Alternative Data News. 02, October 2019

The AltDataNewsletter by CloudQuant

Finding sources and uses for alternative data can be difficult. At CloudQuant we regularly read and search the internet for new sources of data that can be used in our mission to find alpha signals and build quantitative trading strategies. We recognize that we are technology and data junkies so we wrote our own crawler that specifically seeks out web pages, posts, and news articles that give us a snapshot of what is going on in the world of Alt Data. The following is a collection of articles that we think you will find interesting from the past week.


RIA in a Box Adds Free Access: Portfolio Products

RIA in a Box added a new free level of access to its Vendor Due Diligence Platform as part of its MyRIACompliance software platform.

The platform allows RIA firms and vendors to automate documentation sharing and tracking, including documents such as email compliance, data security and cybersecurity policies. Current industry vendors available on the platform include: Advyzon, Envestnet MoneyGuide, Morningstar, Orion, Redtail, RIA in a Box, Risk…
2019-09-30 00:00:00 Read the full story…
Weighted Interest Score: 5.9781, Raw Interest Score: 2.3506,
Positive Sentiment: 0.1205, Negative Sentiment 0.0075

CloudQuant Thoughts: This whole “in a box” or “on steroids” type descriptors is getting very cliche. Come on people… THINK of something new.

Data Science vs. Machine Learning vs. Artificial Intelligence

In the data economy, data is king. Today, any business — small, medium, or large — thrives on its data assets. The recent trend of offering data-driven insights as a service to the outside world has opened up a profitable revenue channel for businesses. Cloud computing and hosted analytics have brought data-as-a-service to the desktops of ordinary business users, which was unheard of even a few years ago.

As the global business environment is fa…
2019-10-01 07:35:54+00:00 Read the full story…
Weighted Interest Score: 5.5651, Raw Interest Score: 2.6835,
Positive Sentiment: 0.1940, Negative Sentiment 0.1401

CloudQuant Thoughts: Access to Alternative Data for the quantitative trader demands not just the data but effective tools for data exploration, data science, and Machine Learning. This is one of the reasons that choosing teammates with innovation capabilities is very essential in the early days of building a Data Science or AltData team.

What to Expect From JPMorgan Chase Earnings

Investors will be watching whether JPMorgan Chase & Co. (JPM), the biggest U.S. bank by market value, at more than $375 billion, can maintain its growth in key equities, debt, and lending markets as the economy slows and the bull market appears to lose momentum. The bank is expected to report earnings for 3Q 2019 before the market opens on Oct. 15.

Despite a challenging environment for profit growth, as the Federal Reserve cuts interest rates, J…
2019-10-02 11:00:29.701000+00:00 Read the full story…
Weighted Interest Score: 3.9363, Raw Interest Score: 2.2749,
Positive Sentiment: 0.3049, Negative Sentiment 0.2345

CloudQuant Thoughts: When reading of this article, think of data attributes that you could be reviewing in your data sets.

Bank jobs to be decimated by new technology

Analysts at Wells Fargo are forecasting that up to ten percent of bank jobs in the US will be wiped out by ongoing technological progress in the next ten years.

As many as 200,000 jobs will disappear as machines replace labour during a new ‘golden age of banking efficiency’, the 225-page report states.

And it’s not just the robot revolution doing the damage, as US banks elevate tech spending annually to $150 billion to take advantage of advan…
2019-10-02 12:25:00 Read the full story…
Weighted Interest Score: 3.7958, Raw Interest Score: 3.0105,
Positive Sentiment: 0.5236, Negative Sentiment 0.2618

CloudQuant Thoughts: Every time one sees a doomsday posting like this remember some of the following. When the computer was created “experts” expected jobs to be decimated. When automation was introduced to factorys “experts” expected jobs to be decimated. When Automated Teller Machines were created “experts” expected jobs to be decimated. What really ends up happening is new job opportunities, sometimes in related industries or fields open up.

Whenever there is change there is also opportunity. In this case, it is in the world of Data Analysts…. Read the following snippet to see where this opportunity lies.

The Data Analysts of the Future: What Will They be Doing?

