthcare data.
Data is indispensable to managing some of world’s most urgent challenges – from combating scams and fraud, enabling drug discovery and helping to fight the pandemic, to reducing carbon emissions, and tackling cybersecurity. The value that can be unlocked through data collaboration initiatives has led to growing momentum on data sharing across the globe. However, unlocking that potential of highly sensitive data will only happen when an understanding of the full commercial benefits and governance frameworks is established, and when the public and private sectors work together.
