Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into big data startups. This time, you get to discover 5 hand-picked startups developing data ownership solutions.
Global Startup Heat Map: 5 Top Data Ownership Startups
The 5 data ownership 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 ownership 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 167 companies we analyzed for this specific topic.
EcoSteer develops a Data Ownership Platform
According to the principles of data ownership, data issuers have legal rights over their data assets. These regulations, documented in compliance acts such as the General Data Protection Regulation (GDPR), enable multiple applications that allow companies and individual data issuers to control their data sharing and trading activities. Startups develop data ownership platforms that give data owners visibility and control over their data assets.
Italian startup EcoSteer offers a data ownership platform for data decentralization, control, and monetization. The startup employs blockchain smart contracts that enable the decentralization and encryption of Internet of Things (IoT) data. EcoSteer’s platform deploys over any sensor and data broker. The solution enables decentralized data marketplaces for the smart city, energy, and mobility industries.
GoKnown builds a Data Marketplace
As more organizations generate data internally or scrape data, there is a shift in the industry with treating data as an asset. When organizations need to monetize data, impartial decentralized solutions allow them to do so without losing ownership of the data. Startups are building data marketplace solutions that use blockchain technology to ensure a secure environment for data transactions.
GoKnown is a US-based startup developing a decentralized distributed ledger network for data monetization. The startup’s proprietary KNOWN DL platform consists of a data store and the Living Contract data engine for measuring and scoring data. The platform supports both structured and unstructured datasets, providing an immutable data marketplace for companies in retail, automotive, telecom, and logistics.
Mine works on Digital Footprint Management
The digital footprints that internet users leave online allow companies to build individual portraits of personal information and preferences. It is complicated for individuals to track which websites store their personal data and what they do with it. To address this, startups offer digital footprint management solutions that allow internet users to take back ownership of personal data.
Israeli startup Mine offers a digital footprint management solution for individuals. The startup’s platform discovers users’ personal data, builds an understanding of the nature of the data collected, and allows the users to reclaim the data from the services they no longer use. Moreover, by providing data collection services, the startup helps businesses handle data subject rights (DSR) requests.
LeapXpert develops a Messaging Orchestration Platform
Many employees use personal communication channels for business communication. This leads to data loss when an employee leaves the company or when a business partner deletes personal communication history. The resulting data is potentially harmful in case of a legal dispute or a compliance check. To this avail, startups develop messaging solutions that integrate business communications in personal messaging platforms.
Hong Kong-based startup LeapXpert develops a business messaging platform that combines business-to-business (B2B) and business-to-customer (B2C) communication. The startup’s Federal Messaging Orchestration Platform (FMOP) consolidates business messaging from different messengers such as WhatsApp and Telegram into a single environment. It enables centralized control over customer communications, ensuring companies’ ownership over their business communications data.
Genomics Personalized Health provides Whole-Genome Sequencing (WGS) Data Storage
WGS technologies analyze the complete genome of an individual to help identify conditions such as hereditary diseases and potentially cancerous mutations. However, the data collected during the procedure rarely remains private, often being sold for further research. To protect patients’ ownership of their WGS data, startups develop storage solutions that allow individuals to control their genomic data.
The US-based startup Genomics Personalized Health provides WGS services enhanced with a cloud storage platform. The HIPAA-compliant storage allows individuals to own and control their data, storing it in the FASTQ format. The startup provides patients with a private health service while protecting the ownership of personal genomic data.
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