Dive Brief:
-
Alphabet announced it's latest research lab graduate, Chronicle, on Wednesday. Chronicle was created to aid IT professionals and thwart cybercrimes on a mass intelligence cybersecurity platform. Experiments that graduate as independent businesses under Alphabet are rare.
-
To dilute mounting security risks, the Chronicle platform is designed to better analyze Big Data where security risks could go undetected. The software is not yet available, though the company is working with "a number of Fortune 500 companies" to test its abilities.
-
Chronicle stems from a 2016 project from X, Alphabet's "moonshot factory." The company aims to create "planet-scale computing and analytics to security operations" for IT departments with the assistance of AI and ML capabilities, according to the company.
Dive Insight:
With the pending release of Chronicle, larger Silicon Valley companies are embracing the call to act as "medics in cyberspace." Alphabet is joining the ranks of Microsoft and Facebook in providing a larger picture of ideal cybersecurity.
As a graduate of Alphabet, and therefore an affiliate and "part of" Google's parent company, businesses will likely gravitate to the AI, ML and cloud-based expertise that resides in Chronicle.
Because of the weight of the Alphabet's reputation, Chronicle already has leverage and an easy entrance into the cyber market. And as risks elevate, businesses are willing to spend a lot to protect critical digital infrastructure. Chronicle has not yet disclosed its prices.
Spending on security practices is projected to hit $93 billion this year, and companies are looking for opportunities that provide the greatest protection for the price.
