UPDATED 09:31 EST / APRIL 02 2013

Picking Proper Products, Teaching Big Data : Piqora CEO on Startup Savviness

The following is an excerpt from a recent interview with Piqora CEO Sharad Verma, who’s company has seen early success as a metrics tool for popular bookmarking site Pinterest.

Rumors about our “departure” from Pinterest have been forming ever since we decided to change our name to Piqora. The name Piqora isn’t designed to move away from Pinterest. We’re the complete marketing suite for Pinterest. To the market, we still want to be seen as a marketing suite that’s focused on Pinterest. I think Pinterest will be friendly to partners that share their vision and create value.

We picked the name Piqora because it has the sound of the word “pick” and is more visual, as the web is becoming. We’re about data and converting that into user experiences.   The word Piqora is an online image creator—to us it’s a personality, a modern woman that curates.


Picking Products – how does a startup choose?

We have two secrets—the first is a really a top-notch team. We recently hired the [former] Chief Architect from Google—before that he was at Yahoo, where he worked on search and built their index. It’s really a great team.

The second [secret] is the technology we’re building — it’s on top of the data we’re collecting. We build analytics on top and it’s now useful for our new product—the Gallery.


Big Data learning curve

What we found is that in general, people are afraid of analytics — of what the data can tell you. And so as a company, you’re always challenged with bridging the gap between analytics and action. If you package your analytics around action, it must be more digestible and usable.  We want to be able to do predictive analytics and tell [a retailer] which products are beginning to trend and might go out of stock in two weeks.

Another direction is content management. We’re looking at building a content management suite that would allow users to select what products to promote on different platforms and manage that from a certain location. We’re making analytics an integral part of actions in merchandising and content management.


—As told by Amber Harris

photo credit: Lori Greig via photopin cc

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