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SmithBayes put its own software to use when it picked a subscription-based business model instead of licensing the technology or setting up a consultancy. Most clients start with an initial yearly package costing around $200,000. That's not cheap, but Williams calls it good value considering it helps clients place strategic bets worth millions. Sectors constantly affected by uncertainty and flux may find it most useful: think telecoms, oil companies, traders, insurers and betting companies. Firms that toil in steady environments may be less interested, but, as Williams points out, "there seem to be fewer and fewer of those around."

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Developed for the World Economic Forum by Professor Xavier Sala-i-Martin, the Global Competitiveness Index (GCI) measures the competitiveness of nations using economic statistics and extensive polling of international business leaders.



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TOMMY WARD, whose family has been harvesting oysters from the Gulf of Mexico since the 1920s, on the FDA's plan to ban the sale of raw oysters that are harvested in warm months; about 15 people die each year due to raw-oyster contamination
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Quotes of the Day »

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TOMMY WARD, whose family has been harvesting oysters from the Gulf of Mexico since the 1920s, on the FDA's plan to ban the sale of raw oysters that are harvested in warm months; about 15 people die each year due to raw-oyster contamination

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