What is synthetic data?

Synthetic data is data generated by an algorithm. It consists of entirely new data points that have the same structure and similar statistical properties as the original dataset. However, due to privacy protection mechanisms, it is no longer without further ado possible to draw conclusions about sensitive information in the original data set.

How can synthetic data be used?

Synthetic data can be used in the same way as real data, the only difference is that it no longer contains sensitive, personal information. For example, you can use synthetic data for ad-hoc analysis of data sets, product development or to unlock group-wide insights - internally or in collaboration with partners.

What kind of data can be anonymised with Statice?

Statice can be used to anonymise all personal and sensitive data. The information only has to be available in a structured form, e.g. as a table.

Is the anonymity of the synthetic data guaranteed?

Yes. Statice goes beyond traditional post-processing, which typically blacks out sensitive fields or generalises attributes. Our anonymisation method mitigates the risk of a potential re-identification by consistently removing all 1:1 relationships to the original data. With the help of our integrated privacy assessment, you can easily prove that your synthetic data is legally compliant with data anonymisation requirements as defined in the GDPR

Is it possible to reverse engineer the synthetic data generated with Statice?

No, unlike other anonymisation methods, the generation of synthetic data is irreversible: there is no key to revert from the synthetic data sets to the original ones. For more information about Statice, also visit www.Statice.ai.

Cloud & Digital

Statice

Name: Statice
Uploaded: 2023-07-04T12:00:00+00:00
Duration: 2 min 29 s
Description: Unlock the potential of your data. Encourage innovation.

Unlock the potential of your data. Encourage innovation.

Overcome the challenges of data protection – with Statice

With Statice, you can now safely anonymise your company data and generate privacy-compliant synthetic data that can be shared internally and externally. By complying with the strict requirements of the General Data Protection Regulation (GDPR) and through our privacy guarantee, you can use your data easily and efficiently, without security concerns.

Your data is too valuable not to be used

90%

of companies had to stop innovative projects due to data protection requirements. - Bitkom

4,2 Mio. $

was the global average total cost of a data breach in 2021. - IBM

65%

of the world’s population will have its personal data covered under modern privacy regulations by 2023. - Gartner

The benefits of Statice at a glance

Unlock access to data.

Create new, synthetic data from your real data, which you can distribute throughout the company and use for many application purposes and analyses across all areas.

Flexible integration in your data flow.

To make integration into your existing data infrastructure as easy as possible, the Statice solution comes with an easy-to-use web interface and a Software Development Kit.

Data never leaves your premise.

You always have full control over your data, as the Statice solution is available as an on-premise solution.

Built to scale.

You can effectively anonymise large amounts of data with several million entries and over 5,000 dimensions.

In the Spotlight

Synthetic data as a solution.

Full flexibility while protecting privacy

The software solution developed by Statice turns your real data into synthetic data. It consists of completely new data points, but has the same structure and highly similar statistical properties than the original data set. Thanks to the privacy protection mechanisms, it is no longer possible to draw conclusions about sensitive information in the original dataset. This makes synthetic data an asset that is easy to handle and can be used in a variety of ways in different areas of the business.

Guaranteed GDPR compliance

The Statice solution evaluates the data protection of the synthetic data created at any time. In a user-friendly dashboard, you can check whether, for example, the requirements of the General Data Protection Regulation (GDPR) for data anonymisation are met. In addition, you get access to statistical information about the synthetic data quality and privacy, ranging from simple checks to comprehensive analyses and simulated privacy attacks on the data. The results can easily be used to prove data security to many stakeholders, such as the Data Protection Authority.

Use Case: Encourage innovation

Analysing historical data helps you rethink processes and drive innovation. And by sharing data easily, you enable a new way of collaborating with internal experts and external partners without revealing any sensitive customer information.

Use Case: Learn from customer behaviour

Event- and transactional data helps you better understand your clients. By accessing and merging different data sources you can easily discover customer behaviour to meet new customer needs.

Use Case: Transform IT

Processing data in the cloud and using scalable resources opens up new potential for your company and saves costs. Benefit from the possibilities of the cloud without compliance concerns and without ever disclosing sensitive information.

Use Case: Reduce risks

By using synthetic data, you make a conscious decision to minimise risk and strengthen public trust in your organisation.

Pricing

Statice – SDK Solution

User-friendly privacy configuration & profiles
Fully customizable
Implementation assistance & support included

from € 3,990

per month

Statice – Platform Solution

Intuitive graphical user interface
Workspaces, team & access management
Database & data catalogues integration
Privacy risk assessment

from € 4,990

per month

Statice – Individual Solution

Combination of SDK & Platform solution possible
Use case design, software implementation, training & support inclusive
Data Protection Impact Assessment support

Your individual offer

FAQ

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