Dr Adi Hod CEO founder of Velotix.

In today’s dynamic landscape, having an effective Data Security Platform (DSP) and ensuring full compliance with regulations is imperative. But how do you balance these constantly evolving requirements with the need for real-time data accessibility?

Velotix is a US-based high-tech company with the mission of governing and securing sensitive data while ensuring its safe and efficient use by data consumers. “We provide an AI-powered platform with sophisticated permission control that safeguards sensitive customer data, ensuring it is both protected and compliant with all necessary regulations and jurisdictions. At the same time, it remains effortlessly accessible to authorised users, allowing them to harvest and utilise data efficiently and effectively,” says Dr Adi Hod, CEO founder of Velotix.

Velotix provides a comprehensive solution across various stages of the data security lifecycle, including discovery and auto-tagging, Data Protection Policy (DPP) creation and updates, as well as monitoring and auditing a variety of data access and usage processes. “Our proactive approach detects organisational trends, identifies policy violations, monitors policy drift, and alerts users to anomalies,” Hod adds. “Velotix reduces the friction between data, people, and processes.”

Velotix embraces Generative AI methods by enhancing their Data Security Platform (DSP) to become a conversational platform. Users and managers can interact with Velotix as their ‘giant brain’—a system they can ‘talk’ to. Velotix has access to all relevant data, knowledge, and experience within the organisation, allowing for seamless and intuitive interactions that drive more informed and effective decision-making.

Says Hod: “Ever since computers were invented, they have functioned as machines executing the exact instructions given to them by programmers. But something incredible has been happening—computers are beginning to learn, think, and communicate. Nowadays, computers can perform tasks that were once only possible for humans. When it comes to data, Velotix is becoming ‘your data intelligence as a service’.”

Veena Vallabh CEO of Virtual Harbour.

Data represents our world, capturing essential values. Harvesting this value is crucial, yet balancing the need to extract it while complying with necessary privacy and security restrictions presents a significant challenge. Recently, Velotix adopted advanced Generative AI methods to scan regulatory requirements and transform them into digital restrictions that computers can apply to data as needed.

“Balancing the privacy of sensitive data with the need to access it efficiently can be difficult. Often, an environment ends up being too restrictive or too permissive. The granularity of our platform allows you to keep your sensitive data safe, while still being able to swiftly access whatever you need to analyse and grow your business,” Hod emphasises. “In the last three years, 90% of financial institutions in South Africa have had some level of data breach, either external or internal. There’s a big gap between having an existing protective framework, and having it correctly operational,” says Veena Vallabh, CEO of Virtual Harbour. “In South Africa, we have a mature regulatory environment, which is driving demand for a formal solution.”

She adds that Velotix is the first solution provider to put down South African roots, and that her team is seeing a huge demand for these innovative solutions. “I’m excited to see what we can do for our customers. Velotix is not only about data usability, privacy and security, it’s about reshaping the boundaries of data governance and computer capabilities,” she concludes.

For more information contact veena@virtualharbour.co.za