Scouting for Growth Alon Kaufman: Unlocking the Future of Privacy Preserving Data Collaboration
On this episode of the Scouting For Growth podcast, Sabine VdL talks to Alon Kaufman, CEO and Co-Founder of Duality Technologies, a company that is revolutionising the way organisations collaborate on data while preserving privacy and security.
During today’s conversation, we’ll explore the vision behind Duality Technologies, the real-world problems it is solving, and how organisations can future-proof themselves against risks by adopting privacy-preserving technologies. We’ll also dive into Alon’s inspiring journey as a technology leader and his perspective on the ethical and strategic aspects of data collaboration in the age of AI and Big Data.
KEY TAKEAWAYS
- Combining and enhancing data sets is becoming more and more challenging in a world where privacy, security, regulations and data protection are becoming more critical. This is a good thing. What inspires us at Duality is to find a way to allow organisations to unlock the challenges around working together on data in a way that both protects the data and allows you to get the utility out of it.
- At the source of Duality is: How can we work on data sets without leaking or sharing the data. That’s where homomorphic encryption comes in. This allows us to work on and analyse data while it remains protected or encrypted.
- Two companies each have a list of customers and they both want to understand how many customers they have in intersection. The way you did this before is for company A to disclose it’s list of customers to company B which does the analysis and fins the intersection or go to a trusted third party. With duality, the two companies can use our software platform to run a computation that comes up with the intersection without either company seeing each other’s data.
- We all want our governments and law enforcement to be able to do their work, but we don’t want them to pull in every data point that we leave outside. Duality allows law enforcement investigations to run queries and analytics only on data that is allowed and only giving the insights that are needed. Government and healthcare – where data sets are large an sensitive – are big places where Duality has been successful.
BEST MOMENTS
‘In order to get the most value out of data, the more you can bring data sets together and enhance them the better off you are.’
‘Duality’s mission is to run AI data science analytics on data sets that cannot simply be centralised, and doing it where ethe data is while making sure the data isn’t exposed, privacy isn’t leaked or challenges of data localisation and regulation are not violated.’
‘Companies that already know to work on their own data, and control it, can now go to the next step and do it in a collaborative way.’
‘Insurance companies need to work together around fraud because the fraudsters utilise the fact different companies don’t talk and will attack one and then the other because they know the level of data shared between them is limited.’
ABOUT THE GUEST
Alon Kaufman is the CEO and Co-Founder of Duality Technologies, a pioneering company at the forefront of data encryption and privacy technologies. With over 20 years of experience in technology leadership, Alon has a rich background that spans across Big Data, Data Science, Machine Learning, and Cybersecurity.
As a thought leader, Alon frequently speaks on topics related to Big Data, Cybersecurity, and Innovation. He is committed to advancing the conversation around data privacy and security.
ABOUT THE HOST
Sabine is a corporate strategist turned entrepreneur. She is the CEO and Managing Partner of Alchemy Crew a venture lab that accelerates the curation, validation, & commercialization of new tech business models. Sabine is renowned within the insurance sector for building some of the most renowned tech startup accelerators around the world working with over 30 corporate insurers, accelerated over 100 startup ventures. Sabine is the co-editor of the bestseller The INSURTECH Book, a top 50 Women in Tech, a FinTech and InsurTech Influencer, an investor & multi-award winner.