interactive data works smarter, not harder with intelligent agents michael hunziker interactive data...
TRANSCRIPT
Interactive DataWorks Smarter, Not Harder
With Intelligent Agents
Michael HunzikerInteractive Data
Director Reference Data Operations
Matt JacobsonConnotate
VP, Client Services
www.connotate.com
Agenda
• Introductions
• Interactive Data Works Smarter
• Connotate Agent Community GEN2 Software demonstartion
www.connotate.com
While the WorldWideWeb provides the greatest source of information ever assembled…
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…and individual corporations may contain more than 10,000 highly valuable but disparate data sources
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Finding It, Collecting It, and Making Sense of It is a huge manual process
25% to 45% of one’s time
Copyright © 2009 Connotate Technologies
www.connotate.com
About Connotate• Strong Foundation
DARPA Funded Established 2000 Goldman Sachs Lead Investor Marquee Customers
• Substantial Patented Technology
Covering the application of machine intelligence to the Web Awards include KMWorld Awards and SIIA
• Key Industries Publishing & Market Data Financial Services
• Competencies Business Intelligence Research & Analysis
Insurance & Healthcare Government
Content & Data Aggregation Information Management
www.connotate.com
• A leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors.
• 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.
Pricing for over 6,000,000 securities
• 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.
• 2,300 employees
• IDC on NYSE
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• Data team manually navigates iShares.com for issue cap data on over 175 tickers
• To determine new issue cap values, the data team manually compared current issue cap values to previous day’s values
• Collected and verified data was manually entered, resulting in data discrepancies
• It took an average of 90 minutes, daily, to manually process this site
iShares Collection Problems
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• An Agent was created to scan the site for changes on tickers and issue cap amounts
• The Agent returns only those items that are new or have changed since the last run
• The data is delivered in Excel, which allows the team to load the data into Analystics
• By using the Agent, this process is now completed in under 10 minutes
iShares Connotate Solution
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• Eurex is a news site
• To find stories relevant to the corporate action team, data collectors manually searched for key words by reading multiple stories (needle in a haystack)
• It took the data team a total of 120 minutes per day trying to identify relevant stories
Eurex Collection Problems
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• An Agent was created to automatically pull every news story on the site
• Using Connotates filter skill, the data team now receives relevant stories saving 100 minutes of collection time daily
Eurex Connotate Solution
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• Data teams manually entered a list of nearly 70 tickers to pull in price changes
• The prices were then manually typed into a spreadsheet
• This task took up to 90 minutes a day
Spider ETF Collection Problems
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• We were able to build an agent to monitor the site for price changes
• The changes are delivered in a spreadsheet
• 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
Spider ETF Connotate Solution
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• Data from Conti is found within zip files
• The zip files contain 15 spreadsheets
• From each of the 15 spreadsheets, only one block of the data found is required
• The data team copied and pasted this block into one main sheet
• This made the collection process cumbersome, messy, and time consuming. An average of 50 minutes, daily
Conti Collection Problem
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• We converted the 15 Excel files into HTML• We used an Agent to extract the portion of the
each sheet we needed• Since all sheets had common schema
elements, we were able to deliver the results to one database table
• A spreadsheet connects to the Conti table allowing users to verify the data before loading
• Using the Agent, the data team can now save the entire collection time
Conti Connotate Solution
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• Manual process for 500 companies daily Enter each ISIN number Get results page Cut and paste data
• Tedious process taking 300 minutes daily
clearstream Collection Problems
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• Feed 500 ISINs to an Agent
• Agent delivers 80% of needed data directly to database
• Effort is down to less than 60 minutes daily
clearstream Conotate Solution
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• 5 Agents
• 2,250 hours saved per year 115% of an FTE in time savings
• x 50 to account for total Agent population
Keeping Score?
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ContextThe world’s oldest and largest news organization needed an innovative solution to enable their strategic initiative for a Digital Cooperative
Original content spread across 1,500 newspaper web sites in a multitude of formats
Business ObjectivesGather the content without imposing additional work on newspaper members
Standardize formats and create a repository enriched for search engine optimization. Repository content sold to major sites and providers
Case Study: Associated PressConnotate enables the AP to create new revenue streams
ResultsNew , material revenue stream
Mobile News available on the iPhone and the Nintendo Wii.
SolutionNon-programmers build several hundred Agents to pull fresh, full news stories
Timely content is delivered in a consistent format to a central repository
News shaping applications also created
Partnership with ConnotateClient relationship established 2007
Joint conference presentation, press release and public case study.
Copyright © 2009 Connotate Technologies
www.connotate.com
“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 "traditional" 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