Data collaboration company IXUP (ASX: IXU) has achieved key contractual milestones in the deployment of its latest release IXUP platform to independent actuarial and analytical consulting firm Finity, thereby enabling transition to production.
Finity intends to use IXUP’s technology platform to enhance its leading data collaboration capability and service.
IXUP Executive Chairman Tim Ebbeck said: “We are pleased to deliver the production release of the latest IXUP Platform to our partner, Finity. We have worked in close collaboration with the Finity team over recent months and this milestone reinforces the commitment we have to supporting our partners achieve their business objectives.
Data is now the most valuable commodity on the planet and the value of data is clearly enhanced through collaboration. However, sharing data with others involves risk. Organisations understandably don’t want to lose control of their data and handing critical personalised data over to a third party is very high risk. The IXUP platform mitigates that risk. Its unique, patented, technology means that organisations retain control over their data, allowing the extraction of actionable insights safely and securely.”
Finity Director Aaron Cutter said: “Our clients are quickly moving towards a greater use of collaborations to integrate data into their pricing, marketing and business decisions. Finity has led development and integration of machine learning across many leading Australian businesses and incorporating IXUP allows us to drive value creation from data like never before. Finity continues to expand its analytics, service and data offerings across industry verticals and the IXUP platform allows us and future data collaborators to integrate data in a secure, scalable manner as we broaden our reach.”