Hut34 and MNC introduce innovative ‘Agile Data’ InsureTech

Increase Data Velocity, and make Secure Data Rooms easy for teams

Our mission here at Hut34 is to solve data problems — because data solves problems! We have been working closely with MNC recently, to understand the sorts of data problems they face day to day.

In this post, we are going to cover one of the most popular features — how using our ‘Data Hut’ technology increases the velocity of data on a project — and makes the creation and management of Secure Data Rooms very, very simple for teams.

Data Velocity as a concept is simply how quickly data moves between stakeholders in a project, and is analogous to the ‘velocity of money’ concept well known to create value, and therefore the better the outcomes.

In practical terms, there are many points of friction that decrease data velocity, and other hand-brakes that prevent organisations from increasing their data performance — we find often the root cause of many problems comes from people struggling to achieve more than two from the following triangle of success;

This is where we come in!

Hut34 Secure Data Rooms — or what we call ‘Huts’ — provide a rigorous technical implementation which satisfies the requirements of security and compliance, whilst also ensuring stakeholders can quickly access data they need either from an easy-to-use front end, for the non technical, or directly into the software of choice for a data scientist — from R Studio, to Tableau, Excel and beyond.

Using innovative encryption key management, linked to your corporate sign on / identity, Data Huts provide all of the necessary ‘pipes’ to allow permissioned users to create secure data rooms, and smart data objects using our ‘hutX’ protocol. The ability to be Secure, Portable, and Easy to use — even when sharing data with contractors or other stakeholders, is what really unlocks the value in your data.

In a future post, we will also tell you more about the powerful and immutable audit trail which provides both peace of mind from a risk perspective, and opens up powerful productivity and collaboration options!

This has been a very brief introduction to the concept of Data Velocity. If you can improve your Data Velocity, you will get more value from your data, reduce costs and timelines considerably and be able to engage all stakeholders more actively in data projects of all scales.

If you would like help, or to learn more about how MNC is getting results for their clients using Hut34 Technology, do drop a comment below, or get in touch!