Omnisient

Omnisient is a technology startup that operates in the data collaboration sector. The company's primary offering is a secure, compliant, and transformative data collaboration platform that helps businesses unlock the value of their first-party data without risking data privacy or intellectual property. The platform is designed to transform consumer data from a liability into a revenue-generating asset.

Omnisient's platform is used by a variety of businesses, including those in retail, banking, advertising, and media. It is particularly useful for businesses that operate loyalty programs, as it allows them to determine the financial impact of these programs by comparing customer spending patterns before and after enrolment. The platform also aids in credit risk scoring, helping to grow financial inclusion and increase revenue through innovative alternative data partners.

Omnisient's business model revolves around data collaboration. The company makes money by allowing organizations to share and monetize insights from their anonymized and protected consumer profiles. On average, it takes organizations a few months to achieve value from using the platform.

The company's data collaboration process is privacy-preserving and consists of five steps: local data anonymization, secure data upload to the cloud, collaboration in the cloud, evaluation, analysis, and building in the cloud, and local insight drawing. This process ensures that consumer privacy and company intellectual property are never at risk.

Omnisient has been recognized by Fast Company as one of the tech breakthroughs that promise to transform the future, and it has also joined the World Economic Forum community.

Keywords: Data Collaboration, First-Party Data, Consumer Data, Retail, Banking, Advertising, Media, Loyalty Programs, Credit Risk Scoring, Data Privacy.