Preclusio is a company that provides startups with a machine learning solution to comply with privacy laws. The company's CEO, Heather Wade, elaborates on the machine learning solution, "We have a platform that is deployed on-prem in our customer’s environment, and helps them identify what data they’re collecting, how they’re using it, where it’s being stored and how it should be protected."
The system works by obtaining data in a read-only format, from there sensitive data can be found automatically using machine learning. After sensitive data is found, the company's privacy compliance team can examine the system and make necessary changes.
Privacy regulations continue to be enacted in different data-driven industries, as a result, startups will have to adjust. A notable example is the California Consumer Privacy Act being put into place.
Image Credit: Preclusio
What's Driving This Trend
- Privacy Compliance Solutions
- Startups can leverage machine learning solutions like Preclusio to comply with privacy laws and regulations.
- Automated Data Protection
- Machine learning can automate the identification and protection of sensitive data, saving time and resources for startups.
- Continued Privacy Regulations
- Privacy regulations will continue to be enacted, creating an ongoing demand for privacy compliance solutions in various industries.
Who This Affects Most
- Startups
- Startups can utilize privacy compliance solutions like Preclusio to stay compliant with privacy laws and avoid penalties.
- Data Security
- Machine learning-based automated data protection solutions can be implemented in industries where data privacy is crucial, such as healthcare and finance.
- Legal and Compliance
- The legal and compliance industry can offer services and solutions to help businesses navigate and adhere to evolving privacy regulations.
