How Alec Sellum Is Changing The Gold Industry

Alec Sellum is an English businessman who founded his own company, Sellem Industries. His company is in the gold mining and refining industry. His goal is to streamline this industry. In the past, gold has been mined in Africa and then shipped overseas where it gets refined. He creates African refineries so the whole process is localized and benefits more people in African countries such as Sierra Leone and Senegal.

He was born in France and moved to the United Kingdom at a young age. He developed an interest in Africa at a young age and visited there a number of times. He now develops customized methods of mining and refining gold that maximizes efficiency and helps local communities in Africa. Alec Sellum has partnered with remote villages which includes establishing a foundation. His foundation supports agriculture, offers educational opportunities, and helps people become employed in the gold industry.

Alec Sellum says that between globalization and the introduction of new technologies the traditional ways of doing business have completely changed. While this had led to new business ideas another consequence has been that many entrepreneurs don’t look at how to revolutionize already developed industries. He is focused on creating more efficient processes in gold mining and refining. He also looks to develop partnerships between his company, government, and local communities.

He travels back and forth from the UK to Africa on a regular basis. Alec Sellum says that his workdays are always different. While for some people this would be disconcerting and cause anxiety he thrives on it. He says that each day he wears a multitude of different hats as he is deeply involved in all aspects of business.

More about this entrepreneur and how he is upending the gold industry can be found in this interview.

Read More: www.crunchbase.com/person/alec-sellem

How CloudWick Technology Can Assist With Regulatory Compliance

In any type of business, it is important to stay in compliance with rules and regulations. Whether on a state or federal level, failure to comply can result in fines and other penalties. Because of this, companies are exploring ways in which the latest forms of technology, such as artificial intelligence and algorithms, can assist with this task. In doing so, many turn to the data scientists and engineers at CloudWick for assistance.

As companies conduct more and more of their business online, they gather vast amounts of data that only a few years ago could never have been imagined. However, as cyber crime has become an issue in society, government regulators have put strict rules in place that all businesses must follow to keep data safe and secure. As a result, companies must not only learn how to abide by these rules, but also know which types of technology will enable them to do so. In this regard, CloudWick often recommends the use of a data lake. Created and customized to a company’s specifications and needs, the data lake can assist with regulatory compliance in many ways. One of these is the consolidation of metadata into a single platform, which results in customized dashboards. When this occurs, all security data can then be viewed quickly and easily, allowing for complete transparency.

In addition to this benefit, the data lake can also use the advanced technology of the CloudWick Open Data Model Plus to capture and secure data. With this feature, a company’s IT system can not only be in full compliance with state and federal regulations, but also do away with the traditional security silo model often used for data storage. Instead, CloudWick can combine the data platform with Spark, Zeppelin, H2O AI, or Cloudera Data Science Workbench to create an advanced analytic platform. Once done, no cluster management is needed, since storage wastes and inefficiencies are eliminated.

As the benefits of this technology become more well-known, CloudWick and its team of data scientists, engineers, web developers, and other IT personnel will help companies meet all necessary regulatory requirements.

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