How unstructured Big Data may be changing capital markets
Highly respected investment fund manager Bill Miller once noted, “If it’s in the news, it’s in the price.” But that was before “the news” included blogs, tweets, and other social media posts, along with gobs (a technical term) of unstructured data like earnings call transcripts and SEC filings that were instantly available online.
Before organizations can extract business value from their data by using it to support business intelligence (BI) and Big Data initiatives, they need a firm grasp of where all their data resides and what it contains. Many enterprises can only “see” 10 percent of their data. The other ninety percent remains hidden—dark data. So who knows whether their data analysts and data scientists are working with the best data available? But there’s a good chance they’re not.
What happens when monetary settlements don’t appease financial industry watchdogs?
So what’s bigger news: that Deutsche Bank recently agreed to pay a record $2.5 billion penalty for its role in the London Interbank Offered Rate (LIBOR) wire fraud scandal? That its Co-Presidents resigned amid shareholder furor? Or that, financial industry activists maintain monetary penalties aren’t enough to deter future fraudulent conduct?
Earlier today, we officially announced Attivio 5, which we believe is a game-changer for any company that competes on analytics. With Attivio 5, we are enabling businesses to tap the potential of Big Data and accelerate their business intelligence initiatives like never before so they can better compete on analytics.