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<strong>The</strong> whole thing requires substantial set-up, a process that began three years ago and<br />

is continuing now as Medstory adds new fields relating to particular kinds of cancer<br />

and o<strong>the</strong>r conditions. <strong>The</strong> <strong>com</strong>pany has a set of tools and domain-specific models<br />

that make <strong>the</strong> process of adding new fields semi-automatic; <strong>the</strong> search and structuring<br />

functions <strong>the</strong>mselves are fully automated. In short, it requires a fair amount of<br />

human intervention to set things up, but <strong>the</strong>n <strong>the</strong> software runs through new data<br />

automatically. “We still need people to do this,” says Rappaport. “But using our tools,<br />

we can go through data in an afternoon that would likely take a year with a person.<br />

We’re doing tasks that would o<strong>the</strong>rwise never get done. Our hubs act like dynamically<br />

changing lenses to help <strong>the</strong> users focus <strong>the</strong>ir search and solve <strong>the</strong>ir problems.”<br />

Fields it has covered so far include breast cancer, hepatitis C, arthritis, hospital infections,<br />

obesity, insulin resistance, type 2 diabetes and certain targeted cancer treatments.<br />

That is, <strong>the</strong> system now knows enough to interpret articles about developments<br />

in <strong>the</strong>se fields intelligently. <strong>The</strong> software “knows” what drugs and disease<br />

mechanisms and <strong>the</strong>rapies and conditions are, how <strong>the</strong>y interact, and who <strong>the</strong> relevant<br />

people and organizations are. It can find all <strong>the</strong> recent documents that discuss<br />

drugs that seem to retard <strong>the</strong> development of cancer, whe<strong>the</strong>r <strong>the</strong>y were being tested<br />

for that feature or not. That’s a useful capability: Viagra was a failure for its original<br />

purpose of reducing angina, but some clever scientists caught a curious side effect....<br />

Arkady Volozh, Yandex: Doing no evil in Russia<br />

(DISCLOSURE: ESTHER DYSON IS AN INVESTOR.)<br />

Russia is one of very few markets where Google does not hold <strong>the</strong> largest market<br />

share; a 12-year-old start-up called Yandex leads with about half <strong>the</strong> traffic vs. No. 2ranked<br />

Rambler with about 25 percent. Google <strong>com</strong>es in third at a little under 15<br />

percent. Yandex offers an e-mail service with a variety of enhancements and spam<br />

filtering, shopping goods listings, automatically clustered and annotated news, blog<br />

search, a <strong>Web</strong> page-hosting service and a variety of o<strong>the</strong>r services, most of which are<br />

free. Imagine Yahoo! plus Google, but for a market of only about 20 million people<br />

online. Yandex has a do-no-evil reputation in Russia, but it has a much broader<br />

range of services and a more <strong>com</strong>mercial feel than Google. . .though, like Google’s,<br />

its search results are sacrosanct and untainted by <strong>com</strong>mercial considerations.<br />

Although <strong>the</strong> market is smaller, <strong>the</strong>re is also less <strong>com</strong>petition than in <strong>the</strong> US. While<br />

Russian techies are often techier, <strong>the</strong> consumers are often less sophisticated than in<br />

<strong>the</strong> US, making for interesting marketing challenges. That is, advertising in Russia is<br />

only a few years older than online advertising.<br />

MARCH 2005 RELEASE 1.0 51

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