According to the 1Q23 Morgan Stanley CIO Survey, we expect 43% of the organization’s data to reside centrally in the cloud by the end of 2024. This represents a massive shift and more than double the current estimated level of 19%. Generative AI is expected to accelerate this trend further.
With more data comes more responsibility, not just morally but also legally. Regulatory policies like GDPR, HIPAA, PCI, NIST, DORA, and numerous other compliance/auditing requirements
drive the need for Data Governance, a set of rules and procedures that govern the ownership and accessibility of data. A lack of proper Data Governance can not only result in lawsuits, regulatory and other fines, increased cyber insurance rates, business, and reputational damage, but even jail time. In other words, Data Governance is a critical must-have for any business dealing with data.
Theom is an AI-driven, data-centric data governance and security platform to ensure that ONLY the right people have access to the right data at the right time, minimizing the risks of data breaches and ensuring compliance with data protection and security regulations. Theom is uniquely embedded in data lakes and warehouses, reflecting the reality that there is no perfect perimeter protection. This also allows Theom to see every individual data access and query in the clear vs. encrypted for non-embedded approaches allowing for better security and breach protection. All data is kept in place – no data or metadata transfer (and no egress costs). Lastly, Theom does not bottleneck around a proxy, avoiding performance degradation, and governs clean rooms for data exchanges.