Orange Silicon Valley is launching the “Hello Wednesday by Orange Silicon Valley” your new monthly rendez-vous on Technology and Innovation. The 2021 series will decode how technology is shaping a brighter future for a responsible digital world with a first event looking at the new rules of data and privacy.
Privacy regulations face major challenges as artificial intelligence (AI) and machine learning (ML) adoption accelerates. The cost of running data lakes on-prem incentivizes cloud usage, but there is a new obstacle to overcome when deciding how to utilize customer-generated data without compromising privacy. For traditional enterprises, this dilemma can be a regulatory and legal roadblock where any project associated with data needs to be evaluated by legal and risk teams. The process to get an approval can take weeks or more than a month, reducing the productivity of teams. As a response to this challenge, the industry created a new model called privacy tech.
Privacy tech is a compound of technologies that extend across data lakes and data warehousing on-prem with a public cloud. The model orchestrates the movement of data between on-prem to the cloud, supporting and validating all the legal and risk requirements to support companies’ own privacy rules. Data record tracking using metadata becomes the possible solution to address this problem. Centralize metadata repositories maintain records associated with locations, status, stage and type of different data assets in public and private clouds. The metadata becomes an important part for achieving privacy. Traceability and transparency could help legal teams to respond to any request for regulators and improve productivity for their data teams.
Privacy tech is becoming a main focus for IT and at the C-level. Geographic Scope And Forecast predicts it will have a $100 billion market cap by 2027. The VC community has already committed more than $8 billion in investments with an aggregated evaluation of $35 billion, according to Pitchbook. Privacy tech could represent the maturity and consolidation for the operational data analysis in the enterprise without breaking the relationship with the customer or an emerging opportunity for new tech.
8:30 AM – Welcome by OSV’s moderator Brian Warmoth
8:35 AM – Presentation on Privacy Tech trends and numbers by Xavier Quintuña
9:00 AM – Panel Discussion with guest speakers Matthew Carroll, Mars Lan and Shrihanka Das
9:45 AM – 10 minutes Q&A
We look forward to seeing you on March 3rd,
The Orange Silicon Valley Team
If you have any questions regarding this event please contact us directly at firstname.lastname@example.org
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