1. Kaggle in 3 key offerings

Competitive Analytics

On Kaggle’s online platform companies can post data analysis challenges. The host provides all the necessary data and a description of the problem. Every challenge is assigned a prize pool and a deadline.

Using the power of their entire community of data scientists, Kaggle helps companies to anonymize data, design, frame and run a data competition as well ass integrate the winning model into their operations.

2. On which trends does this company focus?

• Crowdsourcing

• Open Source

• Big Data

• Connect with experts

Facts

• +140.000 data scientists (+100 countries) compete against each other on the platform,

• Price pools range from $0 to $1 million per challenge

• ‘Kaggle in Class’ hosts free projects for hundreds of universities around the globe.

Kaggle is an online platform where companies can post data analysis challenges for predictive modeling and analysis. In addition, the platform serves as a online community for statisticians and data miners from all over the world.

concept mapping by

www.kaggle.com

HQ Industry to learn from

Founded

Research & Eduction

2010

• Due to the openness of the challenges, it’s hard to cover sensitive datasets.

Private challenges, where every participant is background checked and subject to an NDA, are one of Kaggle’s solutions to this problem.

3. Does it bring people out of their comfort zone?

US

San Francisco, US

Why Innovative?

Key Info

Consulting Platform Ensemble Techniques

Kaggle is introducing big data into the energy industry, allowing E&P companies to increase production while minimizing costs. Ensemble techniques are more powerful than the standard univariate and multivariate approaches

Q316VV

1. How do they make money?Kaggle receives a “listening fee” for each competition posted on the platform plus a proportion of the prize money.

2. Other companies with similar business model.• http://topcoder.com • http://www.innocentive.com • http://quirky.com

3. Business Model characteristics• Online community competition • Crowdsourcing model

business model mapping by

Business Model

Kaggle is an online platform where companies can post data analysis challenges for predictive modeling and analysis. In addition, the platform serves as a online community for statisticians and data miners from all over the world.

IncIncHQHQ

Kaggle Data Scientist Winning model’sData Scientist Data Scientist

Kaggle Community

Connect withother experts

1Competition

IncIncIncInc

Company

Data Models

Raw Data + Challenge

5

Prize Money

Ownership

Winning model

Community Access Competition Platform

5

Kaggle Fee*

*Fixed fee plus a proportion of prize money

Exposure

Q316VV

business model mapping by

Kaggle is an online platform where companies can post data analysis challenges for predictive modeling and analysis. In addition, the platform serves as a online community for statisticians and data miners from all over the world.

Liked it? We got more for you!

DOWNLOAD OUR FREE +50 BUSINESS MODEL EXAMPLES

info.boardofinnovation.com/50-business-model-examples