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Industry Landscape

Industries:

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Total Addressable Market

Market Growth Stage

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Pace of Market Growth

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Emerging Technologies

Generative AI in Software Development

Generative AI is revolutionizing software development by automating code generation, testing, and documentation, significantly accelerating the product engineering process.

Cloud-Native Platforms

Cloud-Native Platforms enable businesses to build and run scalable applications in dynamic environments, crucial for application modernization and cloud studio solutions.

Edge Computing for AI

Edge Computing enhances data processing and reduces latency by bringing computation closer to the data source, improving AI-driven decision-making in real-time applications.

Impactful Policy Frameworks

AI Bill of Rights

The Biden-Harris Administration introduced the AI Bill of Rights in 2022, outlining five principles to guide the design, development, and deployment of AI to protect individuals' rights and safety in the United States, emphasizing fairness, transparency, and accountability in automated systems. (2022). Note: it is a guideline not a law yet, but may become law in the future. See reference URL for more details about the purpose of this framework and its current development. It does not affect all companies, but can be used by companies that it does affect to better promote the safety of its customers through fairness and transparency in AI practices. See the reference link for more details. https://www.whitehouse.gov/ostp/ai-bill-of-rights/ It is not only for AI companies but for all companies deploying AI in the market.

This impacts Altysys by necessitating robust data governance frameworks for AI solutions, potentially increasing compliance costs and requiring specialized expertise.

California Consumer Privacy Act (CCPA)

The California Consumer Privacy Act (CCPA), enacted in 2018, grants California consumers broad rights over their personal information, including the right to know what personal data is collected, the right to delete personal data, and the right to opt-out of the sale of personal data. (2018). See reference for more details about the consumer rights under this law. It only affects companies that conduct business in California. https://oag.ca.gov/privacy/ccpa The AG enforces this law in California. If you fall under this law, see reference link for more information. As an example of how this affects business - a customer can request that a business delete the customer's data in their system.

Altysys must adapt its data handling practices to comply with these regulations, potentially requiring investments in data security infrastructure and privacy-enhancing technologies.

EU's General Data Protection Regulation (GDPR)

The EU's General Data Protection Regulation (GDPR), established in 2018, regulates the processing of personal data of individuals within the EU, setting stringent requirements for data protection, consent, and cross-border data transfers. (2018). See URL for more details about GDPR law. It only affects businesses conducting businesses in Europe. https://gdpr-info.eu/ If you fall under this law, see reference link for more information.

Altysys needs to ensure its cloud solutions comply with data residency requirements and provide clear data processing agreements with clients, which might increase operational complexity.

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