The need for citizen data scientists — people who can use real-time, data-powered insights — will be on the rise with the widespread availability of data and AI-enabled, self-service analytics platforms. So, the best job of the century may be at risk. Smart machine learning algorithms can analyze and interpret data, and even produce content for dashboards and printable reports. So, who needs a data analyst or data scientist now? Amid all speculat…
2019-09-24 07:35:43+00:00 Read the full story…
Weighted Interest Score: 3.6109, Raw Interest Score: 2.0692,
Positive Sentiment: 0.2587, Negative Sentiment 0.2094

Anglo-Gulf Trade Bank chooses TAS Group solutions to manage payments for its corporate clients worldwide

London, 25 September 2019 – TAS S.p.A. (“TAS”) has announced that its agreement with Anglo-Gulf Trade Bank (“AGTB”), a digital corporate trade bank for international clients based in Abu Dhabi, is now operational. The contract is being managed through its subsidiary TAS Helvetia S.A. (“TAS Helvetia”) – a company wholly owned by TAS – and covers the supply of software solutions for the creation and management of a payment hub for correspondent ban…
2019-09-25 00:00:00 Read the full story…
Weighted Interest Score: 3.5254, Raw Interest Score: 2.0676,
Positive Sentiment: 0.3405, Negative Sentiment 0.0973

5 Data Science Research Fellow Jobs In India

For a company to thrive irrespective of the domain, research is one of the most important things to consider. When it comes to data science, the domain is so vast that organisations, as well as educational institutes across the world, are investing heavily in research and development.

In this article, we list five latest data science research fellow jobs in India that you can apply for right away:

1. Junior Research Fellowship/Senior Research Fellowship/Research Associate @ IIT Kharagpur

The Indian Institute of Technology, Kharagp…
2019-10-01 11:30:00+00:00 Read the full story…
Weighted Interest Score: 3.4829, Raw Interest Score: 2.0169,
Positive Sentiment: 0.1801, Negative Sentiment 0.0720

Nike Stock Zooms to All-Time High After Blowout Quarter

Dow component Nike Inc. (NKE) rallied to an all-time high in the low $90s overnight after beating fiscal first quarter profit and revenue estimates by wide margins. Revenues rose 7.2% year over year despite tariff headwinds, showing that the sports apparel giant is adapting to the brave new world at a rapid pace. Nike also added icing to the cake by raising both second quarter and 2020 guidance during the conference call, contributing to a euphoric buy-the-reaction that added five points in just a few minutes.

This bullish price action sig…
2019-09-25 13:30:40.146000+00:00 Read the full story…
Weighted Interest Score: 3.3242, Raw Interest Score: 1.6832,
Positive Sentiment: 0.1733, Negative Sentiment 0.3713

Microsoft will use AI to supercharge Novartis’ giant drug-development engine

Microsoft has reached a deal with pharmaceutical giant Novartis that aims to bring the power of artificial intelligence to drug discovery.

“AI is perhaps the most transformational technology of our time, and healthcare is perhaps AI’s most pressing application,” Microsoft CEO Satya Nadella said in a video announcing the partnership.

The five-year deal will establish an “AI innovation lab” at Novartis and create co-working centers at Novartis’ o…
2019-10-01 16:35:03-07:00 Read the full story…
Weighted Interest Score: 3.2571, Raw Interest Score: 1.2132,
Positive Sentiment: 0.3120, Negative Sentiment 0.2426

From Facebook to startups: data science is becoming an engineering problem

For today’s podcast, we spoke with someone who is laser-focused on considering this second possibility: the idea that data science is becoming an engineer’s game. Serkan Piantino served as the Director of Engineering for Facebook AI Research, and now runs machine learning infrastructure startup Spell. Their goal is to make dev tools for data scientists that make it as easy to train models on the cloud as it is to train them locally. That experience, combined with his time at Facebook, have given him a unique perspective on t…
2019-10-01 18:28:37.596000+00:00 Read the full story…
Weighted Interest Score: 3.0023, Raw Interest Score: 1.7341,
Positive Sentiment: 0.2312, Negative Sentiment 0.2023

