Business Service Markets - ACT
We have developed a new technology that can read every word in every document, email, or database for example in a whole network, and automatically apply rules from laws and policies. For the first time, we can show you where all of your information is, and who is doing what to it. We can flag high-risk and high-value information, and show you when you are in breach of security, privacy, or recordkeeping rules. Our customers have had no way to really understand their information holdings before now. Regulated organisations, of which there are over 200M in the world, have dozens or hundreds of different systems, used by hundreds or thousands of staff to capture millions of pieces of information, and it changes minute to minute. But they all have to comply with laws and policies, related to how long they keep information, who can see it, and how it is stored. The struggle to get compliant control over all the data is costing organisations around $438B a year globally, and they are still being fined $487B a year, so we know that traditional approaches are not effective. We knew we had to design our solution to cover all data in all systems (not just Word documents and emails), because there is risk and value in all sorts of data. We also knew it had to be completely invisible to users - they have jobs to do, and cannot be disrupted for the sake of compliance. And it had to have no IT systems impact from customisations or connectors. We have achieved this, and our government clients are seeing up to 98.5% savings in effort costs for their compliance processes, with better accuracy, more coverage, and no disruption to their staff or systems. They have also seen better business outcomes, beyond compliance.