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Imagine a group of people who have made their sole purpose of life to identify, validate and where required re-validate every fact in the world and bring all those facts together under a single roof WOLA you have FACTUAL.
A company founded by Gilad Elbaz plans to validate every fact in this world and make it available to anyone who is ready to pay for that information.
Gilad Elbaz – Founder of Factual:
FACTUAL was founded by Gilad Elbaz who was born in Washington D.C and grew up in Ohio, Texas and Florida. his father was born in Morocco and grew up in Israel.
What is Factual?
Facutal’s plan is to build the world’s chief reference pint for thousands of interconnected supercomputing clouds. the digital world is expected to hold a collective 2.7 zettabytes of data by year-end, an amount roughly equivalent to 700 billion DVDs. Factual, which now has 50 employees, could prove immensely valuable as this world grew and these databases begin to interact.
What is the Use of FACTUAL?
Some current uses are for adding information like restaurant locations to cell phones maps, or for planning sales campaigns. But more broadly, Factual is meant for the heart of a great business: using all the could-based data and algorithms to find pattern in nature and society, for scientists to observe and businesses to exploit.
How Factual Plans to Make Money?
FACTUAL sells data to corporations and independent software developers based on how much the information is used. Small data feeds for things like prototypes are free; contracts with its biggest customers run into millions of dollars.