The next evolutionary leap in artificial intelligence is already driving ROI

Presented by Beyond Limits

AI is a continuum of technology innovation, says Yonatan Hagos, chief product officer at Beyond Limits. If you go beyond the fiction and beyond the hype, you see that the evolution of AI has been prompted by the quest for better answers to business problems. This drive forward is the foundation of the powerful AI solutions we see in action today — and should also be the catalyst for companies to push beyond the limits …
2019-10-01 00:00:00 Read the full story…
Weighted Interest Score: 2.8789, Raw Interest Score: 1.2876,
Positive Sentiment: 0.1431, Negative Sentiment 0.2480

This Techpreneur Is On A Mission To Democratise Healthcare Using AI

When technology is disrupting all the major industries, one of the most deeply affected areas has been healthcare. With a slew of startups and companies bringing innovative AI and analytics-driven solutions, the healthcare industry has seen drastic developments. It has empowered the care-givers through exponential technology, knowledge, resource and infrastructure.

This week we got in touch with one such entrepreneur who has been building diagno…
2019-10-01 11:22:00+00:00 Read the full story…
Weighted Interest Score: 2.8451, Raw Interest Score: 1.3075,
Positive Sentiment: 0.1634, Negative Sentiment 0.2043

PGIM appoints Chief Technology Officer

Roben Dunkin has been named chief technology officer at PGIM, the USD1.2 trillion investment management business of Prudential Financial.

The new role has been established to guide a technology strategy that supports PGIM’s public and private investment businesses and clients globally, including the use of technology to increase efficiency, leverage new data sources, and further enhance the client experience. Dunkin will be based in PGIM’s New…
2019-10-02 00:00:00 Read the full story…
Weighted Interest Score: 2.8070, Raw Interest Score: 2.0070,
Positive Sentiment: 0.4014, Negative Sentiment 0.1004

Why is Machine Learning Deployment Hard?

After several AI projects, I realized that deploying Machine Learning (ML) models at scale is one of the most important challenges for companies willing to create value through AI, and as models get more complex it’s only getting harder.

Based on my experience as a consultant, only a very small percentage of ML projects make it to production. An AI project can fail for many reasons among which deployment. It is key for every decision-maker to fu…
2019-10-02 04:23:14.681000+00:00 Read the full story…
Weighted Interest Score: 2.7533, Raw Interest Score: 1.6761,
Positive Sentiment: 0.1785, Negative Sentiment 0.4066

AIM Announces Second Edition Of MLDS, India’s Largest Summit For ML Practitioners

In an effort to bring the data science and ML developer community together, Analytics India Magazine is launching the second edition of Machine Learning Developers Summit 2020 (#MLDS20), a 2-day conference which will give attendees direct access to top ML innovators from leading tech companies across India.

To be held from January 22 to 23, 2020 at NIMHANS Convention Centre, Bengaluru, MLDS will encourage focus on machine learning in…
2019-10-01 09:58:39+00:00 Read the full story…
Weighted Interest Score: 2.7355, Raw Interest Score: 1.9242,
Positive Sentiment: 0.6791, Negative Sentiment 0.0566

Micron Sell-the-News Reaction Should End Quickly

Micron Technology, Inc. (MU) stock is trading lower by more than 8% in the first hour of Friday’s session after beating fiscal fourth quarter profit and revenue estimates by wide margins but lowering first quarter guidance. A 42% decline in year-over-year revenues also caught the attention of nervous shareholders, contributing to the aggressive sell-the-news reaction that has dropped the chip giant to a three-week low.

The company stated that it is “mindful of continued near-term macroeconomic and trade uncertainties,” giving a nod to tariffs that may deeply aff…
2019-09-27 14:58:42.329000+00:00 Read the full story…
Weighted Interest Score: 2.6880, Raw Interest Score: 1.2145,
Positive Sentiment: 0.1550, Negative Sentiment 0.4134

Data-Driven KPIs Are Pillars For SME Decision Making In 2019

Big data is changing the entire nature of decision-making across organizations of all sizes. Companies on either side of the world have identified countless applications for big data, which is helping them save considerable amounts of money and get better ROIs from various assets.

