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State Street Combines Quantitative Power of Machine Learning with Human Expertise to Launch Quantextual Idea Lab?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 (News - Alert) 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:
For more information about Quantextual, please click here. To view a TED Talk on Quantextual, please click here.
About State Street Corporation *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 View source version on businesswire.com: http://www.businesswire.com/news/home/20170920005821/en/ |