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Google Ventures Bets on Big Data

Quentin Hardy from the New York Times writes that Google’s Venture Capital arm is building an internal data sciences team that is at the center of its investment philosophy.

It should not be too surprising that a Google-created entity should have this bent. Google, along with Web pioneers like Yahoo and Amazon, was crucial to the creation of the emerging Big Data industry. By tracking things like consumer clicks and the behavior of thousands of computer servers working together, they amassed large volumes of data at a time when collapsing prices for data storage made it attractive to analyze. They also captured information from nontraditional sources, like e-mail, leading them to create so-called “unstructured” database software like Hadoop and MapReduce. Versions of those are now used to store and analyze other kinds of data.

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