By Trevor Baca, VP Software Engineering.
Jack and I hit Monterey last week for the Red Herring 100 and some good weather.
Red Herring is one of the leading technology and VC mags (both online and in print) and they've run the Red Herring 100 for some years now as a way of recognizing important and emerging technologies.
With four separate presentation tracks running simultaneously, you really have to pick company overviews carefully. Vitali Khvatkov gave an overview of Simagis and the company's image analysis technolgies; think Excel for image analysis. Greg Drew went through the
Web Trends product portfolio and spent some time on the importance of analytics technologies for understanding site
visitors and not just site *visits*. Greg's thinking on the importance of the visitor resonates with
Kelly Goto's take two weeks ago at O'Reilly's Web 2.0 expo on the need for designers and UI folk to go beyond traditional user profiling to behavioral and even lifestyle profiling.
And for a good example of a new off-Web technology there's
Recordant. Christopher Demetree introduced the company and the "moment-of-truth intelligence" (or MOTI) technologies which underlie the company's technology. Here's how it works. You're a regional manager for a series of retail stores on the west coast. You want real data on the effectiveness of the salesperson / customer interaction at all 20 or 30 of the stores in your region but, of course, you can't be everywhere at once. So right now you rely on whatever your store managers tell you (which is anecdotal instead of quantitative). You partner with Recordant and get small digital recording devices (slickly designed to look a bit like the smaller iPods) for the salespeople in each of your stores. Your salesforce wear the Recordant devices around their necks while they're on the floor and hundreds of hours of direct salesperson / customer digital audio result. Recordant then vend some speech analytics software to help you see into the audio data and help you figure out whether your salespeople are, for example, following some new sales skit on the floor.
Chris's presentation helps make the point that the Red Herring 100 this year covered a good mix of Web, communications, CRM, and conventional retail start-ups. And throw in Steve Bollinger's presentation on
Pervasis for an example of where biotech may be heading. Pervasis addresses an unmet need in treatment for vascular injury in the form of Vascugel, a type of external suturing patch to be applied external to injured portions of the circulatory system and help reestablish a healthy vascular system. And, according to Bollinger, stage I and II trials have been remarkably successful.
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