June 14th, 2012 - The Climate Corporation Raises $50M For Big Data Driven Weather Insurance
Formerly known as Weatherbill, The Climate Corporation is announcing its $50 million Series C round today, led by new investor Founders Fund and followed on by existing investors Khosla, Google Ventures, NEA, Index Ventures and Atomico. The round comes after another formidable $42 million raise from the aforementioned group sans Founders Fund.
Tuesday, January 22, 2013
Monday, January 21, 2013
Friday, January 18, 2013
Why yet another blog about conputing and after so many years?
It
was April 2005 when I started this blog. I was a Java-Oracle
developer and I was at the begin of my career as team leader at virgilio.it,
at that time # 1 Italian web portal. I was amazed by what at the time
was an incoming revolution, the Web 2.0. I read and read again the
article by Tim O'Really about Web 2.0.
Starting a blog or just trying to start it seemed a mandatory step. The
following mandatory step was becoming the fonder of an open source
project. So, Pippoproxy was born, a 100 percent pure Java HTTP proxy designed/implemented for Tomcat that can be used instead of standard Apache-Tomcat
solutions.
It
was before my MBA and my incursion in the private equity arena where I
must confess I lost a bit the touch for technology and the attraction
for SEXY TECHNOLOGY. I started to find sexy discounted cash flows Excel
models or amazing PowerPoint presentations aimed to convince investors
to put money on some fund or listed company. Again, the more the time
passed the more I was convinced that nothing new was under the sun.
Java, PHP, Apache projects ... the same stuff again and again...
Now
I know I was wrong. Exactly at that time Hadoop was born as well as other other innovative open source projects. A new revolution, nowadays
known with the buzzword Big Data, was born. Now I feel as excited as at
that time. The same excitement of when I discovered a hack ... the same
excitement of when I was child and I realized a program to predict
football matches with my mythical Commodore Vic 20. Just for fun!
In
the next posts I'm going to analyze tools, open source projects,
algorithms, statistical methods, products and I'll give them a 1-5
score. No strict methodology, no committees, just personal judgment.
Just for fun!
Thursday, January 17, 2013
If Facebook new Graph Search is your Personal "Big Data" why Facebook's shares were flat at $30.10 in early trading on Wednesday?
Last Tuesday Facebook announced a new way to "navigate connections and make them more useful": Graph Search (beta version).
Graph Search will allow users to ask real time questions to find friends and information within the Facebook universe. Searches like “find friends of friends who live in New York and went to Stanford” would come back with anyone who fit the bill, provided that information had been cleared to share by the users.
Graph Search will appear as a bigger search bar at the top of each page. When you search for something, that search not only determines the set of results you get, but also serves as a title for the page. You can edit the title - and in doing so create your own custom view of the content you and your friends have shared on Facebook.
The first version of Graph Search focuses on four main areas -- people, photos, places, and interests.
- People: "friends who live in my city," "people from my hometown who like hiking," "friends of friends who have been to Yosemite National Park," "software engineers who live in San Francisco and like skiing," "people who like things I like," "people who like tennis and live nearby"
- Photos: "photos I like," "photos of my family," "photos of my friends before 1999," "photos of my friends taken in New York," "photos of the Eiffel Tower"
- Places: "restaurants in San Francisco," "cities visited by my family," "Indian restaurants liked by my friends from India," "tourist attractions in Italy visited by my friends," "restaurants in New York liked by chefs," "countries my friends have visited"
- Interests: "music my friends like," "movies liked by people who like movies I like," "languages my friends speak," "strategy games played by friends of my friends," "movies liked by people who are film directors," "books read by CEOs"
Differences with web search
Graph Search and web search are very different. Web search is designed to take a set of keywords (for example: "hip hop") and provide the best possible results that match those keywords. With Graph Search you combine phrases (for example: "my friends in New York who like Jay-Z") to get that set of people, places, photos or other content that's been shared on Facebook. We believe they have very different uses.Another big difference from web search is that every piece of content on Facebook has its own audience, and most content isn't public. We've built Graph Search from the start with privacy in mind, and it respects the privacy and audience of each piece of content on Facebook. It makes finding new things much easier, but you can only see what you could already view elsewhere on Facebook.
