What is data residency and why is it important?

I am often asked the following questions around data residency:

1. What is data residency?

2. Why is data residency important?

3. Why has assess.one made such a big investment into it's data residency architecture when other companies don't?

This blog post will answer these questions, but I will also describe some additional benefits to our data residency architecture that were not initially expected or foreseen when assess.one was initially developed.

Data residency refers to the legal and regulatory requirements governing the storage and processing of data in a particular geographic location. It is a critical issue for businesses and organizations that deal with sensitive or confidential data, such as personal health information, financial data, and intellectual property. In this blog post, we will discuss why data residency is important and how assess.one supports data residency.

Data residency is important for several reasons. Firstly, it helps to ensure compliance with data protection laws and regulations. Many countries have strict laws governing the storage and processing of personal data, such as the General Data Protection Regulation (GDPR) in the European Union and the Health Insurance Portability and Accountability Act (HIPAA) in the United States. Failure to comply with these laws can result in significant fines and legal consequences.

Secondly, data residency can help to ensure data privacy and security. By storing data in a specific geographic location, organizations can more easily manage and secure their data, reducing the risk of data breaches or unauthorized access.

Finally, data residency can also help to improve data access and availability. By storing data closer to users, organizations can reduce latency and improve performance, making it easier for customers to access and use the data they need.

At assess.one, we understand the importance of data residency, which is why we offer our customers the ability to choose where their workspace data is stored. In fact, the assess.one platform was designed from the ground up to support data residency since day one. Our platform supports three different regions: Australia, the United States, and the European Union with more regions coming soon. This ensures that our customers can comply with relevant data protection laws and regulations and maintain control over their data.

By providing customers with the ability to choose where their data is stored, assess.one also helps to reduce the risk of data breaches or unauthorized access. Customers can rest assured that their data is being stored and processed in a secure and compliant manner with assess.one.

In addition to supporting data residency, assess.one also provides other security features such as role-based access control, workspace data isolation, multi factor authentication (MFA), and encryption at rest and in transit. These features help to ensure that our customers' data is protected at all times and give our customers peace of mind that their data is secure.

In summary, data residency is a critical issue for businesses and organizations that deal with sensitive or confidential data. By supporting data residency and providing our customers with the ability to choose where their data is stored, assess.one helps our customers comply with data protection laws and regulations, reduce the risk of data breaches or unauthorized access, and improve data access and availability.