Summary
Richard Wong, partner with big US venture capital firm Accel, says of the "modern day gold rush" in Silicon Valley: "What's fascinating about the Valley is every 10 years it changes...
"So, every 5 -10 years it's pretty exciting that there's another generation of transformative fundamental technology companies that have been created here."
Description
The competitive nature of Kaggle and the fact that it draws in experts from a variety of disciplines makes it a powerful tool for solving problems that have stumped science agencies like NASA for years, such as when a British glaciologist came up with the most effective algorithm for mapping dark matter in the universe.
A health care provider used Kaggle to develop a formula to help predict which patients would go to hospital in the next year, while a bank used Kaggle to predict which customers would default on loans.