Interactive Data Works Smarter, Not Harder with Intelligent Agents Presentation


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  • Interactive Data Works Smarter, Not Harder with Intelligent Agents Presentation

    1. 1. Interactive Data Works Smarter, Not Harder With Intelligent Agents Michael Hunziker Interactive Data Director Reference Data Operations Matt Jacobson Connotate VP, Client Services
    2. 2. Agenda <ul><li>Introductions </li></ul><ul><li>Interactive Data Works Smarter </li></ul><ul><li>Connotate Agent Community GEN2 </li></ul><ul><ul><li>Software demonstartion </li></ul></ul>
    3. 3. While the WorldWideWeb provides the greatest source of information ever assembled… Copyright © 2009 Connotate Technologies
    4. 4. … and individual corporations may contain more than 10,000 highly valuable but disparate data sources Copyright © 2009 Connotate Technologies
    5. 5. Finding It , Collecting It , and Making Sense of It is a huge manual process Copyright © 2009 Connotate Technologies 25% to 45% of one’s time
    6. 6. Connotate changes all that Copyright © 2009 Connotate Technologies
    7. 7. About Connotate <ul><li>Strong Foundation </li></ul><ul><ul><li>DARPA Funded </li></ul></ul><ul><ul><li>Established 2000 </li></ul></ul><ul><ul><li>Goldman Sachs Lead Investor </li></ul></ul><ul><ul><li>Marquee Customers </li></ul></ul><ul><li>Substantial Patented Technology </li></ul><ul><ul><li>Covering the application of machine intelligence to the Web </li></ul></ul><ul><ul><li>Awards include KMWorld Awards and SIIA </li></ul></ul><ul><li>Key Industries </li></ul><ul><ul><li>Publishing & Market Data </li></ul></ul><ul><ul><li>Financial Services </li></ul></ul><ul><li>Competencies </li></ul><ul><ul><li>Business Intelligence </li></ul></ul><ul><ul><li>Research & Analysis </li></ul></ul><ul><ul><li>Insurance & Healthcare </li></ul></ul><ul><ul><li>Government </li></ul></ul><ul><ul><li>Content & Data Aggregation </li></ul></ul><ul><ul><li>Information Management </li></ul></ul>
    8. 8. Working Smarter 5 Examples Copyright © 2009 Connotate Technologies
    9. 9. <ul><li>A leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors. </li></ul><ul><li>We supply real-time market data, time-sensitive pricing, evaluations and reference data for millions of securities traded around the world, including hard-to-value instruments. </li></ul><ul><ul><li>Pricing for over 6,000,000 securities </li></ul></ul><ul><li>Many of the world's best-known financial service and software companies subscribe to the Company's services in support of their trading, analysis, portfolio management and valuation activities. </li></ul><ul><li>2,300 employees </li></ul><ul><li>IDC on NYSE </li></ul>
    10. 10. iShares Collection Problems
    11. 11. <ul><li>Data team manually navigates for issue cap data on over 175 tickers </li></ul><ul><li>To determine new issue cap values, the data team manually compared current issue cap values to previous day’s values </li></ul><ul><li>Collected and verified data was manually entered, resulting in data discrepancies </li></ul><ul><li>It took an average of 90 minutes, daily, to manually process this site </li></ul>iShares Collection Problems
    12. 12. <ul><li>An Agent was created to scan the site for changes on tickers and issue cap amounts </li></ul><ul><li>The Agent returns only those items that are new or have changed since the last run </li></ul><ul><li>The data is delivered in Excel, which allows the team to load the data into Analystics </li></ul><ul><li>By using the Agent, this process is now completed in under 10 minutes </li></ul>iShares Connotate Solution
    13. 13. Eurex Collection Problems
    14. 14. <ul><li>Eurex is a news site </li></ul><ul><li>To find stories relevant to the corporate action team, data collectors manually searched for key words by reading multiple stories (needle in a haystack) </li></ul><ul><li>It took the data team a total of 120 minutes per day trying to identify relevant stories </li></ul>Eurex Collection Problems
    15. 15. <ul><li>An Agent was created to automatically pull every news story on the site </li></ul><ul><li>Using Connotates filter skill, the data team now receives relevant stories saving 100 minutes of collection time daily </li></ul>Eurex Connotate Solution
