Introducing sCompute: Web3-powered calculation powerhouse for developers
sCompute unites innovation with access by making on-site data computation capabilities a reality by giving data scientists a means to access high-quality, zero-party data without needing to move or purchase it.
Data scientists have access to cutting-edge facilities, but the core of their work relies on transforming data to accelerate innovation, especially in the field of Artificial Intelligence and Machine Learning.
However, data scientists struggle to innovate due to a lack of access to data. If large amounts of diverse, reliable data is available, then AI and ML models can become more accurate and less biased. In practice, it’s difficult to find and access large amounts of data due to the risks associated with sharing and storing it.
The current data landscape requires data scientists and developers to spend valuable resources on entry-level tasks such as data sourcing, cleaning and organising rather than propelling their industries forward through insight generation and innovative, data-driven research.
The “2020 State of Data Science” report by Anaconda revealed that data scientists waste 45% of their time in preparation tasks (e.g., data cleaning, data loading). Previous reports about the industry pointed out even worse estimations, showing that data scientists could lose between 75% to 80% of their time on these tasks.
Swash is bringing a new solution to light to give developers and data scientists cutting-edge computational power and access to high-quality, zero-party data with ease. Researchers can now focus on innovation by abandoning archaic and low-level solutions and entering the next wave of Web 3-based tools.
With sCompute, Swash makes it possible for data scientists to perform computations on data without needing to purchase it. The data itself remains private and isn’t sold or moved. Instead, they can deploy their algorithms on Swash data and pay only for the computation and to access the results. The results and products built from this computation can also be resold to generate value for both data scientists and the data contributors whose data was included in the dataset.
Keep reading to learn more about what’s behind sCompute, how it will help propel innovation, enable valuable use of time for data scientists, and catapult innovators towards a new, transparent, and decentralised data economy.
sCompute is one of Swash’s First Wave Solutions amid the early stages of the Swash roadmap - Flow - aiming to revolutionise the data space and boost innovation.
sCompute enables data scientists to access large quantities of reliable, consented, zero-party data and connect directly to the Swash ecosystem to conduct computations on data in a secure, "compute-eyes-only" way.
Developers and data scientists can enjoy the quality of Swash data, run algorithms on sCompute, and only pay for the data sets created as products of those computations and to access results.
sCompute allows data scientists and developers to access the computational horsepower of Swash and its data ecosystem. They can do this while remaining agile to maintain focus on making the most of data instead of wasting resources on the low-level tasks that currently congest their workload.
In true Swash spirit, data scientists and developers will generate additional earnings from their endeavours by reselling the data sets created as products from sCompute. With all solutions built on Swash, the people whose data fuels sCompute will also receive their share for the value of their contribution. As another First Wave Solution, sCompute follows Swash’s key principles, driven by incentives, access, and true collaboration.
sCompute brings value to both data scientists and developers while empowering individuals within the Swash ecosystem to regain ownership over their data.
On the one hand, the information powered and consented by individuals generates large quantities of aggregated data that offer many uses for organisations, businesses, researchers and other data buyers based on reliable, real-time, and cross-domain insights. On the other hand, these sustainable and people-oriented workflows within Swash empower data scientists to produce their best work, accessing the next generation of data and statistical horsepower and elevating their findings.
The data science space is in dire need of change and sCompute marks a turning point for the industry to move into the collaborative, user-friendly and valuable Web 3-based data arena.
Swash is an ecosystem of tools and services that enable people, businesses, and developers to unlock the latent value of data by pooling, securely sharing, and monetising its value.
People share their data to earn while retaining their privacy. Businesses access high-quality, zero-party data in a sustainable and compliant way. Developers set up and build systems within a collaborative development framework with ease.
Swash is reimagining data ownership by enabling all actors of the data economy to earn, access, build and collaborate in a liquid digital ecosystem for data.