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TORONTO, May 26, 2023/PRNewswire/ — Private AIleading provider of data privacy software solutions, and Replica Analytics Ltd., an Aetion® company, the leading provider of synthetic data generation technology for the healthcare industry, is pleased to announce a new partnership. There is an urgent need for a solution to preserve privacy in healthcare and this strategic partnership aims to provide a comprehensive solution to the challenges of privacy and data security in healthcare.
Replica Synthesis 3.0, the leading Replica Analytics software, generates synthetic structured data, rather than real data, making healthcare data safe for use in medical research and other valuable insights. Industry-leading Private AI technology accurately detects and extracts personally identifiable information from structured, semi-structured and unstructured data, common in healthcare.
“By pairing Private AI’s unique technology with the Replica Analytics solution, we are now able to address the unstructured text challenge and offer a more comprehensive solution to our global customers,” explained Dr. Khaled El-Eamam, Senior Vice President and General Manager of Replica Analytics, which has been developing and deploying privacy-enhancing technologies for two decades. “Our companies have a deep commitment to privacy and using data for good. Working together, we will achieve richer data sets, which are essential for healthcare research and analytics, while at the same time protecting the privacy of defend.”
“We are very excited to partner with Replica Analytics and extend our leading data privacy solutions to healthcare through Replica Analytics, while exposing their structured synthetic data generation product to another vertical,” he said. Patricia Thain, CEO and Co-Founder of Private AI. “With Replica Analytics’ synthetic data generation solutions, we can help our clients create safe and secure data sets for tasks where maintaining accurate statistical distributions of personally identifiable information is critical.”
This partnership will enable healthcare organizations to gain valuable insights from their multimodal data, while ensuring HIPAA compliance and maintaining the highest levels of data privacy and security. The goal of both companies is to make health data available for research and development, and to preserve people’s right to privacy.
About Private AI
Founded in 2019 by privacy and machine learning experts from University Toronto, Private AI’s mission is to create a layer of privacy for software and improve compliance with current regulations such as GDPR. By identifying, reducing and eliminating privacy risks using AI, Private AI enables companies to unlock the value of the data they collect, whether structured or unstructured. Private AI is backed by M12, Microsoft’s venture fund, and BDC, and has been named one of the 2022 CB Insights AI 100, CIX Top 20, Regtech100, and more. More information at: https://www.private-ai.com/
Try PrivateGPT, the privacy layer for ChatGPT: chat.private-ai.com
About Replica Analytics, an Aetion® Company
Replica Analytics Ltd. is the leading provider of science-based synthetic data generation technology for the healthcare industry. The company is a pioneer in the development of unique technologies to generate synthetic data that protect privacy and maintain the statistical properties of Real World Data (RWD). The company was acquired in late 2021 by Aetion®, the leading provider of regulatory quality Real World Testing (RWE) technology. Replica Synthesis software provides a full suite of synthetic data generation and evaluation capabilities that can solve many major challenges facing the life sciences industry, and healthcare research in general. For more information visit: https://replica-analytics.com/.
About Aetion
Aetion Inc. is a healthcare testing company. which provides real-world evidence to manufacturers, purchasers and regulators of medical technologies and treatments. The Aetion Evidence Platform® analyzes real-world data to provide transparent, rapid and scientifically validated answers to safety, efficacy and value. Founded by professors from the Faculty of Medicine Harvard With decades of experience in epidemiology and health outcomes research, Aetion informs the most important decisions in healthcare – what works best, for whom and when – to guide product development, go-to-market and payment innovation . More information i essay.com and follow us @aetioninc.
Media contact: Replica Analytics: media@replica-analytics.com; Private AI: Patricia Graciano, patricia.graciano@private-ai.com
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