Io-Tahoe prepares for GDPR with smart data discovery platform

Io-Tahoe, a provider of in machine learning-driven smart data discovery products, has announced the General Availability (GA) launch of its smart data discovery platform.

The new version includes the addition of Data Catalog, which allows data owners and data stewards to utilise a machine learning-based smart catalog to create, maintain and search business rules; define policies and provide governance workflow functionality.

Increasing governance and compliance demands have created an opportunity for data discovery. Io-Tahoe’s smart data discovery platform features an algorithmic approach to auto-discover rich information about data and data relationships. Its machine learning technology looks beyond metadata, at the data itself for greater insight and visibility into complex data sets, across the enterprise.

“Io-Tahoe is unique as it allows the organization to conduct data discovery across heterogeneous enterprise landscapes, ranging from databases, data warehouses and data lakes, bringing disparate data worlds together into a common view which will lead to a universal metadata store,” said Oksana Sokolovsky, CEO, Io-Tahoe. “This enables organisations to have full insight into their data, in order to better achieve their business goals, drive data analytics, enhance data governance and meet regulatory demands required in advance of regulations such as GDPR.”

Headquartered in New York, Io-Tahoe claims to help enterprises trace data elements across their systems in spite of outdated metadata definitions.

Utilizing machine learning algorithms, the business claims to dramatically increase the accuracy, intelligence and speed of learning of complex data elements and data relationships throughout the entire business environment. The product is particularly valuable to businesses with large numbers of customers and diverse data sets, such as those in the financial services, utilities, retail, transportation, insurance, healthcare and manufacturing industries.

Earlier this month, an IBM study found that organisations are not ready for GDPR and responding to a cybersecurity incident is still a major challenge for businesses.
The General Data Protection Regulation (GDPR), which takes effect in May 2018, will mandate that organisations have an incident response plan in place.

Copyright © 2018 RegTech Analyst

Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst

Investors

The following investor(s) were tagged in this article.