US-based data intelligence specialist Collibra in July built out its data platform with the launch of Collibra Privacy & Risk, a new enterprise-grade product designed to help organizations manage personal data assets and future-proof against further regulatory developments in today’s changing climate.
The new product expands the firm’s regulatory coverage, with modules covering the California Consumer Privacy Act (CCPA) and the EU General Data Protection Regulation (GDPR), and is intended to be robust enough to form the foundation for future regulatory developments as well.
“Consumers and customers see data privacy and security as a fundamental right, and global organizations must adapt to this with a culture shift toward an ethical and thoughtful approach to data,” says Jim Cushman, Chief Product Officer for Collibra. “With privacy regulations accelerating across the globe, Collibra is at the forefront of embracing data privacy not just as a compliance initiative, but serving as a strategic service that helps organizations liberate and democratize data for the purposes of exploring new analytics, developing new products, engaging and training AI and machine learning, and driving forward Data Intelligence.”
Collibra’s cloud-based platform includes its existing flagship products, Collibra Data Governance and the Collibra Data Catalog. According to the firm, the new Privacy & Risk addition is intended to empower a shift from a purely compliance-based approach to a more holistic trust-based method – earning the trust of individuals to protect and use their personal data in a way they can easily understand, access, and control.
“With the regulatory landscape continuing to evolve, Collibra understands the importance of a holistic platform approach built with privacy by design principles and that is easily extensible to support new regulations,” says the firm.
The new product allows the user to automate mapping of data to data categories, categorising sensitive data in order to use it for ongoing compliance as regulations evolve. It also offers the ability to track and manage third-party data exchanges to assess risk, document exposure to critical systems and mitigate impact.