Making compliant data sharing the norm

The value of data is time-sensitive. That is, the longer data-driven business insight takes to reach someone who can use it, the less valuable it is. Trusted data sharing can be severely hampered by issues that “slow down” data, such as lack of interoperability, incompatible data collection and querying protocols, and low-speed ETL processes. This element of data sharing is often overlooked as, technically, the data is still shared. But the hidden cost is how much value has been lost in transit.

Energy utilities can benefit immensely from data sharing by using it to improve service delivery, identify the most efficient locations for infrastructure, and reduce costs through predictive maintenance. As we explored in this white paper, data platforms empower utilities, equipment manufacturers, and local governments to share critical system data that benefits all while also remaining compliant with data protection laws such as the GDPR and CCPA. 

Data is a major target for hackers across the world, especially high-value data such as the personal health information (PHI) used in the medical field. Since poor access controls are one of the primary attack vectors for hackers, data platforms can improve security and reduce risk by hardening access points.