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On behalf of Aster Data,
we’re very delighted to be named |
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one of the 2011 Technology Pioneers
by the World Economic Forum. |
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When I think back starting the company
five years ago, myself and my co-founders, |
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all we had was great ideas
and a strong vision. |
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So being here now five years later,
receiving such a prestigious award |
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by the World Economic Forum
is a great recognition of our vision |
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and it’s a great recognition of the goals
we had the last five years. |
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Aster Data’s goal is to help enterprises
analyze all their data |
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in a very, very deep
and very unique way. |
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The way we do this
is by combining two systems |
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that in the past were very different. |
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The first is a system that can store
and manage data |
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and the second is a system that can
help run analytical applications. |
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So by getting a system
that can manage data |
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and run applications within, run
applications in the same infrastructure, |
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we can come up with data analytics that
access much more data in a much deeper way. |
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So I was born and raised in Greece and
I moved to the US about eight years ago. |
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and one of the reasons I did it is that
the United States offers a great environment |
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both to gain
a lot of academic knowledge |
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and to start a new enterprise
in the high technology domain. |
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Silicon Valley is a very unique place |
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and it’s almost the ideal place
to start a new business |
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and this is not only because
there's a lot of funding, |
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it’s easier to get funding
for your company if you're here. |
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There's a lot of venture capital
and also there's a lot of people |
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that are familiar with starting
new companies |
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as much is there to get advice
and to get help |
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especially if you're
a young entrepreneur. |
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So all these things are very important
but what's even more important |
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is the Silicon Valley culture. |
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Everybody here believes in new ideas
and believes in young people |
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with passion making
the difference at the global scale. |
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I think a very interesting question
is what makes an innovator. |
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and there are a lot of
philosophical debates there |
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but in my opinion
there are two basic components. |
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The first basic component is passion. |
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Every big success,
it looks great on the outside |
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but in reality there were
a lot of challenges |
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that had to be overcome
for the big success to be a reality. |
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So being an innovator requires passion
because passion |
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is what gets you through
a lot of challenges, |
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it’s what gives you power to try harder
and harder and make your vision a reality. |
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The other thing that’s very important
about an innovator is having the ideas |
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and having – believing
that you can change the world. |
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One of the things that fascinate me is when
I think what are all the different ways |
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that Aster Data contributes
to improving the world. |
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If you think about it, at the heart of what
we’re doing is we’re helping the people, |
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enterprises be smarter
by analyzing data. |
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and there are really so many
different applications |
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where data insights
can make the world a better place. |
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Because companies
can analyze all of their data, |
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we can help them prevent fraud
or reduce crime like money laundering |
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but in addition there are a lot of very
interesting scientific applications |
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of large scale big data analytics. |
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For instance, the bioinformatics
field which tries to create new drugs |
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and cure diseases
by analyzing a lot of data |
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and learning the information
that we have about humans, |
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human…, etc requires analyzing
very large amounts of data |
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to extract these insights that will help
drug creation rf improving the lives |
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and reducing the disease in the world. |
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I do believe that in the 21st century,
being competitive will mean having |
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a lot insight about your customers,
about your operators. |
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and at the scale
where enterprises work today |
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where they're really truly
global operations, |
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we’re talking about tens or hundreds
of millions of consumers and customers, |
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the only way to get really deep insights
into certain situations |
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is through data analytics,
through going and analyzing |
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every last bit of data you have from your
customers to extract interesting insights. |
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An interesting concept
is micro decisions. |
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In the past companies needed to make
a lot of decisions at the high level. |
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For example, they had to decide if they're
going to make a big acquisition or not. |
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But in today’s world it’s all about
making decisions that are related |
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to the individual consumer,
to the individual customer. |
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How do you make millions
of micro decisions? |
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The only way to do this
is through data analytics. |
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You really need to be able to collect
a lot of data that come |
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from all your customers and analyze
it so that you can really identify |
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and you can really understand
each individual customer |
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what’s good for them
and how you can make them happier, |
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how you can make them more loyal
customers of your products.
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