State Street Combines Quantitative Power of Machine Learning with Human Expertise to Launch Quantextual Idea Lab℠
September 20 2017 - 9:46AM
Business Wire
Research Management Solution Delivers Accelerated Insights,
Allows Investors to Review Research Consumption, Helps Optimize
Research Spend
Investment professionals today are inundated with research
reports from the sell side, the buy side and academia. Top
financial research teams can produce enough content to consume 24
reams or 12,000 sheets of paper per day1. To help address this
information overload, State Street (NYSE:STT) has launched
Quantextual Idea Lab℠, which combines the power of machine learning
with the knowledge of human experts in order to help investment
professionals efficiently read and interpret lengthy research
reports, and apply relevant findings to their investment
strategies.
Part of the next generation of intelligent client solutions
developed by State Street Global Exchange℠, State Street’s data and
analytics business, Quantextual Idea Lab uses machine learning
algorithms to consume complex research reports, tag them by
investment themes and assets as well as suggest new, relevant
materials based on the end-user’s specific needs, preferences and
observed reading behavior. The solution then carefully overlays the
experience and market knowledge of Quantextual’s own research team
to continuously improve the algorithms’ performance and
accuracy.
“Today, the speed, sophistication and volume of information far
outpaces our ability to consume it,” said Stephen Lawrence, head of
Quantextual Research, State Street Global Exchange. “Efficient
intake of research is essential for identifying investment
opportunities and managing risk. With limited time investors may
overlook or delete important research insights. Those who can make
sense of large amounts of information quickly will front run
peers.”
Quantextual Idea Lab includes the following features:
- Automated document
classification that can accelerate the speed at which research
is acquired. By having access to automatically tagged and
summarized research, the investment professionals can focus more
time on developing strategies and making informed decisions.
- Human-curated content and
conclusions created from the research which preserves their
nuanced academic or economic tone.
- Enhanced search capabilities
including tag and keyword search as well as natural language search
with an intuitive question-and-answer function capable of
instantaneously responding to investment-related questions,
returning the key research and insights connected to the
inquiry.
- Social collaboration tools
allowing users to annotate research reports and share them with
colleagues, which can help users steer the most important ideas to
the right decision-makers.
“Through Quantextual, we’ve designed a workflow that empowers
the transformation of carefully curated ideas into decisive and
strategic action,” continued Lawrence. “As more investment firms
shift to a model of covering research costs out of their own
P&L’s, an additional benefit of Quantextual is that it allows
them to systematically review research consumption, to help them
optimize their research spend.”
For more information about Quantextual, please click here.
To view a TED Talk on Quantextual, please click here.
About State Street CorporationState Street Corporation
(NYSE: STT) is one of the world's leading providers of financial
services to institutional investors, including investment
servicing, investment management and investment research and
trading. With $31.0 trillion in assets under custody and
administration and $2.61 trillion* in assets under management as of
June 30, 2017, State Street operates in more than 100 geographic
markets worldwide, including the US, Canada, Europe, the Middle
East and Asia. For more information, visit State Street’s website
at www.statestreet.com.
*AUM reflects approx. $34 billion (as of June 30, 2017) with
respect to which State Street Global Advisors Funds Distributors,
LLC serves as marketing agent; State Street Global Advisors Funds
Distributors, LLC and State Street Global Advisor are
affiliated.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.02111-2900.
© 2017 State Street Corporation - All Rights Reserved
CORP-3261
1 Estimated volume based on average document size and observed
content volume measured, May 2016, Steve Lawrence
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State Street CorporationJulie Kane, +1
617-664-3001JEKane@statestreet.com@StateStreet
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