Alternative Data News. 30, 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.


CloudQuant proves the Value in Environmental Social and Governance (ESG) Alternative Data

Chicago, Illinois, USA, October 30, 2019 – CloudQuant LLC has proven the value in the G&S Quotient Environmental, Social, and Governance (ESG) alternative dataset. The detailed data science study shows a long-short portfolio with a five-day or twenty-day position holding period produces an investment strategy with single year Sharpe Ratios(1) as high as 2.046 and Alphas as high as 5.24%. The study shows that the dataset is highly distinct from other standard and so-called “smart-beta” factors.

ESG Cummulative Returns by CloudQuant

ESG Investing is based on the premise that firms with higher quality management and resources will operate in an environmentally efficient and socially responsible way and be well-governed and better positioned to withstand emerging threats and capitalize on new opportunities.(2) The daily updated G&S Quotient data set provides 76 detailed measurements of issues that measure extra-financial information about publicly traded firms.

2019-10-30  Read the full story…

State of Enterprise AI In India 2019 | Analytics India Magazine & BRIDGEi2i

It’s futile to deny it, but Artificial Intelligence(AI) is no longer the buzzword of tomorrow, it’s a striking reality of today, and the enterprise landscape of AI has never looked more promising than it does today!

By 2022, the global business value created by AI will touch a whopping $3.9 trillion, and spending on AI systems is expected to reach $79.2 billion1. Forecasts estimate that AI technologies will pervade every software product2 next year, and AI software revenue is expected to grow to 118.6 billion by 20253. All these are tantamount to the fact that AI is no longer just a differentiator but a core part of business functions!
2019-10-30 16:37:03+05:30 Read the full story…
Weighted Interest Score: 4.3596, Raw Interest Score: 1.6814,
Positive Sentiment: 0.3630, Negative Sentiment 0.0960

CloudQuant Thoughts… We have long admired the research and innovation coming out of India in AI ML and Alternative Data. Our headline dataset at the top of today’s post is from an Indian Research group GS&Q. It should be no surprise if India ends up in 3rd place for AI and ML behind China and the US.

Google Cloud and AWS see winning over exchanges as key to pitching Wall Street holdouts on the public cloud

Exchanges are emerging as a key proving ground for public cloud providers who are hoping to eventually convince all of Wall Street to move to their tech. While most financial firms are still pondering their approach to moving off physical databases and onto remote servers managed by Amazon, Google, and Microsoft, trading venues have surged ahead in actual adoption and are proving to be one of the most progressive groups of users on Wall Street when it comes to using the public cloud.

In October, Chicago-based CME Group announced a partnership with Google Cloud to offer its real-time futures and options market data. The news came only a month after German exchange Deutsche Borse Group said it would work with Google Cloud as it revamps its technology. “I think it’s a turning point that the exchanges are looking to the cloud overall,” Tais O’Dwyer, global director of financial services strategy and solutions for Google Cloud, told Business Insider.

2019-10-30 00:00:00 Read the full story…
Weighted Interest Score: 4.1806, Raw Interest Score: 1.8834,
Positive Sentiment: 0.2126, Negative Sentiment 0.1823

CloudQuant Thoughts… “Improvements in Security and Reliability” are mentioned often in these recent articles about Exchanges around the world moving their data onto the Cloud. What is missing? Timeliness. This suggests that what they are moving is historical data. Even so, making historical market data available in bulk from the original providers rather than third parties is a massive step in the right direction.

Location, Location, Location! in data science

How do we embrace the location component in Data Science? Is it only another column in your dataset? Or perhaps spatial is special.

You have heard this many times. It is a common mantra in real estate. Does that apply in data science as well? How do we embrace the location component in Data Science? Is it only another column in your dataset? Or perhaps spatial is special.

Location data (big data) is ubiquitous as we create zillions of geographic data every day from tweets and geotagged images to smartphone tracking services. However, in data science, location component is not deeply integrated into the mainstream. In this article, I highlight some of these loosely integrated location data science aspects as well as the potential for establishing a tightly integrated system.

