Ensuring data privacy and complying with data protection laws can be challenging for organizations without AI-powered redaction software.
According to DLA PIPER, the average cost of data breaches in the U.S. was $9.44 million in 2022.
Besides these costs, failure to redact confidential information can land you with penalties ranging between US$ 5,000 to US$ 1 million per day – depending on the intensity of the violation.
And no organization is impervious to this; even renowned enterprises must comply when push comes to shove.
For instance, Google had to shell out US$ 57 million when it failed to match some GDPR requirements.
This is why, to avoid heavy fines and comply with compliance regulations, it is vital for organizations to understand data privacy challenges and find robust solutions to overcome these hurdles.
Read on to understand what AI Redaction is, how AI redaction software works, the benefits of AI-powered redaction, and how AI Redaction helps to overcome privacy challenges.
What is AI Redaction?
AI redaction, or artificial intelligence redaction, is a technology-driven approach to obscure or remove sensitive or confidential information from documents, images, videos, or other forms of data.
How AI Redaction Software Works?
AI redaction tools use artificial intelligence and machine learning algorithms to identify, hide, or remove sensitive information from documents, audio, or videos.
The AI redaction tool spots names, emails, SSNs, and other private details in documents and shows them in little boxes when you open the file. You can click on these boxes to hide the info.
Read more about how AI redaction works in VIDIZMO's helpdesk article!
What are the Benefits of AI-powered Redaction?
Empowering your organization with AI-powered redaction tools can help you save time and money. Let's explore four benefits of AI redaction.
1. AI-Powered Redaction Redacts with Greater Accuracy
AI-based redaction solutions can improve the accuracy of redaction by automating the detection and redaction of sensitive information, including PII, PHI, NPI, and PCI.
It eliminates human errors like leaving instances of sensitive information behind or incorrectly redacting it. This technology ensures that all sensitive data is consistently and correctly identified and redacted.
2. AI-Powered Redaction Saves Time
AI redaction uses AI/ML algorithms to automatically identify Sensitive information like names, phone numbers, SNN, etc., in video and Audio files.
You have to set parameters regarding what needs to be redacted, and those occurrences will be automatically detected and redacted.
3. AI-Powered Redaction Utilizes Fewer Resources
AI redaction streamlines the redaction process, allowing organizations to automate the redaction. It will enable users to efficiently handle the secure processing of sensitive information without overburdening their workforce, expanding their team, or outsourcing to third-party providers.
4. AI-Powered Redaction Improves Data Security
Another benefit of AI-powered redaction is its heightened data security level.
By automating the redaction process, these solutions significantly decrease the chance of unauthorized access to sensitive data.
This not only safeguards an organization's reputation but also maintains the trust of stakeholders.
Privacy Challenges
According to a report, around 2.5 quintillion bytes of data are created each day. As data volumes surge and regulatory requirements tighten, organizations face increasing complexities.
Privacy challenges related to redaction often center on finding the proper equilibrium between data sharing and protecting sensitive information.
Here are three major privacy challenges organizations are facing worldwide.
1. Meeting Compliances requirements
Data privacy regulations such as GDPR (General Data Protection Regulation), CCPA (California Consumer Privacy Act), HIPAA (Health Insurance Portability and Accountability Act), and various other regional and industry-specific standards have set strict guidelines for the handling of personal and sensitive data.
Ensuring compliance with these regulations has become an important concern for companies, as non-compliance can lead to substantial fines and reputational damage.
Most recently, JPMorgan was fined $200 million for recordkeeping violations. If you need to know more about privacy violations, take a look at the 30 biggest GDPR fines so far (2020, 2021, 2022)
2. Managing Data Volume & Variety
As businesses accumulate vast amounts of information from various sources and in a multitude of formats, the task of efficiently handling, analyzing, and securing this data becomes increasingly complex.
Failing to manage the data securely can result in legal consequences and may cost the company financially and affect its brand image.
Companies then look for tools to process large amounts of data, supporting various formats. In this context, managing data volume and variety has become a critical aspect of modern data management.
3. Lack of Scalability & Accuracy in Methods
With technological advancement, businesses need redaction solutions to keep pace and deliver precise results.
Many organizations find that their existing redaction methods, especially manual ones, are simply not equipped to handle the sheer volume of data that requires processing.
The time and effort required for manual redaction can quickly become overwhelming, resulting in operational bottlenecks and delayed data sharing.
Similarly, accuracy in redaction cannot be overstated. Mistakes in redaction can lead to data breaches, regulatory violations, and compromised trust.
In response to these challenges, organizations increasingly turn to advanced redaction software, often powered by AI and machine learning.
Let's explore how advanced AI redaction software addresses these challenges in ensuring Privacy.
How AI Redaction Software Ensures Privacy
AI-powered redaction tools like the VIDIZMO redactor are emerging as a robust and reliable solution to safeguard sensitive information. These tools employ advanced algorithms and machine learning capabilities to ensure Privacy in various contexts.
They employ sophisticated features, including automatic object detection for faces, vehicles, license plates, and other objects within images and videos. This extends the scope of privacy protection beyond just words and numbers.
Optical Character Recognition (OCR) technology allows redaction tools to scan text within a Document and video, ensuring that even non-textual content is covered in the redaction process.
They also offer automatic PII redaction, going beyond generic redaction to detect and redact personally identifiable information (PII) such as names, social security numbers (SSN), and more.
For scenarios where license plates might be part of the sensitive data, these tools can automatically recognize and redact them, ensuring Privacy in various contexts.
Additionally, they can assist in translating and transcribing content while maintaining redaction, ensuring that sensitive information is concealed in multiple languages and across various forms of media.
In essence, AI-powered redaction tools have become holistic privacy enforcers, extending their protective reach to objects, text, and various data formats.
VIDIZMO's Redactor
Not all AI redaction software can meet the rigorous demands and compliance requirements essential for law enforcement and legal teams.
However, specific products and services, such as VIDIZMO Redactor, excel in this regard.
It is a User-friendly smart redaction software powered by artificial intelligence with top-notch security supporting broad compliance coverage of FOIA, HIPAA, GDPR, and more.it provides audio, video, document, and image redaction.
The tool, empowered with ML algorithms, offers many features, including OCR, automatic detection and redaction of PII, seamless translation and transcription, integrated video editing capabilities, and various other functions.
Uphold Privacy while ensuring Security with VIDIZMO Redactor
The process of choosing a redaction Software is critical to ensure Privacy and overcome the data privacy challenges in the modern age.
Many organizations often face buyer's remorse when a purchased product falls short of their specific requirements.
Fortunately, VIDIZMO Redactor offers a 7-day free trial, allowing you to thoroughly explore its AI-powered redaction capabilities before committing.
Contact us if you Want to know more about VIDIZMO products and solutions.
FAQs
What is the best AI redaction tool?
AI-powered redaction tools like VIDIZMO redactor are the best AI redaction tools built with strong Artificial intelligence and machine learning algorithms to efficiently and securely redact sensitive information.
What is redaction used for?
Redaction is used for protecting confidential information like PII, PHI, NPI, etc, in order to maintain Privacy and stay compliant.
Who uses redaction?
Redaction is used in different industries, including legal, law enforcement, education, financial services, healthcare, and manufacturing.
Is redaction permanent?
Yes, redaction is the process of permanently removing desired information, including text and graphics, from your documents, videos, and audio files.
What are the benefits of data redaction?
The benefit of redaction is that it reduces Risks Associated with Unintended Sensitive Data Exposures, which help protect Privacy and stay compliant.