Big Data is the Foundation of Modern Decision-making

These days, 92% of businesses are using data and analytics to gain greater insights into marketing. Doing so help…
2019-09-30 22:32:58+00:00 Read the full story…
Weighted Interest Score: 2.6827, Raw Interest Score: 1.5014,
Positive Sentiment: 0.4922, Negative Sentiment 0.1723

Mapping Trends, Part One: Opportunity And Angst

[A year ago, we set out to take a deep look at what we’re calling the mapping industry, a 50-year-old industry that operates more in the background than in the full light of day. We identified over 100 important vendors, from data suppliers such as PlaceIQ and Pitney Bowes to full-stack providers like Esri and HERE to application vendors such as Point Inside and Bird.i. We probed on how the industry works, the flow of data, and where the power li…
2019-09-30 09:09:15-04:00 Read the full story…
Weighted Interest Score: 2.6034, Raw Interest Score: 1.6272,
Positive Sentiment: 0.1162, Negative Sentiment 0.1162

Calculating The Fair Value Of Okta, Inc. (NASDAQ:OKTA)

How far off is Okta, Inc. (NASDAQ:OKTA) from its intrinsic value? Using the most recent financial data, we’ll take a look at whether the stock is fairly priced by taking the foreast future cash flows of the company and discounting them back to today’s value. I will be using the Discounted Cash Flow (DCF) model. Don’t get put off by the jargon, the math behind it is actually quite straightforward.

Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every s…
2019-10-01 23:35:24+10:00 Read the full story…
Weighted Interest Score: 2.5884, Raw Interest Score: 1.8566,
Positive Sentiment: 0.0646, Negative Sentiment 0.1292

Socially responsible investing catching on among sovereign funds: study

part of their approach, up from less than half two years ago, according to a study by Invesco released on Monday.

A buzz phrase that is increasingly being folded into how fund managers pick assets, environmental, social and governance’s (ESG) uptake has been more patchy among sovereign wealth funds and central banks which are among the world’s largest global investors.

Invesco found 60% of sovereigns include a top-down ESG policy, up from 46% in 2017. The rate of central banks incorporating ESG has nearly doubled to 20% from 11% in 2017, Invesco found in its survey of 139 sovereign investors and central bank reserve managers….
2019-09-30 12:50:42+00:00 Read the full story…
Weighted Interest Score: 2.5850, Raw Interest Score: 1.5843,
Positive Sentiment: 0.0960, Negative Sentiment 0.0000

Press Release: Agenda Announced for the 24th Annual Enterprise Data World Conference

October 2, 2019– DATAVERSITY Education, LLC and DAMA International announced the agenda and opened registration today for the 24th annual Enterprise Data World Conference (EDW). The event will be held March 22-27, 2020, at the Sheraton Hotel & Marina in San Diego, Calif. For more details about the program, speakers, registration options, and venue, visit http://enterprisedataworld.com.

Last year, over 1,000 business and IT professionals attended…
2019-10-02 07:25:32+00:00 Read the full story…
Weighted Interest Score: 2.5240, Raw Interest Score: 1.6294,
Positive Sentiment: 0.2556, Negative Sentiment 0.0000

Why Pricey US Stocks Will Avoid a Meltdown

Versus other major markets across the globe, U.S. stocks trade currently trade at their biggest valuation premium in at least 40 years, aside from the dotcom bubble era of the late 1990s, creating big concerns among many investors. Nevertheless, there is compelling evidence that U.S. stocks are not overpriced, and thus not in danger of a meltdown, for two major reasons, argues a column in The Wall Street Journal: compared to much of the rest of t…
2019-09-26 14:45:23+00:00 Read the full story…
Weighted Interest Score: 2.5161, Raw Interest Score: 1.2644,
Positive Sentiment: 0.1124, Negative Sentiment 0.0843

TruFactor Democratizes Intelligence-as-a-Service

A recent press release reports, “TruFactor, an InMobi Group company, today announced new customer initiatives which showcase how federal and municipal governments are utilizing AI and consumer intelligence to support critical use cases. Additionally, building upon its launch of a secure data platform for telcos in collaboration with Microsoft earlier this year, TruFactor has introduced new capabilities and APIs to empower data scientists to lever…
2019-10-02 07:15:34+00:00 Read the full story…
Weighted Interest Score: 2.5000, Raw Interest Score: 1.5196,
Positive Sentiment: 0.0980, Negative Sentiment 0.0980

