Google Prediction API - Google Code
code.google.com
code.google.com
A few problems I see (or saw, I havnt used it in a few months) with the service are the following.
1. currently, there is no way to pick your cross validation folds. this can lead to severe overfitting if your data is not i.i.d
2. they provide a numerical (double) accuracy number which corresponds to the accuracy estimated from training. how is this number calculated (AROCS,etc.). They do not say
3. Security issues - read the fine print of what happens when your data gets uploaded to Google storage. It could be a cause for concern
4. Your are competing for resources. When I was testing the API, I would train two successive models with the same amount of data, and I would notice one call would complete (asynchronously) after 10 seconds, while the next would take 10 minutes. This is because your are competing for resources
5. Currently no way to inject prior knowledge into your models. What if you know your data is Guassian, you could use an RBF kernel, but with this API, you cannot, because it might pick the Naive Bayes Classifier and not the SVM, etc.
In general, this service probably will work for the average SPAM detection problem, but if you really want a great system, you probably need to keep everything in house.
Actually the google prediction api is already really old; I don't know why it shows up now on HN
(Presumably the EMH is only approximately true, but it's probably close enough that Google can't make billions that way without a considerable risk of losing billions instead, and without a lot of effort that they might do better to put into making billions by more conventional means.)
[citation needed]