2019-10-29 23:23:27.426000+00:00 Read the full story…
Weighted Interest Score: 3.2841, Raw Interest Score: 1.9380,
Positive Sentiment: 0.0923, Negative Sentiment 0.1107

CloudQuant Thoughts… Location data should not be cast aside as just another column of data. As the article attests referencing John Snow’s cholera analysis, “With the outbreak of Cholera in London 1854, John Snow mapped geographic locations of deaths and discovered a cluster of death in two water sources.  Arguably this is one of the first data science and data analysis cases documented.” Anyone who has used Microsoft’s Power BI with data that contains location has had the chance to experience the thrill of seeing their data immediately and simply mapped by location on a 3D globe. Modern Big Data systems can process GIS (geographic information system) data in new and exciting ways. If you are looking for something different, perhaps Location Data is worth a look?

IIT Madras Researchers Develop ‘AISoft’, An AI Algorithm To Solve Engineering Problems

After the recent announcement on their plans to double the number of seats for its Inter-Disciplinary Dual Degree (IDDD) program on Data Science, IIT-Madras is in news again. This time for its plans to establish an AI startup. This comes after a team of researchers at the institutes led by Vishal Nandigana, assistant professor, Fluid Systems Laboratory, Department of Mechanical Engineering, IIT-Madras developed the AI and Deep Learning algorithms.

Called ‘AISoft’, it aims to address engineering problems in various fields such as thermal management, semiconductors, automobile, aerospace and electronics cooling applications. According to researchers, AISoft has been tested to solve thermal management problems. “We found it to be nearly million-fold faster compared to existing solutions currently used in the field,” one of the researchers was quoted as saying.
2019-10-29 18:46:39+05:30 Read the full story…
Weighted Interest Score: 4.6756, Raw Interest Score: 1.9414,
Positive Sentiment: 0.0955, Negative Sentiment 0.5411

WeBank Is Driving Financial Inclusion At Scale In China

Around the world, the financial services industry has historically under-served or even excluded millions of consumers and SMBs (small- and medium-sized businesses) that are not considered profitable customer segments. Still today, large numbers of people and businesses do not rely on banks to help them meet their day-to-day financial needs. But you know how the story goes: Where there’s a need, there’s now a fintech startup ready to innovate fast and furiously to serve those unmet needs at a fraction of the cost. And as the market changes rapidly, more and more financial services firms are considering adding financial inclusion as an item to their agenda.
2019-10-25 14:33:39-04:00 Read the full story…
Weighted Interest Score: 3.7821, Raw Interest Score: 1.6616,
Positive Sentiment: 0.3776, Negative Sentiment 0.1762

Exegy® Expands DataPort Service to CME

Exegy Inc. today announced a new point-of-presence (POP) to provide normalized CME market data via its DataPort service in the Cermak, Illinois data center. Exegy’s DataPortSM offers a-la-carte connections to market data feeds processed by hardware-accelerated appliances in global co-location data centers including Secaucus, New Jersey; Hong Kong; London; and Frankfurt. The POP adds futures to existing equities and options offerings.

Exegy provides comprehensive managed services including continuous monitoring, change management, and an on-demand service desk. Customers connect to the DataPort service via RDMA over Converged Ethernet (RoCE) or TCP/IP via a local network cross-connect.
2019-10-28 00:00:00 Read the full story…
Weighted Interest Score: 3.7655, Raw Interest Score: 1.9103,
Positive Sentiment: 0.2729, Negative Sentiment 0.0000

Telecom Stocks Well Positioned for Long-Term Upside

AT&T Inc. (T) is trading higher by more than 2% in Monday’s pre-market despite missing third quarter revenue estimates by over $1 billion, with shareholders narrowly focused on three-year financial guidance that calls for 1% to 2% per year revenue growth. The long-term plan includes an active review of all assets, with an eye on selling non-performing units, in line with demands made by activist shareholder Elliott Management.

2019-10-28 14:46:24.476000+00:00 Read the full story…
Weighted Interest Score: 3.6265, Raw Interest Score: 1.6204,
Positive Sentiment: 0.3086, Negative Sentiment 0.2829

Microsoft Testing Bull Market High After Strong Quarter

Dow component Microsoft Corporation (MSFT) is trading higher by about 2% at Thursday’s opening bell after beating profit and revenue estimates for the 14th consecutive quarter. The software giant reported healthy growth in its business, cloud, and personal computing divisions, highlighting the perennial domination of its product line around the world. The somewhat muted reaction isn’t surprising because the stock has already risen more than 35% so far in 2019.

