Data platform company RegulAItion has partnered with the Open Data Institute (ODI) to collaborate on its breakthrough data access and collaboration platform, which aims to ‘enable automated, scalable, repeatable and responsible data access and collaboration for regulated industries’.
The AI-driven AIR platform is designed to address the data security and privacy concerns that affect regulated industries. The partnership will see the ODI lead on data ethics and market research, helping RegulAItion maximise the platform’s growth potential whilst also exploring the ethics of sharing and accessing data in this way.
RegulAItion says ‘Exponential value exists for organisations who can unlock, understand and extract knowledge from their own data and the secure data of others, including commercially sensitive data. This is one of the key reasons the ODI has joined forces with RegulAItion and its wider group of business collaborators.’
Stuart Coleman, Business Development Director at the ODI, said:
‘For decades, regulated sectors like banking and law have struggled to innovate because of data security concerns that have left them relying on legacy systems. The AIR Platform from RegulAItion offers the potential to innovate more easily with the reassurance of safer data access and preserved privacy.’
‘The Open Data Institute is delighted to be providing research and strategic advice to RegulAItion. We’re excited to be looking into the business appetite for their platform across SME and MNC (Multinational Corporations) markets, giving us an opportunity to further explore the ethics of accessing, using and sharing data in regulated industries.’
Sally Sfeir Tait, RegulAItion’s CEO, said:
‘Our vision is clear: Intelligence Unlocked. We are building a platform-as-a-service to knowledge-map the world’s regulated data. The AIR platform solves the fundamental and crippling issues of data access, privacy and collaboration for business. Solving a big hairy problem requires large scale collaboration and deep expertise. It is essential for us to work with an external third party who looks at the wider interests of the data ecosystem and acts as a critical friend. The Open Data Institute is our partner of choice.’