By Tom Eastman
CONWAY — They call it the "aha!" moment, when the fog lifts and a clear path emerges.
For entrepreneur Mike Laracy, it happened during a mountain bike ride when he was living in Boulder, Colo., in the late 1990s.
"I came up with the idea for the algorithm that would automate the process of building predictive models on the ride," he said. "I got off my bike and spent 25 minutes pondering the idea."
Then in his late 20s, Laracy continued working as a predictive analytics consultant in Boulder while perfecting his software concept — which if successful would shorten the time needed to build predictive models from months to minutes.
In 2003, after coming to the Mount Washington Valley to visit his brother, Dr. Rich Laracy, and his family, the New Jersey native decided to move here and start his company, Rapid Insight, a Conway firm that specializes in predictive analytics software.
His brother, a pediatrician, and Rich's wife, Julie, a physical therapist, moved here in 2001. Their sister, Mary Hanson, an occupational therapist, and her husband, Jeff Hanson, a physical therapist, arrived in 2006.
- Category: Local Business