Blog

Today’s blog post comes from Statice’s newest hire, Peter. Peter joined Statice with a diverse background in several B2C businesses, and wanted to share some of his insights on getting up to speed in the very specific niches of digital transformation, privacy-preserving data science and machine learning.

We recently hosted our first webinar on data privacy and digital transformation, and wanted to share the slides and some great audience questions on Statice vs federated learning, brute forcing anonymization methods, and maintaining outliers in synthetic data.

We'll be hosting our first webinar on the 14th of April, discussing privacy and it's relevance in the age of data and digital transformation. Read on for more details on the topic and for sign up!

It’s a crazy time to be working on an early stage company, what with Covid-19 and the resulting economic impact causing global upheaval. At Statice, we’re lucky to have been remote-friendly for some time, so it has not been a big change for us to go full remote. It has, however, definitely been interesting to see how some of our partners and clients have had to make big changes to make this brave new world keep on turning. So far the team is happy and healthy, and we’re keeping our heads down, doing our best to build technology solutions to enable privacy-preserving data science. 

Statice offers a data anonymization software that enables companies to easily use sensitive data while meeting the legal requirements of modern data privacy regulations. The Statice software generates synthetic data that allows companies to perform meaningful data analysis without ever touching the original data. We enable businesses to work with sensitive data while protecting the privacy of their users and customers.

Statice and Panter are entering a partnership to enable privacy-preserving data innovation within the Swiss corporate ecosystem.

Statice won the audience prize in the 2019 President’s Startup Challenge for innovating and transforming the life science R&D. The Pistoia Alliance is a global non-profit community of life science stakeholders that works to lower barriers to R&D innovation. The President’s Startup Challenge is an annual event committed to supporting informatics and technology focused startups aiming to impact the way life science R&D is performed. 

Many companies are still applying pseudonymization for data protection, thinking that they are protecting their customers’ data and perhaps even that they are being legally safe. Modern anonymization, contrary to pseudonymization, ensures that the data can never be retrieved by any means.

Statice is supporting the privacy efforts of Swiss corporates through the Kickstart program 2019. Follow us on Twitter @StaticePrivacy for more updates.

More fines are likely to be issued as data protection offices are beginning to flex the powers bestowed upon them under the GDPR. These events should serve as a reminder to companies dealing with sensitive data that data security is non-trivial, and that management of data security risks should be a clear organizational priority.

At Statice, we build software to safely anonymize sensitive personal information, which means that companies can protect individual privacy without giving up the potential for innovation and value creation around data. We believe that the ethical and moral responsibility to define concepts such as “good” and “bad” should always lie on humans and not the machines.

Companies are now forced to introduce new methods of data processing. Any solutions must have privacy by design — and it’s not always easy to know where to start. Statice has prepared answers to some common misconceptions and questions your company might have about data privacy, data anonymization, synthetic data, and more.

By creating synthetic data, Statice is enabling M-sense to freely share their data for research purposes — while fully preserving the privacy of the individuals involved. Statice and M-sense are together proving that hypersensitive data can be anonymized without any significant loss of quality or statistical significance.

Statice started in the health sector. They helped several health apps to analyze their data and pass it on to research. “The companies have a better product and doctors can now evaluate thousands of patient data they wouldn’t otherwise have.” A win-win situation.

We strongly believe that data driven collaboration both within and between organizations is a key driver of development, innovation and revenue. We’re already moving, with several key hires in the pipeline, and some very exciting projects coming shortly with leading healthcare, finance and automotive companies both from within Germany and internationally.

We empower companies to open up their new synthetic data in a GDPR-compliant manner for product development, training new machine learning algorithms, and unlocking industry-wide insights — internally, or collaboratively with partners.

Statice is a software that allows you or your partners to handle data more freely and efficiently. You can easily share and collaborate over sensitive and private customer data without ever exposing it. We do this by generating synthetic data from your original data.