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Webinar: Update from the CEO

Posted by Jess Lin

03.02.2014 10:00 AM

Thank you to everyone who was able to join our webinar last Wednesday! We’ve experienced remarkable interest in the work we’re doing along with incredible growth in 2013 (more on that later!).  Michael Schmidt, Founder and CEO of Nutonian, shared several of our key performance metrics, specifically customer growth, community forum traction / participation, # of searches, and # of models being calculated per second.  Additionally, Michael shared several customer use case examples as well as a sneak peek at our latest product in development.

With only 30 minutes time we weren’t able to respond to all of your submitted questions; however, below is the Q&A from the most commonly asked questions.  If you have any other questions for Michael, please visit our user forums and post your question there!

Q: What are the challenges you see for Nutonian in the future?
MS: We have a powerful product that has helped scientists make breakthroughs in their fields, but our biggest challenge is broadening the impact of our technology to a wider audience. We plan to address this by making Eureqa simple, intuitive to use, and automated for most workflows. The goal is to ultimately empower anyone to automatically find explanations and take action on their data.

Q: What is the vision of the team and company?
MS: The vision of Nutonian is to democratize data science for the masses. The effect of helping billions of people gain PhD level insight into the world around them will be revolutionary.

Q: Who do you see as the biggest competitor for Eureqa?
MS: Currently, our nearest and biggest competitor is manual analysis and human processes. In this day and age, it’s astonishing how many businesses I talk to that are still spending months of labor and millions of dollars on analyzing charts and dashboards, or even visualizations. The amount of data that people and businesses are gaining access to is staggering, and these processes simply can’t keep pace.

Q: What are the most promising improvements planned to be implemented in the future?
MS: During the webinar, we gave you a sneak peek at our upcoming product, Eureqa Enterprise. We took the power of the core Eureqa engine, and designed Enterprise to allow business users at all levels of comfort with data analysis to automatically pinpoint clear objective explanations of insights. This could become a game changer in increasing the speed of decision-making and optimization at businesses that are feeling overwhelmed by data.

Q: Are there any plans to include optimization in the future?
MS: Absolutely. In Eureqa, finding the simplest possible explanation for your data means that optimization becomes incredibly powerful– the analytical result enables simulations, design of experiments, and interaction. In the Eureqa Enterprise product, we’re actively working on guiding optimization and recommendations from the latest data available; providing a playbook for actions and outcomes. Providing this playbook also enables a meta-analysis on what was discovered and improved over time.

Q: Where can I find videos or instructions for using Eureqa?
JL: We have lots of videos and documentation online! Visit http://formulize.nutonian.com/documentation/eureqa/ to find user guides, tutorials, videos, and more. We’ve also posted numerous walkthroughs using Eureqa on real world data – find them here.

 

Watch a recording of the webinar here »

Jess

Topics: Announcement, Webinar

Nutonian Gives Back

Posted by Matt Fleming

10.12.2013 10:37 AM

Everyone at Nutonian is thrilled to announce the launch of a free academic license program for Eureqa.  The program formally makes the Eureqa desktop software free for students, faculty and staff at K-12 schools and accredited universities.  

With over 40,000 unique users to date, Eureqa has already been cited in 90 independent, peer-reviewed research journals and papers, and has been used at over 400 schools and universities worldwide.  This program promises to offer those in academia a powerful, free tool for quickly gaining understanding from data collected during research.

“Our research is focused on developing a more accurate model of the propagation of Space Weather Storms through the universe,” explained Dr. Roger Dube, Research Professor at the Chester F. Carlson Center for Imaging Science at RIT. “Accurate models are essential for us to alert astronauts to dangerous streams of particles and radiation so that they can take appropriate precautions. As scientists, we’d like to think that we could formulate mathematical models that completely describe the interaction of these storms as they travel through space, but in fact, we are often surprised by how the real world works. Eureqa’s value is that it can create descriptive models of these very complex systems in a fast, systematic way without any preconceived notion of the parameters and how they interact.  In the case of our own research, Eureqa may literally be a lifesaver.”

For more information on the Eureqa academic license program, please visit the press release.

-Matt

Topics: Announcement, company, Eureqa, nutonian

Nutonian Raises $4M in Series A Funding

Posted by Jess Lin

23.10.2013 10:56 AM

We’re incredibly excited to announce that Nutonian has raised a $4M Series A round led by Atlas Venture. The funds will be used to further develop and commercialize Eureqa, the platform behind Nutonian. As Eureqa continues to advance, we are able to help you, our users, solve even more of your challenges. Eureqa’s breakthrough technology in Symbolic Regression has already helped thousands of researchers answer some of their most challenging questions, and with this funding we can continue to bring our technology to more people and challenges.

“In a staggeringly complex world, it is impossible for the human mind alone to make precise predictions about what will happen and why it will happen,” said Michael Schmidt, Nutonian founder and CEO. “We created Eureqa to uncover the underlying truth from seeming chaos. Its application in the business world and the value it can bring is exciting and we are very fortunate to have investors who share in that confidence and vision.” Forbes magazine recently declared Schmidt one of “The World’s 7 Most Powerful Data Scientists”.

Eureqa Desktop

For more information, see Gigaom’s recent article discussing the funding or our press release.

– Jess

Topics: Announcement

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