Paying Attensity
What is the Carlyle Group?
Who are the people behind the name?
And how much power does Carlyle have?
Most WiserBlog readers know the disquieting answers to these questions about the private equity group, posed at the website hosting the 48-minute documentary,"Exposed: The Carlyle Group". Watch the film anyway. (It was broadcast on VPRO Netherlands TV, so, the first two minutes are in Dutch)
And once you have, consider one of the latest innovations from "Attensity" funded by In-Q-Tel, aka the C.I.A.'s "investment arm," aka the Carlyle Group.
Attensity, based in Palo Alto, Calif., has developed a way to turn voluminous electronic content--like say e-mail messages, call logs, memos and instant messages--into data that is "relevant and usable." Ordinarily you need a database or some kind of structure in order to search for data. That's no fun because as technology analyst Nick Patience notes, only 20% of people in business or in public service keep their information in formal databases. The rest is in files, emails, inter-office memos...
So, what the Attensity software can do is allow "people" to "start using this tremendous amount of intelligence which has gone untapped." As Attensity's co-founder, David L. Bean, told the New York Times, "the software helps federal researchers look for clues to terrorist and criminal activities in 'the text from the dispatches from around the world, the field reports, the newspaper articles and the chat rooms.' "
There are other, more limited versions of this kind of software in existence. For example, large law firms use similar software to sift through the thousands of pages of documents they collect during discovery. But Attensity is far more powerful and is not limited to an individual computer or network. How long will it be before every word that is typed or uttered is recorded, tagged and logged? I suppose it goes without saying that I find this worrisome... especially when you have the likes of the Caryle Group involved.
Last month, the Carlyle Group released a summary of its investment activities for 2004 and wouldn't you know, lucky investors reaped $5.3 billion, more than twice the $2.1 billion they scored the previous year. Indeed, said William Conway Jr., Carlyle's co-founder and managing director "It was our best year ever." Carlyle raised $7.8 billion and invested $2.7 billion. Ain't life in the military-industrial complex grand?
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