“The cost and ability to store tons of data is, is so prevalent both in consumer and enterprise companies that I think oftentimes you end up in this kind of data obesity state where you start storing data for reasons you don't even know why you're storing it.”
quote is from the automated transcript, cleaned for reading:
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More from Mike Abbott
PredictionNot checkable as stated
Big tech companies, not startups, will drive machine learning innovations
“I think we're gonna probably be seeing innovations from those types of companies, ah, before startups.”
Mike AbbottOct 16, 2014▶ 18:53Mike Abbott, KPCB // Data Driven #30 // Oct 2014 (Hosted by FirstMark Capital)
PredictionNot checkable as stated
Data analytics startups will eventually dislodge incumbents like SAS
“I do think that the incumbent players like SAS I mean, I think over time will hopefully be dislodged by, you know, some number of startups.”
Mike AbbottOct 16, 2014▶ 12:26Mike Abbott, KPCB // Data Driven #30 // Oct 2014 (Hosted by FirstMark Capital)
AssertionSupported
Kleiner Perkins' largest investment check ever was into Twitter
“The largest check that the KP's ever written was in the Twitter.”
Mike AbbottOct 16, 2014▶ 2:34Mike Abbott, KPCB // Data Driven #30 // Oct 2014 (Hosted by FirstMark Capital)
PredictionNot checkable as stated
Large enterprise companies will eventually move production workloads onto Hadoop
“I think it will happen.”
Mike AbbottOct 16, 2014▶ 4:01Mike Abbott, KPCB // Data Driven #30 // Oct 2014 (Hosted by FirstMark Capital)
AssertionSupported
Kaggle competition winners rely primarily on feature engineering and algorithm ensembles
“If you look at, you know, who wins most of the Kaggle competitions, it tends to be, you know, combinations of ensembles of different algorithms, but it's really the feature engineering.”
Mike AbbottOct 16, 2014▶ 5:03Mike Abbott, KPCB // Data Driven #30 // Oct 2014 (Hosted by FirstMark Capital)
AssertionNot checkable as stated
US government intelligence agencies were using big data software in 2004
“We had three-letter agencies using our software 10 years ago, like, plus, and they certainly had more than big data, so it's not new.”
Mike AbbottOct 16, 2014▶ 7:28Mike Abbott, KPCB // Data Driven #30 // Oct 2014 (Hosted by FirstMark Capital)
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