Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into big data solutions. This time, you get to discover 5 hand-picked startups developing personal data management solutions.
Global Startup Heat Map: 5 Top Personal Data Management Startups
The 5 personal data management 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 personal data management 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 217 companies we analyzed for this specific topic.
Just Me Technologies offers a Personal Information Management System
Current personal data collection and aggregation practices often leave individuals without a say in how their data is used. International privacy regulations, such as the General Data Protection Regulation (GDPR) in Europe, aim to mitigate private data collection. In response, startups develop data management platforms that give internet users control over their data.
French startup Just Me Technologies offers a personal information management system (PIMS) to businesses and individuals. The platform helps companies manage user data requests as well as provides data quality and portability management. Additionally, the startup helps individuals connect their accounts from different websites and manage their personal data within a single platform.
Roamina works on Personal Data Analytics
Companies employ advanced analytics solutions to extract insights from their data and enhance business strategies to maximize profits. On the contrary, individuals usually lack the tools or finances to employ data analytics to extract insights from their personal data. To this avail, startups provide internet users with data analytics solutions that aggregate, refine, manage, and analyze personal data.
US-based startup Roamina provides a personal data analytics solution for individuals. The startup uses artificial intelligence to store, organize, and analyze data to optimize people’s time and expenses. Additionally, the startup is building consumer-side analytics services for businesses, connecting them to consensual data on individuals’ interests and media consumption patterns. This helps businesses curb excessive data collection practices, thereby providing them with compliant customer data.
Tykn provides Customer-side Personal Data Storage
A database breach or failure that discloses private data collection leads to non-compliance, resulting in fines and a negative public image. In order to mitigate these risks, companies develop personal data solutions that store sensitive information on the customers’ side. Such solutions allow businesses to use personal data without actually storing it, hence avoiding non-compliance risks.
Dutch startup Tykn provides customer-side sensitive data storage solutions to businesses, governments, and NGOs. The startup’s Ana platform uses the self-sovereign identity technology to issue verifiable digital credentials and create encrypted channels for the exchange of these credentials. The platform removes the risk of storing sensitive data from companies and gives people control over their personal data.
MiDATA facilitates Personal Data Monetization
Excessive personal data collection for marketing purposes violates the privacy of internet users, as well as presents an incomplete picture to marketers. This creates an opportunity to both compensate users for the consensual provision of their information and ensure that marketers receive an accurate and complete view of their audience. Such solutions allow users to monetize their data and receive more targeted and relevant advertisements.
Canadian startup MiDATA develops a personal data monetization platform that compensates users for their consent to personal data usage. It uses IBM’s Watson AI to identify and organize personal data. Moreover, it requests a copy of the personal data from different storages, as well as requests data deletion from unwanted web resources. Additionally, MiDATA provides businesses with access to consensual data to improve marketing mechanisms and reduce non-compliance risks.
One.Thing.Less handles Consent Management
The availability of personal data allows companies to collect, process, share, and purchase the data, as well as monitor behavior and track the location of service users. Monitoring what data is available to marketers and for what purposes it is used is time-consuming for individuals. To this avail, startups develop consent tracking and management solutions that allow users to control how their personal data is used.
Swiss startup One.Thing.Less provides a consent management platform for individuals. The platform allows users to ask companies about the collection and utilization of their data, request a copy or deletion of the data, object to using it for behavior monitoring and profiling, as well as deny consent to sharing it with third parties. Thereby, the startup helps people enforce their right to privacy and restore digital trust.
Discover more Personal Data Management startups
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