New company uses Internet to predict the future

Using information trawled from the internet using websites, Twiiter, blogs etc. this new start up company suggests that it can predict the future. With backing from the CIA and Google perhaps they are onto something – Deskarati

New company 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.

In a white paper describing the underlying philosophy and overall system architecture of Recorded Future the company says that a comparison with traditional search engines is inevitable, but that search is only one aspect of its temporal analytics engine.

So how is this type of analysis supposed to predict the future? In addition to extracting event and entity references, Recorded Future also analyzes the “time and space dimension” of documents – references to when and where an event has taken place, or even when and where it will take place – since many documents actually refer to events expected to take place in the future. A company’s plans to open a production plant in a particular country in the next two years, for example.

This time and space analysis by aggregating weighted opinions about the likely timing of future events is the first way in which Recorded Future says it makes predictions about the future. Additionally, the company says it can also use statistical models to predict future happenings based on historical records of chains of events of similar kinds.

via New startup uses Internet to predict the future.

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