Data economy is expected to grow over US$1T in value by 2025. However, data sharing is a nightmare for financial institutions as 120+ countries have passed data protection regulations that have fined businesses US$3B to date and counting.
BetterData has built the world’s first confidential synthetic data platform to automate 70% of the manual work involved in sharing data, leveraging the latest research in deep generative models, privacy-preserving techniques and blockchain. As data is artificially created, it does not belong to real users and can be shared globally with 100% compliance.
Their technology can generate synthetic tabular and image data that looks, feels and behaves just like real data. Their product can be used via APIs or a web application, and can be deployed on-premise. Currently, they are piloting with Fortune 200, Tier 1 Firms and Government Bodies.