The company has been bulletproof so far this year, showing no signs of weak…
2019-10-24 15:29:00.888000+00:00 Read the full story…
Weighted Interest Score: 3.0536, Raw Interest Score: 1.6735,
Positive Sentiment: 0.2575, Negative Sentiment 0.3605

The rise of the platform economy in financial services

Platforms, APIs and open banking are rewriting the rules and creating powerful new ways to engage with the customer at lower cost. When it comes to future technologies how should bank leaders shape their strategy to embrace digital and make the most of the opportunities in the face of limited budgets, rising costs and a tight skills market? I reached out to five of the leading global fintech influencers to hear their points of view on where the i…
2019-10-24 00:00:00 Read the full story…
Weighted Interest Score: 3.0177, Raw Interest Score: 1.3131,
Positive Sentiment: 0.5177, Negative Sentiment 0.1136

Zebra Technologies’ Q3 in Black and White: 19% Earnings Growth

Data organization expert Zebra Technologies (NASDAQ:ZBRA) reported third-quarter results early Tuesday morning. The company, best known as a global provider of bar code scanners and related data management tools, posted a solid earnings surprise thanks to strong market interest in data capture devices and support services.

Zebra Technologies’ third-quarter results by the numbers

Metric Q3 2019 Q3 2018 Change Net sales $1.13 billion $1.09 billio…
2019-10-30 00:00:00 Read the full story…
Weighted Interest Score: 2.9462, Raw Interest Score: 1.3951,
Positive Sentiment: 0.1502, Negative Sentiment 0.1073

Data Orchestration Brings Your Data Closer and Makes Access Faster

Data orchestration means trying to bring order and speed to a complex Big Data ecosystem, a conglomeration of storage systems like Amazon S3, Apache HDFS, or OpenStack Swift and computation frameworks and applications such as Apache Spark and Hadoop MapReduce. The data stack is fragmented and performance-challenged by a proliferation of data silos.

The technology aims to break through the “walled gardens” that today inhibit the ability for appli…
2019-10-22 07:35:57+00:00 Read the full story…
Weighted Interest Score: 2.7778, Raw Interest Score: 1.5136,
Positive Sentiment: 0.0832, Negative Sentiment 0.0998

What to Watch When Apple Reports Earnings

Phew.

We’re nearly halfway through earnings season.

So let’s take a look at earnings season, and what investors should be watching for.

Jeff Marks, senior portfolio analyst with Jim Cramer’s Action Alerts PLUS portfolio, sat down with TheStreet to break down the key things that he’s watching when it comes to earnings season–and, of course, what he expects to hear when Apple AAPL reports earnings.

One thing Marks is expecting to hear about du…
2019-10-30 05:43:00-04:00 Read the full story…
Weighted Interest Score: 2.7564, Raw Interest Score: 1.0296,
Positive Sentiment: 0.0000, Negative Sentiment 0.1287

BBVA chairman: data blurring industry lines

a, we could do a lot more,” said Vila speaking at the Money 2020 US conference in Las Vegas this week. “We are seeing that the data revolution is blurring the lines of industries, also because of the data driven business of the data driven economy.

“Imagine if a company, a bank, or non-bank could have access to different types of data – not only the data that the company has gathered, but maybe data that a client has in another platform. That would allow that business to use the data to support other aspects of the life of that customer.”

Vila said there is still a long journey ahead in perfecting the …
2019-10-29 00:00:00 Read the full story…
Weighted Interest Score: 2.7531, Raw Interest Score: 1.5098,
Positive Sentiment: 0.1776, Negative Sentiment 0.0888

Morningstar Teams With Millennium Trust on Mutual Funds: Portfolio Products

Employees get access through an online portal. (Image: Thinkstock)

Millennium Trust partnered with Morningstar Investment Management on a mutual fund lineup that’s being made available to customers of Millennium’s recently announced Workplace Savings Solutions suite of retirement savings options for small businesses.