    16. 16. <ul><li>Data teams manually entered a list of nearly 70 tickers to pull in price changes </li></ul><ul><li>The prices were then manually typed into a spreadsheet </li></ul><ul><li>This task took up to 90 minutes a day </li></ul>Spider ETF Collection Problems
    17. 17. <ul><li>We were able to build an agent to monitor the site for price changes </li></ul><ul><li>The changes are delivered in a spreadsheet </li></ul><ul><li>Using the Connotate, we were able to feed the Agent the list of tickers we were interested in. Result is a savings of 70 minutes, daily </li></ul>Spider ETF Connotate Solution
    18. 18. <ul><li>Data from Conti is found within zip files </li></ul><ul><li>The zip files contain 15 spreadsheets </li></ul><ul><li>From each of the 15 spreadsheets, only one block of the data found is required </li></ul><ul><li>The data team copied and pasted this block into one main sheet </li></ul><ul><li>This made the collection process cumbersome, messy, and time consuming. An average of 50 minutes, daily </li></ul>Conti Collection Problem
    19. 19. <ul><li>We converted the 15 Excel files into HTML </li></ul><ul><li>We used an Agent to extract the portion of the each sheet we needed </li></ul><ul><li>Since all sheets had common schema elements, we were able to deliver the results to one database table </li></ul><ul><li>A spreadsheet connects to the Conti table allowing users to verify the data before loading </li></ul><ul><li>Using the Agent, the data team can now save the entire collection time </li></ul>Conti Connotate Solution
    20. 20. Conti Connotate Solution
    21. 21. clearstream Collection Problems
    22. 22. clearstream Collection Problems
    23. 23. <ul><li>Manual process for 500 companies daily </li></ul><ul><ul><li>Enter each ISIN number </li></ul></ul><ul><ul><li>Get results page </li></ul></ul><ul><ul><li>Cut and paste data </li></ul></ul><ul><li>Tedious process taking 300 minutes daily </li></ul>clearstream Collection Problems
    24. 24. <ul><li>Feed 500 ISINs to an Agent </li></ul><ul><li>Agent delivers 80% of needed data directly to database </li></ul><ul><li>Effort is down to less than 60 minutes daily </li></ul>clearstream Conotate Solution
    25. 25. Agent Community GEN2 Copyright © 2009 Connotate Technologies
    26. 26. <ul><li>5 Agents </li></ul><ul><li>2,250 hours saved per year </li></ul><ul><ul><li>115% of an FTE in time savings </li></ul></ul><ul><li>x 50 to account for total Agent population </li></ul>Keeping Score?
    27. 27. Connotate Platform Copyright © 2009 Connotate Technologies
    28. 28. Software Demonstration Copyright © 2009 Connotate Technologies
    29. 29. Case Study: Associated Press Connotate enables the AP to create new revenue streams <ul><li>Context </li></ul><ul><li>The world’s oldest and largest news organization needed an innovative solution to enable their strategic initiative for a Digital Cooperative </li></ul><ul><li>Original content spread across 1,500 newspaper web sites in a multitude of formats </li></ul><ul><li>Business Objectives </li></ul><ul><li>Gather the content without imposing additional work on newspaper members </li></ul><ul><li>Standardize formats and create a repository enriched for search engine optimization. Repository content sold to major sites and providers </li></ul><ul><li>Results </li></ul><ul><li>New , material revenue stream </li></ul><ul><li>Mobile News available on the iPhone and the Nintendo Wii. </li></ul><ul><li>Solution </li></ul><ul><li>Non-programmers build several hundred Agents to pull fresh, full news stories </li></ul><ul><li>Timely content is delivered in a consistent format to a central repository </li></ul><ul><li>News shaping applications also created </li></ul><ul><li>Partnership with Connotate </li></ul><ul><li>Client relationship established 2007 </li></ul><ul><li>Joint conference presentation, press release and public case study. </li></ul>Copyright © 2009 Connotate Technologies
    30. 30. “ Connotate’s technology holds more promise than anything I’ve seen in the past five years” ” Make no mistake, Connotate’s Agent Community GEN2 leapfrogs &quot;traditional&quot; search, and content aggregation is a mere component of its capabilities. Its growing list of customers, which currently includes primarily large publishers and financial services institutions, acknowledges that Connotate truly is delivering on the promise of the enterprise Semantic Web .“ Source: Hugh McKellar, KMWorld, Editor-in-Chief
    31. 31. Visit Connotate Booth 5