Tuesday, May 4, 2010

Can You Index the Future?



Have you ever been freaked out by those auto completes when doing a Google Search? You start typing and Woah! Google knows what I am looking for… freaky! Ok no its not really that freaky and no they don’t “really” know what you are thinking about looking for, they just know what other people have searched for that looks a little bit like what you are typing. Google cannot tell the future, until now!.. well kinda

Google recently invested in a company called Recorded Future, who attempt to use massive amounts of data to tell the future. This type of prediction technology is handy to people that want to know what the various complex markets are going to do in the future, so that investors and business types can make lots of money, well they can make lots of money if they are correct. The theory is that by analyzing massive amounts of data that is currently available a picture of where things are going will emerge. It is suspected that the predictions will be about as accurate as say a weather report, what I would be interested to know is, is it as accurate as a weather prediction for Boston, or a prediction for Phoenix Arizona.

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