Harnessing Innovation: The Power of a Proprietary Data Base

Words by Carlos Pichardo

 

This is the third and final blog in our series on Unveiling Strategic Networks, check out the first two here and here.

Comprehensive. Targeted. Quick. Those are the characteristics that make yet2’s proprietary database amongst the world’s finest for technology scouting and solution providing.

A new breakthrough in our technology has revolutionized the way we organize, search for, and leverage information. With our database’s scope and advanced capabilities, yet2 is setting new standards in data accessibility and search efficiency.

 

All Bases Covered

Our database features over 3 million data points. It is the sum of yet2’s 25 years of OI and technology scouting, public databases such as the FDA’s and Canada Health’s, and privately compiled databases such as our database of 5000+ CMOs/Toll Manufacturers and 1000+ graduates of the top global VCs and accelerators.

This means we have access to data not found on the web, but instead gathered through our relationships and networks offline. With that much information, comprehensive might be an understatement.

 

Custom Fit for Custom Clients

yet2’s database is built to support our scouting and consulting. We have a target and we’re going to hit it. With over 3 million (and growing) data points, poring over list after list would be terribly inefficient. That’s the reason we’ve programmed 140+ stackable fields to narrow down searches so yet2 can pinpoint exactly what it needs.

This technology is at the cutting edge of machine learning and AI analytics and has greatly improved our ability to achieve quick turnarounds for our clients so they can stay ahead of their competitors.

 

Tailored Insights: Maximizing Search Relevance

A particularly significant feature is the way we score search results. Search results are weighted according to a custom formula set out by yet2, ensuring we receive the most pertinent information for their needs. By placing the most relevant data at the top, this function enhances the speed and effectiveness of the search process helping us give the best solutions to our clients quickly.

This also helps in fulfilling large-scope scouting. Clients are often more interested in understanding the landscape of innovators and identifying key representative companies than in having an exhaustive list of all available companies.

Leveraging this feature, we can focus on finding a variety of solutions, streamlining the decision-making process. A great example of this principle is yet2’s recent work with a leading player in the aeronautics industry.

 

Case Study: Identifying Cognitive Solutions with Precision and Speed

Recently, yet2 had the opportunity to deploy our database for a prominent aeronautics client working on a project to identify cognitive assessment tools for in-mission use. The project required a broad search, encompassing both traditional computerized assessments and emerging technologies, with a one-month turnaround.

Leveraging our database, we accessed highly relevant data from key regulatory databases like the FDA, Health Canada, and TGA, as well as grant data from SBIR, Innovate UK, and our internal databases within minutes.

The outcome was a resounding success. Our search yielded a broader scope than anticipated, uncovering technologies such as digital cognitive assessments, wearables, and eye-tracking solutions amongst others. These solutions ranged from high Technology Readiness Levels (TRL) to under-development innovations.

The client was highly pleased with the comprehensive coverage of technology categories and the high-quality deliverables within the short timeframe.

 

Conclusion

yet2’s database is more than just a search tool; it’s a gateway to innovation. Whether you’re in pharma, consumer goods, food, agriculture, or any other industry, our database provides the resources and insights at your fingertips so you can stay ahead of the curve.

Our comprehensive databases, customizable search fields, and advanced AI analytics make it an indispensable tool for any organization looking to unlock new possibilities.

 

Image by FreePik