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Showing posts with label wayne bermudez. Show all posts
Showing posts with label wayne bermudez. Show all posts
Friday, August 2, 2013
Tuesday, July 30, 2013
The App That Knows Your Food Likes Better Than You Do
The App That Knows Your Food Likes Better Than You Do
By Adam Tanner
Two weeks ago I arrived late in the
day in Singapore after a long flight. I had not done much research about
restaurants in town, so I dropped off my bags and wandered to Club Street, a
hilly lane of restored traditional shop houses in Chinatown. Lively, attractive
restaurants lined the street. I randomly picked one place. It was pretty good
as well as expensive, as are many things in super modern Singapore. But I left
feeling I might have done better with a little more planning.
I thought about that meal after I learned about Nara Logics, a company that promises to find
restaurants that you love anywhere, based on your own preferences. The site
calls itself a “personal discovery engine,” which means it painlessly leads you
to restaurants based on the data you have entered into the site.
There plenty of apps to help you find a place to eat: Foursquare,
OpenTable, UrbanSpoon, Yelp. Nara claims it uses a new type of neural-network
algorithm to do the job better, using more sensitive analysis of your (and
everyone’s) picks and pans. To date it has made its money through
revenue-sharing deals with OpenTable ,
Uber and GrubHub. The service is opt-in only and Nara says it does not
share any data about its end users. The company started in 2010 and last
year raised $7 million from angel investors.
On Tuesday, the Cambridge, Mass. company
announced a deal to license its technology to Asia’s leading telecommunications
group,SingTel .
The deal, the first of its kind for Nara, marks the latest step in greater
personalization of the Internet. It also raises questions about how companies
will use the ever greater amount of personal data they are learning about us.
SingTel is
not disclosing details about how it will use Nara’s recommendation engine,
saying only that it will deploy first in Malaysia, then Australia and
Singapore, for restaurant recommendations. But Nara is planning to move beyond
dining into financial services and other commerce categories and sees SingTel
as a way to do that. SingTel has made a greater effort to buy and license
apps for its 468 million mobile customers than typical U.S. wireless carriers.
It even bought a mobile advertising business last year.
As more
people enter their likes and dislikes in Nara’s engine, the overall data
network will improve in its sensitivity. “An important component of Nara’s
engine is its ability to learn from all of its users across the platform,” Nara
CEO and founder Thomas Copeman said. “Eventually, all users across all
businesses that are powered by Nara can improve our knowledge
about both user tastes and preferences and related venues and entities.”
As its
sophistication grows, the service should be able to recognize national
differences in taste. For example, it would steer Brits and residents of its
former colonies toward restaurants that doled out the Marmite while
sparing Americans the unpleasant sensation of eating it for the first
time. “Over time, we believe that this could be an incredible hyper-local
value-add to SingTelGroup’s half a billion mobile customers,” said Loo
Cheng Chuan, head of SingTel’s Digital Life.
But blending
services into one huge personal profile may not go down well with those who
don’t like being data-profiled as they move around Asia and across multiple
apps. Nara sees itself more as part of the solution, not the problem. “Nara
provides a ‘privacy silo’ where the system can work and transact on the behalf
of the user,” Copeman said. “We almost imagine it as a personal anonymizing
avatar that acts on your behalf to gather information and act with the
internet, which is especially crucial given the growing number of services who
are dedicated to linking your transactions to your identity.”
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