Acentrik triumphs at Isle of Man Innovation Challenge 2024, Winning the Data & AI Category

By Team Acentrik

Published on

June 25, 2024

Acentrik, a pioneering whitelabel Software as a Service (SaaS) data exchange solution, won the Data & AI category at the renowned Isle of Man Innovation Challenge 2024. The event, held at the Comis Hotel on 13 June, brought together renowned innovators and technologists from 20 countries to present ground-breaking advances in FinTech, Cleantech, and AI.

A Significant Win for Acentrik

The winning pitch which secured Acentrik’s victory, fulfilled multiple objectives of being a unique solution that answers to a real-world challenge, demonstrated innovative features and being a contributing driver to the Isle of Man’s UNESCO Biosphere.

Acentrik as a technology is also the missing piece to the Isle of Man’s data stewardship endeavour. With its privacy-preserving features, Acentrik serves as the technical layer to the data foundation of the island, providing immense benefits to the community. This involves managing data as a strategic asset and intellectual property for organizations and individuals, encouraging greater responsible data sharing.

This robust model not only enhances data’s intrinsic value but also leverages the value of AI to foster socioeconomic benefits of the island, solidifying Acentrik’s role in aligning data objectives with business, governmental goals.

“We are thrilled and honored to have won the Isle of Man Innovation Challenge 2024. Acentrik had the opportunity to take the stage, where we discussed the complexities of data sharing between government and enterprises, bringing in a specific use case of responsible gaming. We emphasized our role as a go-to solution to tackle these challenges directly, offering a secure data sharing tool that adheres to stringent data privacy and control.”

Revolutionizing Gaming Industry: Our Proposal to Isle of Man

Acentrik offers a decentralized infrastructure for data exchanges, being domain agnostic, it is a technology that provides an interoperable framework for Isle of Man to harness greater potential in data. Though it can be applied across multiple industries, one strong use case that came through was responsible gaming for the island.

By enabling multi-party collaboration, Acentrik is a neutral data platform allows data providers of gaming companies to share data while maintaining ownership. The platform also opens an avenue for researchers from universities to train AI models, and regulators on Isle of Man to gain insights to establish a data foundation.

Acentrik can be used as a dedicated instance for data providers and consumers invited to the platform to solve the long-standing issues of data privacy, accessibility and interoperability. Specifically for this use case, the results of having a data exchange platform like Acentrik reaps data-driven benefits such as research-driven gaming legislation and an interoperable data framework for research and analytics.

Gratitude and acknowledgments

Acentrik extends its deepest gratitude to the Isle of Man Government and the esteemed judges of the Innovation Challenge for recognizing our efforts and providing us with this incredible opportunity to showcase our capabilities on a global stage.

Stay updated by following Acentrik’s LinkedIn page for exciting announcements, and schedule an exclusive demo to experience the power of our award-winning, privacy-preserving platform firsthand.