Nick Adams Managing Director, AME Cloud Ventures
to be a US$ 24 billion industry by next year, BIG DATA IS FORECAST and most of that data will come from machine learning. When we are considering whether or not to invest in a company, the first thing we look for is unique data sets. We love technology-heavy companies that gather or create unique data at every stage — from infrastructure all the way to applications, mobile and sensors. Ultimately, what data does a company have that is unique and differentiated? That is really important to us. Our next questions are, What problem is the company trying to solve? What is the business they are trying to disrupt? What is the business model, and how is it differentiated? Are they going to try to compete with existing enterprise IT vendors, and help them do something better that they are already doing? Or, are they going to take on an entire industry — like insurance, healthcare or education — and use machine learning as an ingredient to disrupt that? These are the lenses we use.
I’ll give you an example of a company we are excited about, which has not publically launched yet. This startup is planning to