Lack of a timeline for the possible launch of graph search on mobile devices + lacks the depth of review content = NO GOOGLE KILLER?
BofA Merrill Lynch analysts estimated Facebook could add $500 million in annual revenue if it can generate just one paid click per user per year, and raised its price target on the stock by $4 to $35.
Facebook's shares were flat at $30.10 in early trading on Wednesday. They have jumped about 50 percent since November to Tuesday's close after months of weakness following its bungled Nasdaq listing in May.
However, analysts at J.P. Morgan Securities said the lack of a timeline for the possible launch of graph search on mobile devices may weigh on the tool's prospects.
The success of the graph search, which will rely heavily on local information, depends on Facebook launching a mobile product, the analysts said. Half of all searches on mobile devices seek local information, according to Google.
Graph search also lacks the depth of review content of Yelp Inc, the analysts added.
Pivotal Research Group analyst Brian Wieser said monetization potential would be largely determined by Facebook's ability to generate a significant portion of search query share volumes and he expects that quantity to be relatively low.
"Consumers are likely to continue prioritizing other sources, i.e. Google. Advertisers would consequently only use search if they can, or are perceived to, satisfy their goals efficiently with Facebook," Wieser said.
NO GOOGLE KILLER
Analysts mostly agreed that Facebook's search tool was unlikely to challenge Google's dominance in web search at least in the near term.
Wednesday, October 19, 2005
Welcome to Web 2.0
In What Is Web 2.0 O’Reilly Media President and CEO Tim O'Reilly explains what it means Web 2.0. Basically, it's based on a set of core principles:
Akamai vs. BitTorrent. BitTorrent, like other pioneers in the P2P movement, takes a radical approach to internet decentralization. Every client is also a server; BitTorrent thus demonstrates a key Web 2.0 principle: the service automatically gets better the more people use it. P2. Harnessing Collective Intelligence. Explained by success story.
P4. End of the Software Release Cycle. Operations must become a core competency. Google's or Yahoo!'s expertise in product development must be matched by an expertise in daily operations. So fundamental is the shift from software as artifact to software as service that the software will cease to perform unless it is maintained on a daily basis.
It's also no accident that scripting languages such as Perl, Python, PHP, and now Ruby, play such a large role at web 2.0 companies. Perl was famously described by Hassan Schroeder, Sun's first webmaster, as "the duct tape of the internet."
Users must be treated as co-developers, in a reflection of open source development practices (even if the software in question is unlikely to be released under an open source license).
P5. Lightweight Programming Models. RSS, SOAP, XML data over HTTP, REST, AJAX support lightweight programming models that allow for loosely coupled systems. Think syndication, not coordination. Design for hackability and remixability.
Moreover, when commodity components are abundant, you can create value simply by assembling them in novel or effective ways (Innovation in Assembly:).
P6. Software Above the Level of a Single Device. To date, iTunes is the best exemplar of this principle. This application seamlessly reaches from the handheld device to a massive web back-end, with the PC acting as a local cache and control station. There have been many previous attempts to bring web content to portable devices, but the iPod/iTunes combination is one of the first such applications designed from the ground up to span multiple devices. TiVo is another good example.
P7. Rich User Experiences. Ajax isn't a technology. It's really several technologies, each flourishing in its own right, coming together in powerful new ways. Ajax incorporates:
- The web as platform
- Harnessing Collective Intelligence
- Data is the Next Intel Inside
- End of the Software Release Cycle
- Lightweight Programming Models
- Software Above the Level of a Single Device
- Rich User Experiences
- Netscape vs. Google. Netscape framed the web as platform in terms of the old software paradigm: their flagship product was the web browser, a desktop application, and their strategy was to use their dominance in the browser market to establish a market for high-priced server products. Google, by contrast, began its life as a native web application, never sold or packaged, but delivered as a service, with customers paying, directly or indirectly, for the use of that service. None of the trappings of the old software industry are present. No scheduled software releases, just continuous improvement. At bottom, Google requires a competency that Netscape never needed: database management. In fact, to Tim, the value of the software is proportional to the scale and dynamism of the data it helps to manage. While both Netscape and Google could be described as software companies, it's clear that Netscape belonged to the same software world as Lotus, Microsoft, Oracle, SAP, and other companies that got their start in the 1980's software revolution, while Google's fellows are other internet applications like eBay, Amazon, Napster, and yes, DoubleClick and Akamai.
