Whenever a concept or topic breaks into the mainstream, there is a tendency for public and media discussion to oversimplify it. This is true in the case of Big Data, which is widely mentioned but remains poorly defined and understood.
It goes without saying that Big Data is not a single entity existing on a server farm in some remote locale. Instead, Big Data is a phenomenon, referring to the rising tide of traditional and digital information. Yet, what does this really mean? Back in 2001, Doug Laney described the three Vs of Big Data: volume, velocity and variety.
Tech hubs are blossoming in America's big metros. Not just in Silicon Valley, but in New York City and Boston too. Richard Florida's new "Startup City" report shows tech firms and venture capital "shifting back to the great urban centers."
This growth is great. But what about the rest of America? Surely there must be innovation bubbling up there. And if it is, financial capital should follow.
It turns out that, yes, there's a lot going on beyond the traditional tech hubs. Take the recent Google for Entrepreneurs Demo Day, for instance. Ten startups from seven cities across North America joined up to pitch investors, Shark Tank-style. Three additional investors — Steve Case of Revolution, Steph Palmeri of SoftTech VC, and MG Siegler of Google Ventures — then offered their advice. Check out the companies (and especially where they're from):
Abundance is a powerful word that promises many things.
The top executive of a major U.S. energy supplier said America must pursue policies that ensure a stable flow of electricity supply, and warned against too much enthusiasm for renewable sources.
While acknowledging the need to reduce carbon emissions, FirstEnergy Corp. President and CEO Anthony Alexander said governmental policies favoring renewable energy sources and discouraging the use of baseload generation resources were stifling growth and threatening the reliability of electricity service.
“We need to reaffirm this nation’s long-term energy policy in favor of diversity of supply and reliance on the market, not the government picking winners and losers among energy technologies and customer choices,” he said.
Elizabeth Holmes took a huge risk when she dropped out of Stanford to start her own company, but it was a risk worth taking.
The 30-year old Holmes is the founder of Theranos, a company that is influencing the way lab testing is done. Her company has invented a technology that can run 30 lab tests on a single drop of blood—at a fraction of the time and cost of traditional blood tests.
Test results are electronically delivered to both patient and doctor in less than four hours (in most cases). The prices are listed up front, with tests starting at $1.55—with most under $10.00. This allows even those without health insurance to afford lab testing, which in turns helps with detecting diseases and irregularities, and allowing for lifesaving treatment. If all lab testing was done at Theranos’ rates, it is estimated that Medicare and Medicaid (combined) would save more than $200 billion over the next 10 years.