Category Archives for "DATA"

Data has no value unless you extract knowledge from it

“Oil has no value unless you extract energy from it, data has no value unless you extract knowledge from it.”—James Whittaker, Distinguished Engineer at Microsoft

Whittaker says that Apps are eating the web. The Internet of Things will ultimately mean more Internet traffic generated and consumed by machines than by humans. Machines are learning our habits faster than we can form them. What does all this mean for the future? How will we interact with our devices when they are as smart or smarter than we are? How will anyone manage to make money in this coming world?

Whittaker looks to the 2020s as the era of IoT and Big Data. The 2010s, for now, are still the decade of mobile and apps. But for how long? 

The key to taking advantage of commercial opportunities in Internet of Things is approaching consumer (customer) needs differently. Instead of creating an app that needs to be found and downloaded, companies must figure out how to meet consumer (customer) needs seamlessly, without using a browser or a search engine or other human intervention.

Now that signals a new era, doesn’t it? 

On solving the industry-specific problem as a Vertical AI startup with AI and subject matter expertise

Again and again, we’ve been revisiting this article by Bradford Cross and the embedded video of his talk at Data and Scale By the Bay, Vertical AI startups: Solving Industry-specific Problems by Combining AI and Subject Matter Expertise

I was reminded of the article recently when I talked with Greg Head of Scaling Point. Greg stressed starting with the need first, not the tech/software first. This is what Cross talks about with vertical AI and why AI startups should focus on providing a full-stack, fully-integrated solution to the end customer problem. Not only is this defensible, but you also control the “data value chain” and have pricing power.

So what are Vertical AI startups? As Cross says, they are full-stack products that require subject matter expertise, they gather unique, proprietary data from that domain, and then they use AI to deliver that core value proposition for that particular domain.