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This is up from $16.56bn in 2016. More advanced solutions also offer artificial intelligence (AI) and machine learning (ML) capabilities. Leaders can gain deeper insights without manually compiling data or learning code. The business intelligence software market is estimated to be worth around $23.4bn in the US alone.
In fact, in the health industry alone, the 1996 Health Insurance Portability and Accountability Act (HIPAA), which deals with the security and protection of medical information, has imposed more than $60 million in penalties and fines since its inception. million 2016 to $7.35 million in 2016. million in 2017.
In this context Quick Base may be considered a cloud service provider, a Processor as defined under EU GDPR, or as a Business Associate under HIPAA. At the end of the day, vendor risk management is about establishing and verifying trust with your most critical service providers. Cloud Shared Responsibility.
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