One of the guys I keep shooting ideas with on a ir-regular basis Andy Bartley ‘s startup , Algorithms.io just won a startup competition
Andy was kind enough to mention me at link above ( I extracted it here)–what is really cool is they are now going to demo on analytics for wearable computing. That’s right- Analytics + Google Glass ? Any takers..? 🙂
isit Algorithms.io tomorrow and Thursday at Dataweek 2013 at the Fort Mason center in San Francisco. We will be in booth #118 giving a live demo of our new machine learning platform for wearable devices.
Geoff: Is Algorithms.io a “marketplace for algorithms” or do you plan on producing / curating most of the algorithms internally?
Andy: Right now we are performing the curation internally. When you get past the marketing hype around Big Data, Machine Learning, Predictive Analytics, etc. what you’ll find is most companies still aren’t sure exactly how these technologies can benefit their business. We talk with Fortune 500 companies every week who have few if any data scientists in house, and aren’t using any intelligent algorithms. Our main focus right now is working with those companies to help them understand the use cases and how they integrate with the business model.
Longer term, we think there is an opportunity for an algorithm marketplace. This isn’t a new topic, one of our advisors Ajay Ohri, also the author of Springer’s book on R, wrote about this idea back in 2011 (http://readwrite.com/2011/06/01/an-app-store-for-algorithms#awesm=~ohfvTpPiq6Jmt5). We’ve discussed this topic with folks at some of the potential players like Google who could be interested in this type of marketplace. Two of the primary gating factors for an algorithm marketplace are data quality and use cases. Data quality is still a fundamental challenge, and the really compelling business use cases today can be tackled with a relatively limited set of algorithms. As companies get more sophisticated data infrastructure in the next 2 – 3 years, the bar will begin to rise and an opportunity could emerge for commerce around algorithms. We’re doing a number of things on the technology and IP fronts to position us to play in this space when it emerges.