Can an Algorithm Spot the Next Google?

"By extracting words and phrases from the collected documents, Quid constructs a "technology genome" that describes the primary focus of each of those 35,000 entities. A map of the connections those genomes can be used by investors to find hints about interesting companies or ideas, says Gourley. Most companies cluster around established sectors, but a few will sit in the white spaces between the clusters and can represent the seeds of new technology sectors."

 

 

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Can an Algorithm Spot the Next Google?

via Technology Review RSS Feeds on 4/13/11

A startup analyzes tweets, patents, and lots of other data in the hopes of identifying the next big thing.

By definition, "disruptive" technologies are those that take the world by surprise. Now a startup called Quid claims that its software can make good guesses about what the next big thing will be. It does this by analyzing a store of data on existing companies, ideas, and research.

 

 

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