AI, Big Data and Cloud Computing Are Key to the Future, BlueRun Ventures Partner Says

#AI , #bigdata and #cloudcomputing  Are Key to the Future, BlueRun Ventures Partner Says

  • There will be no Big Data without cloud computing, and no AI without Big Data, said Zhu said, who always stresses to entrepreneurs that AI is not a hot sector they should pile into, but only a label for companies.
  • AI, Big Data and Cloud Computing Are Key to the Future, BlueRun Ventures Partner Says
  • For Big Data sectors, what this company is hunting for are companies able to profit and collect data at the same time.
  • (Yicai Global) Jan. 24 — Any new business connections including healthcare, finance, retail, manufacturing and the service industry will need to be developed jointly with artificial intelligence, Big Data and cloud computing — the keys to the future, according to a venture capitalist in China.
  • The core value of investors is to present the future trend and give risk warnings to entrepreneurs, so as to help them manage risks.

(Yicai Global) Jan. 24 — Any new business connections including healthcare, finance, retail, manufacturing and the service industry will need to be developed jointly with artificial intelligence, Big Data and cloud computing — the keys to the future, according to a venture capitalist in China.


@yicaichina: #AI , #bigdata and #cloudcomputing Are Key to the Future, BlueRun Ventures Partner Says

(Yicai Global) Jan. 24 — Any new business connections including healthcare, finance, retail, manufacturing and the service industry will need to be developed jointly with artificial intelligence, Big Data and cloud computing — the keys to the future, according to a venture capitalist in China.

To deal with AI it is necessary to set steps in Big Data first, Terry Zhu, a partner at BlueRun Ventures, an early stage venture capital firm based in Menlo Park, California, said in an interview with Tech.qq.com. For Big Data sectors, what this company is hunting for are companies able to profit and collect data at the same time.

There will be no Big Data without cloud computing, and no AI without Big Data, said Zhu said, who always stresses to entrepreneurs that AI is not a hot sector they should pile into, but only a label for companies. What entrepreneurs should pay attention to is the new-generation high-level computing capacity brought by chips, algorithms, and innovative engineering. Entrepreneurs should work out solutions to practical scenarios with pain points, and it is necessary to have target audiences willing to pay for it.

Taking Huiying Medical Technology Inc. invested by BlueRun Ventures as an example, Zhu noted that this Beijing-based firm offers medical imaging cloud storage to hospitals, and thereby obtains basic data. Besides, hospitals are also willing to pay for this service.

Zhu noted that on this basis Huiying Medical will also combine the Big Data model and deep learning capacity, so as to help doctors identify and interpret medical imaging and improve their diagnoses. All the AI scenarios of various industries in the future will follow this model.

He said that the key to this business is whether entrepreneurs can collect adequate data and spot applicable scenarios for the data from unmet demands and pain points in industries, and then build up their own pricing capacity.

As for his own investment styles, Zhu said he prefers to serve as a guide standing by entrepreneurs. In his view, the core value of investors is to present the future trend and give risk warnings to entrepreneurs, so as to help them manage risks. But the decision-making power still rests with entrepreneurs themselves.

AI, Big Data and Cloud Computing Are Key to the Future, BlueRun Ventures Partner Says