Anonos Variant Twin technology solves nearly 100% of XYZ’s Schrems II data transfer issues while expanding business opportunities
XYZ’s Group Data Protection Officer says Anonos software “does what it says on the tin.”
Challenge
XYZ, a major automobile supply chain OEM, was required by one of their largest suppliers to implement an international data transfer solution in compliance with Schrems II and other EU data protection requirements. Without this, the company could no longer be part of the supplier’s data supply chain. XYZ could no longer rely on existing non-compliant technology or use cloud solutions without effective supplementary technical controls.
Solution
Anonos’ Data Embassy platform digitizes policies and embeds the required protection into the data, resulting in data that is protected “when in use”, wherever it travels. The Data Embassy technology immediately provides compliance with Schrems II and GDPR requirements, allowing XYZ and their suppliers’ data to flow freely between the parties.
Benefits
XYZ, a major automobile supply chain OEM, was required by one of their largest suppliers to implement an international data transfer solution in compliance with Schrems II and other EU data protection requirements. Without this, the company could no longer be part of the supplier’s data supply chain. XYZ could no longer rely on existing non-compliant technology or use cloud solutions without effective supplementary technical controls.
ABC Bank solved over 80% of their desired data sharing use cases by using Anonos Variant Twin technology and plans to double their use cases over the next 12 months.
With Anonos technology, we can maximize the information and benefit out of our data with full compliance with all regulations, especially GDPR. Head of IT Digitalization Data Management at ABC Bank
Challenge
ABC Bank - a large European bank - collects a large amount of personal data from its customers throughout the normal course of business. It wanted to develop new account models for retail and corporate customers to create new revenue streams. However, it did not have the data protection tools in place to establish a lawful basis to repurpose the collected data for advanced analytics to support the development of the new models.
Solution
Anonos’ Data Embassy solution applies its Variant Twin technology to establish the controls and protections that enable ABC Bank to lawfully transform its valuable data into protected, non-identifying data for secondary uses. This allows the lawful creation of new business models and advanced analytics, which in turn enables new business opportunities.
Benefits
ABC Bank can now deliver the highest level of innovation to its customers and protect their fundamental right to privacy without compromise. It’s a win-win for ABC Bank and their customers. Proactively developing new account models with their larger clients is driving up-sell and retention models - both are two strategic KPIs for the bank.
Anonos technology enables XYZ Pharmaceutical to unlock 100’s of new data use cases globally, that otherwise would not have been possible.
XYZ Pharmaceutical’s Head of Data Ecosystems stated that the Anonos team and Variant Twin technology deliver exactly what they said it would achieve.
Challenge
XYZ Pharmaceutical has a 9-digit dollar data asset, the value of which was locked up. Anonos’ technology enables them to realize the value of this asset plus increase its value 3x with a goal of speeding up innovation and improving accuracy. Before Anonos, they came up against three critical challenges:
- It would take 4+ months to get each data project approved due to the internal red tape involved with working with personal health data.
- They were using synthetic data and old, traditional de-identification methods, which were delivering no greater than a 70% accuracy relative to processing clear text.
- Historically, they haven't been able to make this data asset accessible to 3rd parties. With the right controls they can now bring 3rd party AI & ML partners into their data to speed up innovation
Solution
Anonos’ Data Embassy technology embeds privacy policies directly into the data. This means that the data does not need to go to an outside source for a lengthy expert-determination analysis for a one-time use. With Anonos Data Embassy technology as part of the XYZ Pharmaceutical data ecosystem, the data is lawful and borderless from the start, is available for numerous analytics applications, and compliance with strict industry GxP requirements.
Benefits
With Anonos, XYZ Pharmaceutical has achieved the trifecta of speed, accuracy and control. Anonos enables XYZ Pharmaceutical to speed up data project approvals from 4+ months to 4 days (estimated savings of $2m per year in people costs and external costs with the prospect of tens of millions of value in data asset expansion). The data delivers 100% accuracy relative to processing cleartext (up from 70%) and XYZ Pharmaceutical has effective technical controls in their data ecosystem that enforce privacy policies - enabling them to share this data both inside and outside of the organization. Anonos technology accelerates innovation, product development and clinical trial partnerships.
Anonos technology enables the launch of ABC data services that would not otherwise be possible due to regulatory and internal risk and compliance concerns.
ABC’s Chief Data Architect says Anonos technology enables us to commercially exploit data assets to move beyond powering their internal data ecosystem, to creating a new global data economic model.
Challenge
ABC’s privacy legal team could not find technology that enables portability, protection, and analytical value, resulting in the pursuit of only a limited number of commercial projects due to the high risk. They need the ability to unlock restricted and sensitive data that is the most valuable for analytics, combining and data sharing globally.
Solution
Anonos Data Embassy technology embeds ABC’s privacy policies into the data, dramatically increasing the number of lawful commercial opportunities and reconciling portability, protection and analysis.
Benefits
ABC can now expand beyond current advertising revenues to capture new revenues from global data sharing and data monetization opportunities. As one of the largest data processors in the world, ABC processes exabytes of data. The ability of Anonos to protect data volumes of this scale opens up new global opportunities not available using traditional data protection techniques.