Business
Investment in Visibility Blockchain Limited
Investment in Visibility Blockchain Limited.
About this update from Mindflair Plc
[{"type":"text","content":"\n \n \n RNS Number : 5153F\n Pires Investments PLC\n 10 March 2020\n \n \n \n Pires Investments PLC\n (\"Pires\" or the \"Company\")\n \n Investment in Visibility Blockchain Limited (\"Getvisibility\")\n \n \n The Company is pleased to announce that it has agreed to invest €250,000 in Visibility Blockchain Limited, a private company incorporated in Ireland which trades under the name Getvisibility (www.getvisibility.com), (\"Getvisibility\").\n \n Getvisibility is an artificial intelligence security company, addressing the substantial and increasing problem which corporations face in storing, sorting, accessing and protecting data.\n \n The company has developed and launched a software platform using Artificial Intelligence (\"AI\") that delivers visibility over data such as Word documents or pdfs, for enterprises, by automatically, accurately and precisely scanning and classifying data.\n \n \n Getvisibility assists organisations to gain control over unstructured data by categorising, organising, protecting and, by making it Cloud based, ultimately allowing the data to be searchable. The software enables companies to quickly visualise their data footprint, where new and changing data risks have emerged thereby allowing proactive data management and security.\n \n \n \n \n \n Getvisibility's technology utilises deep learning AI, comprising a lightweight enterprise architecture that provides fast and accurate visibility of all the data within a client's digital environment. It removes the need for teams of people to deal with the problem of manual input and eliminates the requirement for legacy technology. The company's scalable AI model is adapted for industry specific data structures and can process and understand unstructured information as it is being created as well as organising and structuring historical data repositories.\n \n \n \n \n \n The company already has an international blue-chip client base across various sectors including insurance, healthcare, data provision and finance, including Ireland's largest healthcare provided, Laya Healthcare, and FBD Insurance plc.\n \n \n \n \n \n Getvisibility operates in a developing market estimated to be worth circa $4 billion annually, which is driven by the increased volume of data produced and requ...