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New data is usually costly to obtain. Most application ideas would be unapproachable by a garage-style startup due to the expense of data collection and the la
by romanows 16y ago
New data is usually costly to obtain. Most application ideas would be unapproachable by a garage-style startup due to the expense of data collection and the lack of proof-of-concept results.
Same idea as exploiting an underpopulated niche in an existing market rather than trying to create an entirely new market.
- physcab 16y agoWell, not exactly. Developers can make use of Scribe which is Facebook's opensource logging server, or roll their own dead-simple log server. Really its all about firing events everytime a user does something on your site and recording that data in a text file. Then you data-mine later.
- paulgb 16y agoI think this is a point of confusion because "data-driven businesses" is used elsewhere to mean a business in any industry which uses analytics to optimize operations. In this article it's referring to a company for which the product is the data itself. For the latter type of company, you need external data sources, and their availability is crucial for the viability of the company.