Banner

CURRENT ISSUE

KCB_May.jpg

2013 KC OPTIONS

Options2013

SIGNATURE EVENTS

dea-program-logo
iw logo

rs logo

tc logo

Home » BUSINESS » KCBCentral.com: Social Web Revolutionary

KCBCentral.com

Weclome to your online resource of Insight, Innovation and Inspiration for the readers of KC Business

KCBCentral.com: Social Web Revolutionary

Innovator May12STORY BY Fred Bauters
PHOTO BY Gary Rohman

Sitting on a pillow while staring at a wall. Meticulously dusting triceratops fossils. Gazing at celestial bodies. Tending to his garden. Building a fully functional R2D2. These are fragments of time used to focus Rich Neal’s teeming mind.

Seventy-two hours without a wink of sleep is commonplace for the insomnious founder and CIO of Temetic Research, but he’s put the problem to work, spending his nights building algorithms to solve what he describes as the “online hive mind”—what people are talking about, why something becomes viral, what’s the susceptibility of that message.

“We’re getting true contextual meaning,” Neal says. Temetic’s new social intelligence product, PACE (perception, action, change, element), breaks the mold of social Web metrics that target general sentiment and buzz. It sifts through public information passed around by roughly two billion people worldwide—on the social Web, news media, consumer review sites, blogs and more—to provide companies with the ability to track, manage and interact with what is being said about them.

Businesses are then able to streamline their relationship with endless conversations on the wide-open Web by creating a customized set of indices and platforms to track and initiate alert systems and artificial intelligence to respond in a timely, appropriate fashion. “Businesses have left themselves exposed when they don’t answer the ‘why?’” Neal says. “PACE takes out the need for humans without it being robotic.”

It’s difficult to summarize the breadth of what Temetic and PACE provide, but that’s for good reason. Neal spent five years crafting the solutions and more than a decade working as a consultant on Wall Street and with Microsoft. His associate’s degree in psychology, along with his Master of Science and MBA degrees, create the perfect amalgamation to understand human interaction, build a system to measure it and maintain a successful business.

His passion for the digital sociology and science that is behind Temetic’s resources has opened the door for a revolution in the way that online social intelligence is understood. “Lock me in a cave and give me a whiteboard,” he says. He’s become an extrovert for business reasons but believes strongly in the theory that solitary leaders are more successful. “We’ve lost a way to be with one’s self.”

That singular focus has translated to the product. He began building Temetic in 2008 and has since declined offers from three venture capital firms, one of which was from Silicon Valley. “I did not make any friends with that decision,” he says. “I wasn’t going to enslave myself to a venture capitalist. No. 1, because I’m weird, and  No. 2, because this has been bootstrapped by me. My idea of freedom does not include them.”

Excitement has soared at the company as all the beta users of PACE have remained for the polished product, which went live this year in January. Neal is forecasting revenue of $200,000 per month by the end of the year, with clients in industries including agriculture and automotive. But there is plenty of value for small businesses—PACE can be molded to match any need.

Temetic’s solutions have even attracted the government. Intelligence Advanced Research Projects Activity, a research agency under the Director of National Intelligence, is eyeing a custom version of Neal’s concoction to act as a terrorism warning system, highlighting the limitless value companies could reap. And Neal is ready, sitting on his pillow.

 

SEE MORE HERE!

 

You must be a KCMag.com registered user in order to post comments.
Please click the login button below to login or register to become a free member of our site. Thank you!

Once logged in, you may need to click here to reload this page and add a comment.

BUSINESS Is Better in KC

Updates from your KCB partners
  • Please share with your Kansas City friends: Women's Employment Network's free job fair is tomorrow from 2-5pm! Make sure to bring copies of your resume. (Men are welcome too!)
    2 days ago
Share to Facebook
Tweet this
Email this to a friend
Bookmark KCMag
Banner
Banner
Banner

All contents copyright ©2012 by Anthem Publishing Inc. All rights reserved. Reproduction or use in whole or in part of the contents, without the prior written permission of the publisher, is prohibited.
Kansas City Magazine is a trade name of Anthem Publishing Inc. All rights reserved.