Up until recently, the methods wineries used to decide what to produce and what to sell have been almost entirely subjective. Without data, it was really hard to figure out how to make a great wine that would sell well in the market. But in an extremely competitive market, where many wineries only have one shot per season to make a great wine, more and more winemakers are looking for ways to predict what consumers will like, so they can create better products and increase their profits. Now Tastry, a sensory sciences company based in California, is using machine learning and advanced chemistry to teach artificial intelligence to "taste" – and that technology is shaking up the wine industry by providing valuable information to winemakers and retailers about the wines that customers enjoy. I interviewed Katerina Axelsson, Founder and CEO of Tastry, about how her company uses artificial intelligence to recommend wines to consumers and advise wineries about what products to make.
Exterro Inc., the preferred provider of Legal GRC software and the Association of Corporate Counsel exclusive Alliance Partner for Data Privacy and Cybersecurity Compliance and E-Discovery, announced today the launch of the Exterro Data Source Discovery. This innovative addition to the Exterro Legal GRC Suite allows Legal teams to easily obtain a comprehensive list of data sources, automatically and without the need to involve IT. Legal teams often face challenges when trying to find data quickly, whether it's needed for litigation, a data subject access request, internal investigation, or other business process. Adding to this problem is the ease at which different business units--and even employee groups within those units--can create new data sources such as a new Slack channel or a new Microsoft Teams or SharePoint site that is unknown to the Legal team. Relying on IT to find these new data sources and collect relevant information often adds critical time delays.
Data privacy has always been a controversial subject, hitting newspaper headlines regularly due to companies that have failed in their data protection sector or collect data without consent. The need to be in charge of this is more important than ever as you don't want to gain a reputation as being untrustworthy with personal information. Officials are demanding more from businesses, with strict guidelines as the world is trying to introduce or increase its data management, policies, and privacy schemes. Following new regulations is of utmost importance for businesses, with those who fail facing litigation. The updates from the EU General Data Protection Regulation (GDPR) are worth mentioning since during the summer of 2021, the European Commission released new Standard Contractual Clauses (SCCs).