Unstructured Data

Just about every year, I find a key theme from the Technology Management Conference (TMC), and this year’s theme seems to be unstructured data. Other years, compliance seems to be an issue, such as the year after Sarbanes Oxley took effect. Another year seemed to be about phone turrets, but that might have been because I was in the market for phone turrets that year.

So, I’m not sure if it is because I am attending TMC this year, in part as a blogger, or if it is just that much more prominent, but unstructured data turned out to be a key part of my discussions.

When I picked up my press credentials, there was a press release from Firstrain announcing the FirstRain Blog Monitor. The press release talked about the proprietary FirstRain MarketScore Algorithm “to conintually analyze and identify the most impactful blogs from the hundreds of thousands across the broad web”.

Penny Herscher, president and CEO of FirstRain was quoted as saying, “Blogs are where many of the most intriguing questions, trends and ideas first come to light”. The press release ended with a pointer to Penny’s blog.

NewsEdge was also on the first floor of the show. They are a news searching tool that has been around for several years. They do not current crawl blogs as part of their real time news, but they do have the ability search blogs and they hope to add blog crawling by the end of the year.

At the other end of the spectrum was NewsWare. They do not track blogs because “blogs don’t factcheck” a spokesperson for the company said.

Not far away from NewsEdge and NewsWare was Dow Jones Newsfeeds. They were touting their Solutions for Algorithmic and Quantitative Trading. In essence Dow Jones is taking key reports and providing elementized newsfeeds that are especially interesting to algorithm traders. I keep hearing good stuff about their feeds and it was my first chance to get details. They do not include information from blogs in their elementized news feeds, however they make extensive use of it in other products, such as Factiva.

In addition, the Dow Jones representative spoke about “Generate”, a Boston based firm that Dow Jones recently acquired which dynamically tracks information on around 4.7 million executives, ties it together with other news data to provide a solution something like what you would expect from a businessman’s mashup of Google and LinkedIn.

All of this led to a particularly interesting company, JackBe. JackBe provides an ‘Enterprise Mashup Platform’, that gathers information from many platforms on the web and within the enterprise so that it can be presented as a widget that a company can use internally or externally. They have done work in other businesses and are starting to explore providing their technology to the financial services sector. They were the most interesting tool I found on the first day of TMC for structuring unstructured data. It will be interesting to see what day two brings.

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