Tel Aviv – January 12th, 2023
Wand announced today that it has successfully completed its Service Organization Control (SOC) 2, Type 1 certification. The SOC 2 is an auditing standard developed by the American Institute of Certified Public Accounts (AICPA). Successful completion of the SOC 2 audit further validates Wand focus on security and compliance, demonstrating a major milestone for the company.
SOC 2 defines criteria for managing customer data based on five trust service principles: security, availability, processing integrity, confidentiality and privacy. Certification demonstrates a company’s ability to not only implement critical security policies but also prove compliance over an extended period of time.
Wand is a no-code AI platform that allows technical and non-technical users to build AI solutions 100x faster and cheaper than any other method, with state-of-the-art results. Wand charges on computing – no upfront licensing fee. Pilots are not necessary as users can try the platform and create value quickly: https://bit.ly/3VGAksZ
In terms of differentiation, Wand offers:
- end-to-end AI platform
- automated, self-service build, test, and run
- centralized management and control of all AI solutions
- ROI estimator
- collaboration and results sharing.
Wand users are data analysts, business analysts, product owners, and heads of functional units. They have access to large data sets but struggle to identify signals and produce calls-to-actions and value with existing tools. And because their knowledge of AI might be limited, they are not able to create fast and impactful value from AI. Wand simply gives them AI superpowers and allows them to create solutions quickly and with tangible results.
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Wand was founded with a clear mission – to enable everyone, regardless of their technical skills, to solve complex business problems and produce tangible ROI using AI. Wand is a no-code AI platform targeting 750 million business users. Time to production is between a few hours to a few days.
Wand is an end-to-end, self-service platform, covering everything from DataOps to MLOps. The core technology, WandML, automates the whole process required to create a business solution using AI.