Can an Algorithm Spot the Next Google?
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.
Over the past 18 months, Quid has developed a system that charts the relationships between existing technologies, and identifies areas ripe for influential new ideas. “The goal is to map the world’s technology and to understand where it’s going,” says Sean Gourley, Quid’s chief technology officer. “The human brain can’t process all of this.” The company thinks its software can help people who invest in early-stage technologies pick more winners than losers, or guide companies into potentially lucrative areas of research.
Source: Technology Review