Aug 3, 2010

New startup uses Internet to predict the future

There’s no doubt that most people would like to know the future. It’s a desire that has kept palm readers, astrologists and tealeaf readers in business for hundreds of years. Now there’s a company called Recorded Future that says it can use information scoured from tens of thousands of websites, blogs and Twitter accounts to predict the future. And before you laugh, it’s got some heavyweight backers including Google and the CIA.

Recorded Future uses the term “temporal analytics” to describe what it does. It extracts information including entities, events and the time that these events occur from the thousands of news publications, blogs, niche sources, trade publications, government web sites, financial databases and more that the company continually scans. Using this information the company says it is able to find the relationships between people, organizations, actions and incidents, not only in the past and present, but also in the future.


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