Trust in AI is earned. Business data and intellectual property must remain private and secure.
This article explains how Jedox keeps your important strategic, financial, and operational data safe. This data is what gives you an edge over competitors, especially when you use it with GenAI and other artificial intelligence applications.
Jay Sudharam, Product Manager AI
The combination of AI and FP&A is reshaping the finance world, and Jedox is at the forefront of this transformation having introduced Jedox AIssisted™ planning wizards in 2019. We have a track record of supporting transparent and understandable AI use cases for integrated business planning. AI is on every Chief Financial Officer’s agenda, and we know safeguarding intellectual property, and your most valuable data assets is a risk which must be understood and mitigated before fully embracing AI within the Office of Finance.
Two major risks highlight why data security is non-negotiable
With GenAI in Finance, robust data security is crucial because financial and operational data is the lifeblood of any organization. Improper data access, or in the worst case of a breach, will lead to:
- Loss of competitive advantage – contractual terms and conditions allow owners of LLMs to learn from proprietary data and potential share with your competitors or even enter your markets.
- Reputational damage – loss of customer trust, negative media attention, shareholder complaints, and potential legal or regulatory actions.
How Jedox mitigates risk from AI applications for Finance
JedoxAI is a core component of the Jedox planning and performance management platform. It combines GenAI, built on a large language model (LLM), with robust data management to streamline financial planning and analysis. Its user-friendly interface, predictive capabilities, and natural language processing (NLP) make data analysis accessible and efficient. Organizations communicate better, understand their business deeply, and ultimately make better decisions.
The JedoxAI platform component leverages Microsoft Azure OpenAI Services so users can interact with their business data using natural language. It is used generate reports, perform complex data analyses, and gain actionable insights. The service employs a unique instance-specific LLM that ensures complete privacy and compliance with U.S. and European norms. Models are fine-tuned to individual customers and JedoxAI validates data to generate relevant views while keeping data isolated and secure.
The Jedox platform’s AI capabilities are built with security and privacy:
- Complete data privacy in prompts, completions, embeddings, and training data that are not accessible to other customers, OpenAI, or any third-party services. They are also not used to improve OpenAI models.
- Fine tune models that are exclusively available for individual customer use.
- Secure hosting: The Azure OpenAI Service ensures no interaction with services operated by OpenAI, such as ChatGPT or the OpenAI API.
Jedox and Microsoft – How JedoxAI integrates with Microsoft Azure
JedoxAI leverages the cutting-edge AI models of Azure OpenAI Service, a secure environment hosted and controlled by Microsoft. This partnership means your data never leaves Microsoft’s trusted infrastructure which is contractually bound to protect your data. Azure OpenAI Service adheres to Microsoft’s stringent security standards, ensuring your financial information remains protected.
Comprehensive Security with Azure OpenAI Service
Azure OpenAI Service boasts a comprehensive security framework designed to safeguard your data at every stage. Here’s how your data is protected:
- Exclusivity and Non-Disclosure – Your prompts, completions, embeddings, and training data are strictly confidential. They are not shared with other customers, OpenAI, or used to enhance any Microsoft, OpenAI, or third-party products or services.
- Stateless Models and Data Privacy – Azure OpenAI models are stateless, meaning your inputs and outputs are not stored after processing. This design ensures data minimization and privacy by default. The exception is when you intentionally fine-tune models using your training data.
- Dedicated Models – Your fine-tuned Azure OpenAI models are exclusively yours, guaranteeing the confidentiality of your information and insights.
- Microsoft’s Azure Environment – The Azure OpenAI Service operates entirely within Microsoft Azure’s secure environment. It does not interact with any external OpenAI services, such as ChatGPT or the OpenAI API.
Privacy, Compliance, and Regulatory Adherence
JedoxAI, through its integration with Azure OpenAI Service, aligns with global privacy and compliance standards respecting both legal obligations and ethical principles. The technology meets stringent requirements of GDPR and other relevant regulations.
Security is part of the Jedox culture
Our commitment to data security goes beyond industry standards. Jedox incorporates security measures throughout our organization so your data remains protected throughout its lifecycle. These measures include, but are not limited to:
- Annually external multidimensional audit for ISO 27001:2017, ISO 9001:2015, SOC 2, CSA Star Level 1 and Level 2 certificates.
- Regularly performed external penetration tests.
- Bug-bounty programMature risk management program and structure.
- External cyber risk rating service which benchmarks Jedox’s performance against peers.
- Secure development training program.
Combining Azure OpenAI’s advanced security features with Jedox protocols and controls, we create a comprehensive security shield around your valuable financial and operational data.
We encourage you to explore JedoxAI and experience the power of AI-enhanced FP&A with complete peace of mind.
Let us show you how JedoxAI will keep you ahead of your competition through secure, efficient and effective financial planning and analysis. Contact us today for more information or to schedule a personalized demo.
