“Big Data” and “AI” (artificial intelligence) are definitely the kind of buzzwords that have been woven into corporate and finance strategy session discussions around the globe for a number of years. They sound good. Yet unlike other buzzwords, these seem to have staying power especially when used in partnership with one another.
Whether financial investments are part of your job or you are in it for personal gain, when you consider investing in a certain industry or with specific companies you perform your due diligence, right? You check company financials, consider the competitive landscape and look for the growth opportunities. Nowadays you probably follow their official social media accounts and rely on news alerts relevant to your industry or company. In other words you do your research. Then a natural disaster strikes.
Imagine it is Monday morning and you sit down at your desk to begin your day. In front of you are 12 monitors coming to life in a multicolored array of charts, graphs, videos and windows of scrolling text. For traders, this is a routine morning. Your job is to know all there is to know about your portfolio of companies, securities and/or industry. You’re charged with monitoring a lot of information. How do you ensure you don’t miss anything important?
One Chicago-based trading firm trying to be sure they missed nothing turned to Acquire Media for help.
Acquire Media is known for its real-time news delivery solutions, so the firm knew their time-sensitive requirements would be efficiently addressed. The real problem was finding the right coverage for the particular securities this firm was managing. They needed to know how to get rid of unnecessary noise and restrict the news to just those securities in their portfolio. In doing so, they needed to be sure they did not remove any relevant information.