Big on Big Data: 6 Smart Startups to Watch
Here are six smart companies to watch, who are grappling with solutions that search it, understand it, translate it, analyze it, present it and, ultimately, find ways to make money on it.
The financial industry is in the throes of coming to grips with terabytes and petabytes of raw, unstructured data ranging from email to internal documents to research papers to communications on social and mobile networks. And figuring out how to make money on it.
Here are six smart companies to watch, who are grappling with solutions that search it, understand it, translate it, analyze it, present it and, ultimately, find ways to make money on it.
They are the graduates of the 2012 FinTech Innovation Lab, created by the New York City Investment Fund and nurtured by Accenture, Credit Suisse, Morgan Stanley, American Express, Bank of America, Barclays, Capital One, Citigroup, UBS, State Street, Goldman Sachs, Deutsche Bank, JP Morgan Chase and a host of venture funds.
The innovators, with their big ideas in big data boiled down to four slides apiece, are:
• Billguard (online bill monitoring)
• Centrifuge (discovery of hidden patterns)
• EidoSearch (time series queries)
• Visible Market (mapping markets)
• Digital Reasoning (automating understanding)
• True Office (compliance games)
