Algorithms as a Business
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The document discusses algorithms-as-a-service, focusing on the importance of data refining for businesses to outperform competitors. It highlights methods for effective data analysis, the challenges in developing algorithms, and the need for collaboration between algorithm developers and application providers. Additionally, it emphasizes the need for a structured ecosystem to manage algorithmic solutions and services.
Algorithms as a Business
- 1. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ Keep-it-Simple Complex Market Market by Pauli Misikangas, the CEO of Cloud’N’Sci Ltd
- 2. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ Data is Go(o)d …but REFINED data is even better! • DATA has enormous business potential… – …if you can collect it… – …find the interesting phenomenon in it… – …understand the phenomenon… – …make the right conclusions… DATA REFINING – …leading to concrete actions... (the tricky part) – …improving the processes... – …which are generating the DATA. • Companies who can do this, will outperform their competitors who cannot. Copyright © Cloud'N'Sci Ltd 2011 2
- 3. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ The Art of Data Refining Digging to Find the Truth Copyright © Cloud'N'Sci Ltd 2011 3
- 4. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ Example: Visual Data Mining with HeatMiner® INPUT DATA OUTPUT DATA Data Refining Average=7 Average=1 Target values HeatMiner automatically defining selects 3 columns heatmap as the optimal view to colors explain the target Copyright © Cloud'N'Sci Ltd 2011 4
- 5. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ The Rule of Thumb Wasted COMPLEX METHOD Effort OK SIMPLE METHOD Dangerous! SIMPLE COMPLEX DATA DATA Copyright © Cloud'N'Sci Ltd 2011 5
- 6. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ Monitoring the Current Status business using the simplest methods The ”Keep it Simple” principle rules the World. Going a bit deeper but still avoiding complex methods The latest scientific Optimal solutions analysis methods are are never found. hidden beyond the Scientific Chasm Copyright © Cloud'N'Sci Ltd 2011 6
- 7. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ Complex methods fall into ”No land ahead, The Scientific Chasm better stop here.” + Overall Business Missed growth Benefit Business opportunity! (value-cost) Decision Horizon 0 Research & Simple The Development Easy Effort methods solution ready Scientific Advanced applied Chasm solution ready - R&D for the advanced Unknown cost, solution schedule and results Copyright © Cloud'N'Sci Ltd 2011 7
- 8. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ The Nature of the Game QUALITY Possibility of Rapid Success Good Enough Risk of Failure Algorithms simply cannot be developed as normal software! COST Fair Estimate Max Copyright © Cloud'N'Sci Ltd 2011 8
- 9. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ What Happens to Smart Algorithms? Algorithm Developers, University Researchers Brilliant Algorithms Trash Bin, Archive Only Start-up Few Company Commercial Open Academic Modules Source Publications Application Developers, Commercial Applications Business, Software Houses Industry Copyright © Cloud'N'Sci Ltd 2011 9
- 10. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ Communication Channel Needed! Algorithm Developers, I have made these kind of University Reseachers ALGORITHMS. Would someone like to use them? I have this kind of DATA and I want to CLOUD ’ .fi use it to improve my BUSINESS. N’ Is there a solution for I need this kind of my needs? functionality into my APPLICATION. Does anyone have an algorithm for it? Application Developers, Business, Software Houses Industry Copyright © Cloud'N'Sci Ltd 2011 10
- 11. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ Algorithm Business Challenges Motivation? Platform? Practical work? Funding? Packaging? Coordination? Right people? Best methods? Performance? Integration? Scalability? Hosting? Intellectual Properties? Usage? Security? Privacy? Pricing? Storage? Transfer? Quality? Support? Copyright © Cloud'N'Sci Ltd 2011 11 Benefits? Life time?
- 12. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ Algorithm Architecture Algorithm Architectures INPUT OUTPUT combine algorithm modules DATA DATA into concrete solutions Algorithm Architecture SOLUTION-SPECIFIC CONFIGURATION FILES Config 1 Config 2 Config 3 Output 1 Output 2 Output 3 Input 1 Input 2 Input 3 Algorithm Algorithm Algorithm Module 1 Module 2 Module 3 sandbox sandbox sandbox Each Module must Modules can be Each module is executed in a have well-specified chained if output strict sandbox for data security input/output/config and input match and system protection Copyright © Cloud'N'Sci Ltd 2011 12
- 13. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ The Algorithms-as-a-Service Ecosystem Customer owns the data and pays for using the application and data refining services. Algorithm Architect Business Application Developer responds for the integrates algorithmic overall functionality, power into business documentation and customer support Application applications INPUT DATA OUTPUT DATA Algorithm Architecture SOLUTION-SPECIFIC CONFIGURATION FILES Cloud’N’Sci provides data Config 1 Config 2 Config 3 refining solutions as a service, hosts Output 1 Output 2 Output 3 Input 1 Input 2 Input 3 the algorithms, Algorithm Algorithm Algorithm helps in contract Module 1 Module 2 Module 3 negotiations and takes care of the money flow Algorithm Developers create, maintain and own their modules Copyright © Cloud'N'Sci Ltd 2011 13
- 14. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ Elements of Growth Each application has multiple customers End Users Algorithmic solutions can be used in multiple applications Algorithm modules can Applications be used in multiple algorithm architectures INPUT DATA OUTPUT DATA Algorithm Architecture SOLUTION-SPECIFIC CONFIGURATION FILES Config 1 Config 2 Config 3 Output 1 Output 2 Output 3 Input 1 Input 2 Input 3 Algorithm Algorithm Algorithm Module 1 Module 2 Module 3 Cloud’N’Sci really scaled up my algorithm business! Thanks! Copyright © Cloud'N'Sci Ltd 2011 14
- 15. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ Algorithms Wanted ! Pilot Customers & Applications Cloud’N’Sci.fi NxM Event Time Complex Sensor Vector Images Table Sequence Series Graph Data Graphics Pattern Clustering Optimization Complex Data Image Mining Algorithms Algorithms Visualization Processing etc... Interested? Register yourself as an Algorithm Provider at http://cloudnsci.fi Copyright © Cloud'N'Sci Ltd 2011 15
- 16. CLOUD ’ .fi Algorithms-as-a-Service cloudnsci.fi N’ Copyright © Cloud'N'Sci Ltd 2011 16