Oasis Labs, a company specializing in privacy technology, has recently announced a significant partnership with Google Cloud. The goal of this collaboration is to integrate Oasis’ innovative product, Oasis PrivateSQL, a platform for privacy-preserving data analytics, into the Google Cloud Marketplace.
Oasis PrivateSQL distinguishes itself through its use of differential privacy technology, which is essential for the responsible utilization of sensitive data in artificial intelligence and analytics. This technology enables organizations to maximize the potential of their data, gain valuable insights, and make informed decisions, all while protecting the privacy of individuals.
According to Prof. Dawn Song, the founder of Oasis Labs, the company’s mission is to empower organizations to unlock the potential of their data without compromising individual privacy. Differential privacy works by injecting noise into the results of statistical queries, offering mathematical assurances that data analysis will not disclose sensitive information about individuals.
The PrivateSQL product automatically adjusts privacy-preserving statistical queries when used with various SQL databases. It maintains data usability while safeguarding individual data, allowing analysts to continue working without the need for significant modifications.
Another notable feature of PrivateSQL is its easy implementation, which allows data to remain in existing cloud database systems without altering the data schemas. This enables organizations to securely collaborate internally and externally, opening up new opportunities for insights and revenue while complying with privacy regulations.
Dr. John Vozenilek, the Vice President of Innovation and Digital Health at OSF HealthCare, highlights the healthcare benefits of this partnership. By working closely with Oasis Labs, OSF Innovation has been able to pioneer new approaches to data privacy in the healthcare sector. Differential privacy technology forms the foundation of their joint efforts to responsibly utilize patient data and improve patient outcomes.
At the time of writing, the price of ROSE, the native cryptocurrency of Oasis Labs, was quoted at US$0.09663, representing a 4% increase in the last 24 hours.
Disclaimer: The views and opinions expressed in this article, including those of the author and any individuals mentioned, are solely for informational purposes and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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