A post-Covid era will look significantly different from a time before it. Companies who have taken slow, unimpressive steps towards digital transformation have now – within less than a year – adopted an almost complete cloud environment.
Companies with large head offices have converted to a remote working environment with processes and policies reflecting the new climate.
With enormous amounts of data and equipment being held and operated off-site and the migration to cloud applications, how are companies keeping their data safe?
Enter privacy-enhancing computation.
What you need to know about privacy-enhancing computation?
Privacy-enhancing computation protects data in use while maintaining privacy or secrecy online common data-at-rest security measures. According to Gartner, by 2025, 50% of large organizations will implement privacy-enhancing computation to process data in untrusted environments and multiparty data analytics use cases.
With the maturing of privacy compliance and more widespread regulations, both small and large businesses will have to protect data in use.
According to Gartner, this type of security comes in three forms; the first which could involve providing a trusted environment in which data can be processed or analysed through third-party and hardware-trusted execution environments.
The second type of privacy-enhancing computation concerns decentralised processing and analytics through federated or privacy-aware machine learning.
The final form concerns computation that transforms data and algorithms before processing or analytics, including zero-knowledge proof, secure multiparty computation and homomorphic encryption.
Homomorphic encryption (HE) uses cryptographic techniques to enable third parties to process encrypted data and return an encrypted result to the data owner while providing no knowledge about the data or the outcome. In practice, this type of encryption is not fast enough for business implementations.
Measure, Manage and Protect with Smartz Solutions
Migrating to the cloud is critical in the widespread era of remote working and staying data-driven through this transition should be a focal point to adapt in real-time. With this, your need as a business to be compliant and protect your data is non-negotiable. At Smartz Solutions, we understand the power of data and the importance of protecting it, which is why each Smartz Solutions product has robust analytical capabilities. Explore the Smartz Suite here.
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In Gartner’s 2021 Technology Trend report they predict that over the next three years, businesses that prioritise a total experience strategy will outperform their competitors in the critical satisfaction metrics.
So what do you need to know about Total Experience? Read more here: https://smartz-solutions.com/what-you-need-to-know-about-total-experience/.
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By 2023, 40% of the population will be tracked digitally to influence behaviours. What is the Internet of Behaviour, and why does it matter? Read more here: https://smartz-solutions.com/what-is-the-internet-of-behaviours/.
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Smartz Solutions and iBridge Contact Solutions are committed to empowering customers to optimise their customer experience strategies and excel in a competitive landscape. Read more about the partnership here: https://smartz-solutions.com/partnership-announcement-smartz-solutions-south-africa-partners-with-ibridge-contact-solutions-to-empower-clients-to-map-their-cx-journeys-seamlessly.
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About Smartz Solutions
Smartz Solutions specializes in managing customer and employee experiences through our enabling technology. Our success is based on technological foresight and strong business knowledge, enabling us to develop integrated solutions that meet your business needs. Our power lies in turning insights into strategies and giving you the ability to make effective business decisions. Based on a wealth of knowledge covering multiple industries, we have developed a suite of products that include the entire customer engagement journey offering best-in-class, world-class applications in a single end-to-end CX and EX platform.