Somewhere during the conversation, a friend asked how Intel obtains research data concerning markets they intend to enter. The response was that they paid several research companies “millions of dollars” to come by it, and even though the data wasn’t as accurate as they’d love it to be, it was good enough to establish trends, which is useful enough for them.
We asked if they’d be willing to share that data with us, seeing as we don’t have “millions of dollars” to spare. Can you guess what they said? You guessed right! We were let down with a very subtle NO.
Of course, other tech companies (telcos & ISPs) who have access to this data are either not willing to share it or are not mining it.
A few days later Bosun calls me aside and clues me in on an idea he’d been turning around in his head for sometime now. It was a practical attempt at solving the problem I’ve just described – how the average digital entrepreneur can gain access to market data that helps them make informed business decisions. If the heavyweights wouldn’t share their data repos with us, why couldn’t we just build our own?
And that is exactly what we did. A small commando development team was formed — CLiveUA, Udezekene, Emotu Balogun, Bosun and Myself — and we got to work. Within days, we had a working prototype. Today, the project is live, operational, receiving and processing data. And we’re calling it OpenApps