Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights. This time, you get to discover 5 hand-picked data sharing startups.
Global Startup Heat Map: 5 Top Data Sharing Startups
The 5 big data startups you will explore below are chosen based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. This analysis is based on the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally.
The Global Startup Heat Map below highlights the 5 data sharing startups & scaleups our Innovation Researchers curated for this report. Moreover, you get insights into regions that observe a high startup activity and the global geographic distribution of the 645 companies we analyzed for this specific topic.
Priviti – Permission Authorization
Sharing customer data without their consent may later lead to financial payouts and reputational losses for the violating companies. Therefore, startups develop consent authentication solutions that collect customers’ consent preferences and ensure companies’ compliance with consent regulations. Startups develop solutions to enable secure and compliant customer data sharing and consent management.
Singaporean startup Priviti offers a permission authorization platform that allows companies to record and store customer consent information to then securely share data. The platform utilizes strong customer authentication (SCA) for payment transactions and also ensures the safety of personal and proprietary data and ring-fences sensitive information. Additionally, Priviti audits companies’ compliance with general data compliance regulation (GDPR) and payment services directive (PSD2) to minimize financial risks and increase customer trust.
Vivli – Clinical Trial Data Sharing
Often, data gathered during clinical trials is not used for future research. However, reusing this data could accelerate drug discovery for diseases such as cancer and dementia. That is why startups and tech-driven nonprofit organizations develop platforms for researchers to find and share data for studies, advancing the development of treatments and cures.
US-based nonprofit organization Vivli offers a data-sharing and analytics platform for clinical researchers. The platform allows researchers to find clinical research data, as well as share their own findings. The nonprofit offers a solution for secondary analyses, hypothesis testing, and systematic reviews to stimulate treatment discoveries.
Piprate – Insurance Data Sharing
Inefficiency, as well as the lack of security and accuracy of handling insurance data, increases operational costs for insurance companies. Startups develop distributed ledger solutions that increase the security and transparency of data sharing operations. Knowing where the data comes from and how it changes strengthens the trust in data accuracy, further increasing business efficiency, and improving decision-making processes.
Irish startup Piprate enables blockchain-based data sharing and distribution solutions for insurers and insurance brokers. The distributed ledger technology ensures that all participants obtain the same view of data and records any changes, submissions, or sharing activities. The startup’s cloud-based application allows insurers to share important documentation such as exposure data during contract negotiations. Additionally, the app allows for origin validation and secures access to essential data.
iGrant.io – Compliance Monetization
The abundance of personal data unlocks opportunities for data monetization. However, it is essential for effective business operations to be sure that the data companies share with third parties or utilize for personalized services is compliant with regulations and has customers’ consent. Therefore, startups develop data exchange solutions that enable secure and transparent data sharing operations, especially for retail companies and social media platforms.
Indian startup iGrant.io develops a personal data exchange platform that helps businesses with consent mediation and regulation compliance for secure data monetization. The platform integrates with a company’s software via an application programming interface (API) and features several applications such as personal data wallets. Additionally, iGrant.io enables the deployment of user preference centers that allow consumers to manage their data personally through privacy portals. The startup allows for real-time collection and storage of customer consent preferences, ensuring regulatory compliance for companies to safely monetize customers’ data.
Tributech – Data Audit
Effective cooperation within company departments, as well as between companies, depends heavily on data trustworthiness. Compromised or manipulated data gathered from the Internet of Things (IoT) devices could skew business decisions and models, disrupting business operations. To solve such issues, startups develop auditing solutions that ensure the integrity of data collected from IoT sensors and devices.
Austrian startup Tributech offers IoT data auditing technologies for reliable data sharing workflow. The startup’s DataSpace Kit provides participant identity management, metadata verification, and data coordination within the ecosystem. The DataSpace Node facilitates data synchronization and verification between companies, connecting and managing data through API, and ensuring data origins and integrity. Additionally, the startup’s DataSpace Agent ensures the security of data sources such as IoT devices and gateways, as well as supervisory control and data acquisition (SCADA) systems and prospective payment systems (PPS). Tributech applies blockchain technology to ensure data traceability and trustworthiness for customers, suppliers, and partners.
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