The Australian Securities and Investments Commission has extended its partnership with Australian software company Nuix following a competitive tender process.
The new contract forms part of ASIC's expanding analytics and e-discovery platforms. ASIC is investing around $60 million on data analytics, IT systems as well as its surveillance and enforcement capabilities to be a more data-driven, intelligence-led law enforcement agency.
'A critical part of detecting, understanding and responding to issues is our ability to process large volumes of data and to extract intelligence from the diverse data sources now in use, including phones, tablets, corporate email servers and the cloud,' said John Wallace, ASIC's Chief Data Officer.
'The investments we are making are enabling us to more effectively perform in-depth analysis of data, identify relationships between persons and entities, and create chronologies revealed by metadata.'