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DataSynapse – Pay for Processing

While many hive computing projects involve volunteer or non-profit projects, DataSynapse is a for-profit startup targeting Wall Street’s huge data crunching needs. Every day securities brokers need to make quick decisions about pricing, risk assessment, and market conditions. There is plenty of data to support these decisions, but the typical brokerage lacks the computing muscle to deliver these complex analyses quickly. Some analyses can take up to 50 hours of processing time on a single computer. As a result, brokers often make critical decisions using limited data and seat-of-the-pants know how.


There's more on DataSynapse in Part 2 of CTOMentor's peer-to-peer white paper: Peer-to-Peer Computing and Business Networks: More Than Meets the Ear, Part 2 – How Are Businesses Using P2P? Part 2 is available at MindCrossing for a fee of $50. Part 1 - What is P2P? is available for free at CTOMentor.

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