- DoubleClick vs. Overture and AdSense. DoubleClick was ultimately limited by its business model. It bought into the '90s notion that the web was about publishing, not participation; Overture and Google's success came from an understanding of what Chris Anderson refers to as the long tail, the collective power of the small sites that make up the bulk of the web's content. DoubleClick's offerings require a formal sales contract, limiting their market to the few thousand largest websites. The Web 2.0 lesson: leverage customer-self service and algorithmic data management to reach out to the entire web, to the edges and not just the center, to the long tail and not just the head.
- eBay's product is the collective activity of all its users; like the web itself, eBay grows organically in response to user activity, and the company's role is as an enabler of a context in which that user activity can happen.
- Amazon sells the same products as competitors such as Barnesandnoble.com, and they receive the same product descriptions, cover images, and editorial content from their vendors. But Amazon has made a science of user engagement.
- Wikipedia, an online encyclopedia based on the unlikely notion that an entry can be added by any web user, and edited by any other, is a radical experiment in trust, applying Eric Raymond's dictum (originally coined in the context of open source software) that with enough eyeballs, all bugs are shallow, to content creation.
- Sites like del.icio.us and Flickr, two companies that have received a great deal of attention of late, have pioneered a concept that some people call folksonomy (in contrast to taxonomy), a style of collaborative categorization of sites using freely chosen keywords, often referred to as tags. Tagging allows for the kind of multiple, overlapping associations that the brain itself uses, rather than rigid categories.
- Even much of the infrastructure of the web--including the Linux, Apache, MySQL, and Perl, PHP, or Python code involved in most web servers--relies on the peer-production methods of open source, in themselves an instance of collective, net-enabled intelligence. There are more than 100,000 open source software projects listed on SourceForge.net.
- Blogging and the Wisdom of Crowds. At this regard, tom remembers that RSS allows someone to link not just to a page, but to subscribe to it, with notification every time that page changes. Skrenta calls this the incremental web. Others call it the live web.
P4. End of the Software Release Cycle. Operations must become a core competency. Google's or Yahoo!'s expertise in product development must be matched by an expertise in daily operations. So fundamental is the shift from software as artifact to software as service that the software will cease to perform unless it is maintained on a daily basis.
It's also no accident that scripting languages such as Perl, Python, PHP, and now Ruby, play such a large role at web 2.0 companies. Perl was famously described by Hassan Schroeder, Sun's first webmaster, as "the duct tape of the internet."
Users must be treated as co-developers, in a reflection of open source development practices (even if the software in question is unlikely to be released under an open source license).
P5. Lightweight Programming Models. RSS, SOAP, XML data over HTTP, REST, AJAX support lightweight programming models that allow for loosely coupled systems. Think syndication, not coordination. Design for hackability and remixability.
Moreover, when commodity components are abundant, you can create value simply by assembling them in novel or effective ways (Innovation in Assembly:).
P6. Software Above the Level of a Single Device. To date, iTunes is the best exemplar of this principle. This application seamlessly reaches from the handheld device to a massive web back-end, with the PC acting as a local cache and control station. There have been many previous attempts to bring web content to portable devices, but the iPod/iTunes combination is one of the first such applications designed from the ground up to span multiple devices. TiVo is another good example.
P7. Rich User Experiences. Ajax isn't a technology. It's really several technologies, each flourishing in its own right, coming together in powerful new ways. Ajax incorporates:
- standards-based presentation using XHTML and CSS;
- dynamic display and interaction using the Document Object Model;
- data interchange and manipulation using XML and XSLT;
- asynchronous data retrieval using XMLHttpRequest;
- and JavaScript binding everything together.