Posts Tagged ‘Tagasauris’

Universities Put Cash Towards Helping HomeGrown Tech Startups Along

Image Photo Courtesy Flickr/401(K) 2012

Universities play an important role in advancing the technology ecosystem, semantic technology included. Look for starters at work done at The Tetherless World Constellation at Rensselaer Polytechnic Institute, Wright State University’s Kno.e.sis Ohio Center of Excellence in Knowledge-enabled Computing, MIT, and the Digital Enterprise Research Institute located at the National University of Ireland, Galway.

In addition to driving technology ever forward, institutions like these and others also provide a home for incubating good ideas that could become good businesses. Music discovery service Seevl and the enterprise-focused SindiceTech are two examples of semantic spin-outs from DERI, for instance, while MIT Media Lab gave birth to commercial properties with semantic underpinnings including music intelligence platform The Echo Nest. The Kno.e.sis Center points work it’s doing in the commercial direction, too: Its LinkedIn profile description notes that its “work is predominantly multidisciplinary, and multi-institutional, often involving industry collaborations and significant systems developing, with an eye towards real-world impact, technology licensing, and commercialization.”

Given the projects with commercial prospects underway within their own houses, it would seem there’s opportunity for universities themselves to look for even more ways to contribute to that success. And that’s just what the University of Minnesota is doing: This week it said that it’s launching a $20 million seed fund over a ten-year timeframe to support the innovative ideas to which its campus plays host.

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Tagging the Visual Web: Visual Media Doesn’t Have To Be Dumb Anymore

Instagram. Tumblr. Pinterest. The web in 2012 is a tremendously visual place, and yet, “visual media still as dumb today as it was 20 years ago,” says Todd Carter, founder and CEO of Tagasauris.

It doesn’t have to be that way, and Tagasauris has put its money on changing the state of things.

Why is dumb visual media a problem, especially at the enterprise-level? Visual media, in its highly un-optimized state, hasn’t been thought of in the same way that companies think about how making other forms of data more meaningful and reasonable can impact their business processes. A computer’s ability to assess image color, pattern and texture isn’t highly useful in the marketplace, and as a result visual media has “just been outside the realm of normal publishing processes, normal workflow processes,” Carter says. Therefore, what so many organizations – big media companies, photo agencies, and so on –  would rightly acknowledge to be their treasure troves of images don’t yield anywhere near the economic value that they can.

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Battling the Deluge of Data

James Grundvig of the Huffington Post recently interviewed Tagasauris CEO Todd Carter regarding Big Data. Grundvig begins, “The deluge of big data pitted against the diminishing returns of time is the greatest challenge consumers and businesses face today. To sift through the ocean of data in a fast, seamless way will become the next evolutionary step in social media. It’s easy to collect data in a warehouse, but difficult to pull the integral data that can be accessed, analyzed, and acted upon. Without the ability to filter out the background noise of information, efficiency gains won’t be realized and opportunities will be missed. And that could be something as simple as people’s time.” Read more