karmadata® Launches Industry Data Platform and API at Data 2.0 Summit

Founded by Sean Power, previous founder of Infinata (BioPharm Insight®), karmadata curates and provides access to a linked version of the world's open data sources in Healthcare, Legal, Energy, and other verticals.

BOSTON, May 8, 2013 /PRNewswire-iReach/ -- karmadata officially introduced its freemium website (www.karmadata.com) and API (www.karmadata.com/API) to the global data community at the Data 2.0 Summit held April 30th in San Francisco.  karmadata's website enables users to find, visualize, and share data of interest to them and their social networks.  The karmadata API provides standardized linked data from the world's data sources, allowing developers to design and build their own applications.

(Photo: http://photos.prnewswire.com/prnh/20130508/CG09469)

"The Data 2.0 Summit (www.data2x.com) was the perfect arena for us to announce our launch amongst so many creative and like minded leaders in the data industry.  Our website will reinvent how professionals access and analyze data, providing access to 10s of millions of users that are blocked by proprietary, corporate-only, license fee models.  Additionally, our API will provide simple, affordable access to standardized, linked data, for app developers and system integrators to create things we couldn't possibly dream of," said Sean Power founder and CEO of karmadata.

karmadata was chosen as one of the top 5 data startups of 2013 to present during the Data 2.0 Summit.  "karmadata's vision and technology platform fit our 2013 conference theme of 'Democratizing Data' perfectly.  We welcome their entrance and look forward to their disruptive activities in the business information space," said Geoff Domoracki, co-founder of Data 2.0.

karmadata poised to disrupt the Professional Business and Information Services Industry

The current Professional Business and Information Services industry is a $100 billion + market, dominated by a handful of Big Information Vendors which utilize a corporate-only, up-front licensing model.  This archaic standard effectively locks out tens of millions of would-be users and application developers who generally cannot afford the upfront costs of access.  karmadata is utilizing innovative technology and cloud based scale, enabling a first in kind freemium pricing model for industry data.

How karmadata works

karmadata currently processes high value, open and private data sources on a daily basis like PubMed, ClinicalTrials.gov, the FDA Adverse Events Reporting System, the USPTO databases, among many others.  These sources are primarily semi-structured text or XML, that are not linked to each other, and provide no standards for querying, analyzing, or visualizing.  karmadata has processed over 100 million records to date, and identified over 6.1 milion Entities that are healthcare providers, populated places, clinical investigators, diseases, organizations, drugs and more.  

karmadata visitors can create "Datacards"© which are meant to be mini-blogs, telling a data-driven, visualized story that is personal for the author.  These Datacards can be shared easily on social media, third party websites or embedded in blogs and articles on the web.  Additionally, each of the 6.1 million Entities has its own Poster, with visualizations and an index to all the world's data where that person, place, organization, product or thing can be found.  

About karmadata

karmadata is on a mission to standardize and link the world's data and to provide easy affordable access to it, to anyone, anywhere in the world.  karmadata is currently a small and enterprising team of dedicated and experienced professionals with a common goal of redefining the industry standards of how data will be resourced, collated, and shared among industry professionals and setting the gold standard for future data providers.

Currently seeking partnerships and investors

karmadata is actively recruiting investment, data provider, and technology partnerships. For more information please contact Sean Power (media@karmadata.com)

Media Contact: Sean Power, karmadata, 6178070020, media@karmadata.com

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SOURCE karmadata

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