In today’s data-driven world, data is the new gold. Companies that can harness the power of data are the ones that will succeed. However, with great power comes great responsibility. The use of personal data has become a sensitive issue, and companies need to ensure they are using it ethically and responsibly. This is where Apheris comes in. Apheris is a Berlin-based startup that provides a platform for federated and privacy-preserving data science.
Apheris was founded by Robin Rohm and Michael Höh with a shared dream to empower companies to run analytics on decentralized datasets. Michael developed software infrastructure for distributed data during his PhD at Forschungszentrum Julich and his time at BCG. Robin has a background in algebraic theories for data linkage and data privacy and has experienced the complexity of centralizing sensitive personal healthcare data firsthand in one of his previous start-ups.
The Problem: Data Silos and Closed Ecosystems
Apheris was born out of the founders’ frustration with the current state of data-driven industries. They found that data was often stored in silos, and most companies worked in closed data ecosystems. This created barriers that limited progress within the industry. Companies were not able to leverage the full potential of their data, and they were not able to collaborate with other companies to create more insights.
The Solution: Federated and Privacy-Preserving Data Science
Apheris aims to connect the world’s data to extract better insights. They do this by providing a platform for federated and privacy-preserving data science. Federated data science is the practice of analyzing decentralized data without moving it to a central location. This approach allows companies to share their data with others without compromising their privacy. Apheris uses cutting-edge privacy-preserving technologies such as differential privacy and secure multi-party computation to ensure that the data is kept safe and secure.
The Benefits: Collaboration and Better Insights
By using Apheris’ platform, companies can collaborate with others to create more insights. This is especially useful in industries where companies work with similar datasets but cannot share them due to privacy concerns. For example, in the healthcare industry, different hospitals may have similar patient data, but they cannot share it due to privacy concerns. With Apheris’ platform, hospitals can collaborate to create more insights without compromising patient privacy.
Moreover, Apheris’ platform can provide companies with better insights than they would get from analyzing their own data alone. By analyzing data from multiple sources, companies can gain a more comprehensive understanding of their market and customers. This can lead to more informed business decisions and a competitive advantage in the market.
Startup Showcase: Apheris – Empowering Companies with Privacy-Preserving Data Science
In conclusion, Apheris is a Berlin-based startup that provides a platform for federated and privacy-preserving data science. Their platform allows companies to collaborate with others to create more insights without compromising privacy. Moreover, Apheris’ platform can provide companies with better insights than they would get from analyzing their own data alone. Apheris is an innovative company that is tackling some of the biggest challenges in data-driven industries. We can’t wait to see what they will achieve in the future.
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