The funds were selected to “provide investors with appropriate choices for long-term investment strategies,” Millennium Trust sai…
2019-10-28 00:00:00 Read the full story…
Weighted Interest Score: 2.7474, Raw Interest Score: 1.5103,
Positive Sentiment: 0.1607, Negative Sentiment 0.0000

Ride the Data Governance 2.0 Wave

Companies were engaged in Data Governance practices such as Data Lineage and Data Quality for years before the concept of Data Governance emerged as a mainstream enterprise-level activity in 2005, said Kelle O’Neal, the founder and CEO of First San Francisco Partners, during her DATAVERSITY® Enterprise Data Governance Online event presentation titled Data Governance 2.0.

Driven by an awareness that survival meant that data should be at the heart…
2019-10-29 07:35:46+00:00 Read the full story…
Weighted Interest Score: 2.7011, Raw Interest Score: 1.7788,
Positive Sentiment: 0.2098, Negative Sentiment 0.1175

The Last Defense against Another AI Winter

2. The Big Picture: the Interest in and Supply of AI

We have been experiencing an “AI Spring” (e.g. lots of excitement about AI) since 2012. This was due to technological breakthroughs, commercialization of Deep Learning, and cheap computation. Such uptick in interest in AI is largely driven by the work from Alex Krizhevsky (a student of Geoff Hinton and co-worker of mine) and investment from firms like Google and Nvidia.

We had similar AI Spri…
2019-10-30 12:48:12.276000+00:00 Read the full story…
Weighted Interest Score: 2.6672, Raw Interest Score: 1.1767,
Positive Sentiment: 0.3432, Negative Sentiment 0.2844

The head of IBM’s Watson outlines how tech leaders can avoid the pitfalls that doom AI projects to failure

Chief technology, data, and innovation officers are often managing enterprise-wide digital upgrade efforts.

To succeed, the leaders need tech chiefs within respective business units — like logistics or human resources — to implement the overall digital strategy, argues IBM’s Rob Thomas, a model he refers to as “hub-and-spoke.”

But overcoming cultural barriers within organizations remains a challenge in adopting artificial intelligence and other…
2019-10-29 00:00:00 Read the full story…
Weighted Interest Score: 2.5489, Raw Interest Score: 1.2754,
Positive Sentiment: 0.3142, Negative Sentiment 0.2403

Pfizer’s Q3 Earnings: A Tale of 3 Companies That Investors Should Enjoy

Pfizer (NYSE:PFE) announced its third-quarter earnings results before the market opened on Tuesday. All you have to do is look at the stock’s performance in the early hours of trading — Pfizer’s shares jumped more than 3% out of the gate — to know that investors liked what they heard.

This latest quarterly update was quite different from past earnings announcements. Why? Because Pfizer essentially told a tale of three companies.

1. The Pfizer…
2019-10-29 00:00:00 Read the full story…
Weighted Interest Score: 2.4855, Raw Interest Score: 1.0605,
Positive Sentiment: 0.2079, Negative Sentiment 0.1456

Lam Research Corporation Just Beat Earnings Expectations: Here’s What Analysts Think Will Happen Next

It’s been a pretty great week for Lam Research Corporation (NASDAQ:LRCX) shareholders, with its shares surging 16% to US$270 in the week since its latest quarterly results. Lam Research reported US$2.2b in revenue, roughly in line with analyst forecasts, although earnings per share (EPS) of US$3.09 beat expectations, being 7.3% higher than what analysts expected. This is an important time for investors, as they can track a company’s performance i…
2019-10-28 01:41:17+11:00 Read the full story…
Weighted Interest Score: 2.4772, Raw Interest Score: 1.3234,
Positive Sentiment: 0.0962, Negative Sentiment 0.1444

Twitter Stock in Freefall After Weak Quarter

Twitter, Inc. (TWTR) stock has sold off more than 18% and dropped to a seven-month low in Thursday’s pre-market session after the company missed third quarter profit and revenue estimates while lowering fourth quarter guidance. The company blamed “product issues” and greater-than-expected seasonality for the shortfall, which has broken 200-day exponential moving average (EMA) support for the first time since January.

