AlphaSense’s Advanced Linguistics Search Engine Could Buy Back Time For Financial Analysts To Do More In-Depth Research
When Raj Neervannan, CTO and co-founder of financial search engine company AlphaSense, thinks about search, he thinks about it “as a killer app that is only growing…..People want answers, not noise. They want to ask more intelligent questions and get to the next level of computer-aided intelligence.”
For AlphaSense’s customers – analysts at large investment firms and banks or any other industry, as well as one-person shops – that means search needs to get them out of ferreting through piles of research docs for the nuggets of information they really need. Neervannan knows the pain of trying to interpret a CEO’s commentary to understand what he or she was really saying when making the point that numbers were going down when referring to inventory turns. (Jack Kokko, former analyst at Morgan Stanley, is AlphaSense’s other co-founder.)
“You are essentially digging through sets of documents [using keyword search], finding locations of terms, pulling them in piece by piece and constructing a case as to what the company’s inventory turn was really like – what other companies’ similar information was, how that matches up. You have to do quantitative analysis and benchmarks, and it can take weeks,” he says.