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TRECC COLLABORATOR'S DATA TECHNOLOGY BROUGHT TO MARKETPLACE Data mining and data analysis technology developed at the National Center for Supercomputing Applications (NCSA) by a TRECC partner are being brought to the marketplace by an Illinois-based start-up company, RiverGlass, Inc. RiverGlass's technologies are the brainchild of Michael Welge. A longtime collaborator with TRECC on several data-intensive projects, Welge is the company's founder and chief scientist as well as the head of NCSA's Automated Learning Group. These tools enable users to extract meaning from massive amounts of data of diverse types by searching for patterns, making predictions, identifying unusual features, optimizing complex problems, and visualizing the results. "We are helping organizations change how they use data to manage risks, explore new opportunities and make informed decisions," said Kirk Dauksavage, RiverGlass CEO. "We have a unique product that allows our customers to view and manipulate data from a multitude of real-time data streams. The end result is that they are able to make the best decisions possible and to be proactive in dealing with problems because they are better informed; they are basing their decisions on the most up-to-the minute data." Among the markets RiverGlass is targeting are law enforcement, homeland security, financial services, market intelligence, and network security. A counterterrorism analyst, for example, sifts through massive amounts of data each day, including Web-based information, email messages, police reports, travel records, and news wire reports. Using the RiverGlass streaming data mining system, the analyst is able to bring these disparate data streams together in an easy-to-use intelligent desktop, which can then categorize the data, extract content, and find key relationships among data from different sources. New relationships that might've taken months to find can be pinpointed in real time, and potential terrorist threats can be thwarted at an early stage. In December 2004, the company secured funding from IllinoisVENTURES, Waypoint Ventures, and the Illinois Finance Authority. The new investments are in addition to an early round of funding from IllinoisVENTURES last summer and will allow RiverGlass to recruit new talent and further develop its streaming data mining products, said Dauksavage, the former vice president for sales of the i-Solutions division of CheckFree Corporation and RiverGlass CEO since April 2004. In addition to an office at Enterprise Works, UIUC's business incubator in Champaign, RiverGlass currently makes use of TRECC's facility at the DuPage Flight Center in West Chicago. "Our facility is located strategically in order to better serve the commercialization efforts of such University of Illinois spinouts as RiverGlass," says Shalini Dewan, commercialization expert at TRECC. "Not only does this benefit U of I researchers and their fledgling companies, but it also contributes to the economic development of the communities they serve." For more on RiverGlass, go to http://www.riverglassinc.com/. NCSA™ (National Center for Supercomputing Applications) is a national high-performance computing center that develops and deploys cutting-edge computing, networking and information technologies. Located at the University of Illinois at Urbana-Champaign, NCSA is funded by the National Science Foundation. Additional support comes from the state of Illinois, the University of Illinois, private sector partners and other federal agencies. For more information, see http://www.ncsa.uiuc.edu/. Return to March 2005 Newslink Table of Contents
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