by Angela Guess
A new press release reports, “YCharts, Inc, a SaaS financial data and investment research platform, today announced the launch and availability of YData, a proprietary data offering that leverages machine learning and natural language processing to build a comprehensive, highly-structured database tailored for data-driven investment professionals. The first data feed available in YData is ‘Corporate Events,’ a database of traditionally difficult-to-find forward-looking events from publicly traded companies. ‘As a company that was borne out of the idea of applying leading-edge technology to disrupt the financial tools space, we applied the same approach to financial data by leveraging the strength of both human and machine,’ said Ara Anjargolian, Chief Technology Officer at YCharts. ‘We saw an opportunity to create a Corporate Events data feed, as current solutions don’t provide the necessary intelligence. As our datasets continue to push the boundaries of what’s possible, YData will provide our customers with unparalleled intelligence to better inform their investment strategies’.”
The release continues, “To create the data feeds in YData, YCharts has built machine learning systems to monitor tens of thousands of sources where new events are announced. Proprietary machine learning algorithms take that data and pull pertinent event information from these sources. To verify if the data found by the algorithms is correct, a dedicated team reviews the data and adds it to the database if it fits the criteria. The Corporate Events data feed includes: Product launch events, press conferences, webcasts, and release dates for video games, movies, electronics, etc. Scheduled or estimated data releases (like airlines PRASM), monthly retail sales results, brokerage activity metrics, etc. Special ‘business update’ calls & events (concerning pending M&A, spin off, etc.) Company-hosted events and conferences. Industry & investment bank conferences. Earnings releases & conference calls, shareholder & board meetings, analyst & investor days.”
Read more at Business Wire.
Photo credit: YCharts