Posts Tagged ‘AlphaSense’

AlphaSense’s Advanced Linguistics Search Engine Could Buy Back Time For Financial Analysts To Do More In-Depth Research

alpha1When 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.

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AlphaSense Wins Best Sell-Side Analytics Product 2014

alphasense

Jake Thomases of Waters Technology reports that AlphaSense has won the Best Sell-Side Analytics Product award at the Sell-Side Technology Awards. In his profile on the company, Thomases writes, “Searching through endless regulatory filings, company presentations, earnings call transcripts, news releases, and other research is an interminable and eye-glazing process. Electronifying those documents has allowed analysts to perform keyword searches, although they still had to search each document for every keyword variation individually.” Read more