CIO’s need to think strategically about handling private data across enterprise infrastructures. Legacy systems are costly and ineffective at data privacy management in modern systems --Tony Scott of the Tony Scott Group.
NEW YORK (PRWEB) August 28, 2019
With an increasing global spotlight on how private data is stored and managed, new investments are being made to capitalize on the need for trust. The Tony Scott Group, formed by Tony Scott, former Federal Chief Information Officer, and former CIO at VMWare, Microsoft and the Walt Disney Company, chose Fuse Analytics to lead the way in providing solutions for companies to manage the way personal data is stored and managed. Data privacy is top of mind for business and consumers and now carries significant fine and penalties for misuse. European Union’s Global Data Protection Regulation (GDPR) is just the tip of the iceberg. With the California Consumer Protection Act (CCPA) following suit, the conversation around data privacy has moved from a board room conversation to a global movement with consumers demanding transparency and accountability. India, Singapore, and Japan have all enacted similar regulations, and more are expected to come as the topic becomes a global concern.
“CIO’s need to think strategically about handling private data across enterprise infrastructure. Legacy systems are costly and ineffective at data privacy management in modern systems”, says Tony Scott of the Tony Scott Group. “The Fuse platform provides a secure solution to address the increasing global risk around privacy.” As shifting regulations affect different datasets across different geographies, data management becomes exponentially complex. Having a strategy in place to manage personally identifiable information (PII) across your landscape, and apply the proper security, and retention period is critical to maintain compliance and trust.
About Tony Scott Group: The Tony Scott Group Offers World Class Solutions for Cybersecurity, Digital Transformation and IT Governance. Committed to solving the cybersecurity problems of the future, their investment thesis is based on funding and advising companies poised to be industry leaders, with strong, Intellectual Property and ability to scale.
About Fuse: Fuse Analytics provides a SAAS platform to track the personal data lifecycle from acquire-to-retire. Their current flagship product, FuseHR, solves an industry wide application and sensitive data retirement problem which arises when a company migrates software to the cloud. Since 2014, they have served clients in the industries of pharmaceutical & life sciences, global financial services, professional services organizations and higher education systems. With the new investment, they plan to expand their platform to remain the global leader in PII Lifecycle Management.