Courtesy of NY Times
Google Ventures, the independent venture capital
entity financed by Google, is building the internal data sciences
team that is at the center of its investment philosophy.
The latest hire, Hazem Adam Ghobarah, is, like many
others at the venture firm, a former Google employee. Mr. Ghobarah
spent six years at Google, most recently in the quantitative
research and modeling part of its advertising business. He will
look for investment opportunities in the data analysis business and
work with the firm's existing companies on ways they can gather and
make use of lots of information.
"This is part of an entire team we are assembling,"
said Bill Maris, the managing partner at Google Ventures. "We have
an internal quantitative team. Adam underlines the importance of
this."
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.
The ways in which Google analyzed Web traffic to
predict patterns are increasingly applied to other fields, as that
data moves online. Mr. Ghobarah believes that biology is an
increasingly attractive area.
"We keep coming back to life sciences" as an
investment field, he said. "In a given year, you have 200 million
pathology slides. If that gets online, it is a Big Data problem."
One Google Ventures company, called DNA Nexus,
uploads and analyzes genetic information. Part of the company's
edge is that it is able to store its ocean of data inside Google,
where it most likely takes little space in Google's data
centers.
Google Ventures, of course, is hardly the only
venture firm accelerating its Big Data business. Greylock Partners,
where LinkedIn's founder, Reid Hoffman, is a partner, has hired DJ
Patil, a former LinkedIn executive, as its data scientist in
residence.
Another firm, Andreessen Horowitz, has spread money
across several Internet sectors, including businesses like
Factual that support data science by
ensuring data quality.