Bringing together deep bioscience and AI to help patients worldwide: Novartis and Microsoft work to reinvent treatment discovery and development

In the world of commercial research and science, there’s probably no undertaking more daunting – or more expensive – than the process of bringing a new medicine to market. For a new compound to make it from initial discovery through development, testing and clinical trials to finally earn regulatory approval can take a decade or more. Nine out of 10 promising drug candidates fail somewhere along the way. As a result, on average, it costs life sci…
2019-10-01 00:00:00 Read the full story…
Weighted Interest Score: 2.4746, Raw Interest Score: 1.0169,
Positive Sentiment: 0.5085, Negative Sentiment 0.2881

10 Visualizations Every Data Scientist Should Know

Originally posted here, by Jorge Castanon.

Ancient ruins are sometimes discovered after long years investigating regions of the world covered by dense jungle or giant forests. The feeling of an archaeologist at that moment of discovery gives a window into the feeling data scientists often have when getting a view of their data — through visualizations — that clarifies a key aspect of the analysis.

Ancient ruins are sometimes discovered after lo…
2019-10-01 16:21:36+00:00 Read the full story…
Weighted Interest Score: 2.4050, Raw Interest Score: 1.1725,
Positive Sentiment: 0.1466, Negative Sentiment 0.0776

Top 10 Indicators Of A Truly Data-Driven Organisation

What does it mean to be a truly data-driven organisation? Does it have anything to do with the infrastructure? Or does it mean that data has to play an important role in the functioning and decision-making within the enterprise?

Questions like these and (obviously) many more are always a part of boardroom discussions — be it in small startups or buttoned-up MNCs.

Most companies in this age are striving to become data-driven. But as we saw from…
2019-10-01 07:28:42+00:00 Read the full story…
Weighted Interest Score: 2.3914, Raw Interest Score: 1.2085,
Positive Sentiment: 0.2571, Negative Sentiment 0.2057

PwC BrandVoice: The Race to Automation: How Data Is Transforming Reporting And Compliance

Transformations in technology and sweeping regulatory reforms have created a more challenging landscape for finance teams. Whether tackling financial compliance requirements or managing a global tax function, many firms are struggling to keep up.

In response to that obstacle, PwC has created a suite of services designed to be a holistic approach to data management, analytics and reporting functions. The platform, dubbed Managed Services, has…
2019-09-30 00:00:00 Read the full story…
Weighted Interest Score: 2.3844, Raw Interest Score: 1.4183,
Positive Sentiment: 0.2467, Negative Sentiment 0.1233

Waze integrates city data-sharing program with Google Cloud

Waze has announced that its data-sharing program for cities will now be made available on the Google Cloud Platform, making it easier for end users to derive insights from the data.

The Google-owned navigation company introduced its Connected Citizens Program (CCP) back in 2014, with 10 initial partners spanning the U.S., Brazil, Spain, Indonesia, and Costa Rica. Among the original launch partners were the New York Police Department, Los Angeles…
2019-10-01 00:00:00 Read the full story…
Weighted Interest Score: 2.2482, Raw Interest Score: 1.3264,
Positive Sentiment: 0.3822, Negative Sentiment 0.0674

Tech Companies Stress Personalization With Solutions for Advisors

“Personalization for custom communications is no longer nice to have — it’s mandatory,” and video is the fastest-growing medium, BlueRush’s Ted Mercer says. (Photo: Shutterstock)

At FinovateFall in New York last week, several of the technology companies exhibiting their latest solutions designed to help advisors, banks and other financial institutions stressed the importance of personalization.

Clear examples of that included BlueRush’s IndiVid…
2019-10-01 00:00:00 Read the full story…
Weighted Interest Score: 2.1343, Raw Interest Score: 1.2968,
Positive Sentiment: 0.1491, Negative Sentiment 0.0447


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