The across-the-board shocker dumped the social media giant’s shares more than 20% prior to a weak bounce, with departing shareholders worried that well-published gr…
2019-10-24 14:20:48.365000+00:00 Read the full story…
Weighted Interest Score: 2.4768, Raw Interest Score: 1.4414,
Positive Sentiment: 0.0772, Negative Sentiment 0.4633

Apple Reports Earnings on Wednesday: 7 Important Things to Watch

Apple’s (AAPL) stock is up 12% since the company unveiled its latest iPhones in mid-September, as signs keep emerging that demand for the phones is better than originally expected.

That spells somewhat higher expectations going into Wednesday’s September quarter (fiscal fourth quarter) earnings report. On average, analysts polled by FactSet expect revenue of $63.02 billion (roughly flat annually) and GAAP EPS of $2.83 (down 3%).

For the Decembe…
2019-10-29 15:17:03-04:00 Read the full story…
Weighted Interest Score: 2.4648, Raw Interest Score: 1.3592,
Positive Sentiment: 0.1658, Negative Sentiment 0.0663

The Challenges of Leveraging Big Data

Organizations from all over the world are gathering, analyzing, and evaluating huge data volumes from a large variety of sources, with the goal of increasing productivity and efficiency. Big Data Analytics is being used to stop credit card fraud, anticipate hardware failures, and reroute internet traffic to avoid congestion. Big Data technologies can improve network operations and this data can also provide an understanding of the organization’s …
2019-10-30 07:35:55+00:00 Read the full story…
Weighted Interest Score: 2.3730, Raw Interest Score: 1.4137,
Positive Sentiment: 0.1616, Negative Sentiment 0.4443

Despite Much Demand, Why Is It So Difficult To Land A Job In Data Science

The demand for data science across the industries is real. Over the past few years, the domain has been experiencing a rapid rise in jobs across the world and India is one such country that is experiencing a data explosion. According to one of our reports, the total number of analytics and data science job positions available are 97,000. Out of these, 97% of job openings in India are on a full-time basis while 3% are part-t…
2019-10-30 17:00:22+05:30 Read the full story…
Weighted Interest Score: 2.3170, Raw Interest Score: 1.4272,
Positive Sentiment: 0.1483, Negative Sentiment 0.4449

Duality, a security startup co-founded by the creator of homomorphic encryption, raises $16M – TechCrunch

The ubiquity of APIs and cloud solutions have opened up a world of interesting ways for businesses to create a service without having to build every part of it themselves. But they have unleashed something else, too: an increased risk of breaches resulting from data being moved and used in multiple places and in multiple ways. Now, a startup that has built a way to help safeguard against that threat — using homomorphic encryption — is announcing …
2019-10-30 00:00:00 Read the full story…
Weighted Interest Score: 2.2627, Raw Interest Score: 0.9812,
Positive Sentiment: 0.2403, Negative Sentiment 0.1602

New Deep Learning Startup, OctoML, Launches to Automate Deployment of Deep Learning

According to a recent press release, “OctoML is leveraging the power and traction of Apache TVM, an open source project originated by the founding team, to enable companies of every size to harness the power of deep learning without the expensive heavy lifting of tuning and securing models to each hardware configuration that a customer might need. Apache TVM is an automated deep learning model optimization and compilation stack that powers effici…
2019-10-29 07:10:16+00:00 Read the full story…
Weighted Interest Score: 2.1945, Raw Interest Score: 1.5439,
Positive Sentiment: 0.3563, Negative Sentiment 0.0000

Digital Realty To Combine With Interxion

Strategic Transaction to Position Combined Company as Leading Global Provider of Data Center Solutions with Enhanced Presence in Major European Metro Areas

SAN FRANCISCO and AMSTERDAM, Oct. 29, 2019 /PRNewswire/ — Digital Realty (NYSE: DLR) and Interxion (NYSE: INXN) announced today they have entered into a definitive agreement to combine their businesses to create a leading global provider of data center, colocation and interconnection solution…
2019-10-30 13:04:23+00:00 Read the full story…
Weighted Interest Score: 2.1871, Raw Interest Score: 1.5206,
Positive Sentiment: 0.3122, Negative Sentiment 0.0520

LEI Adoption Could Save Banks Up To $4bn

Research conducted by McKinsey on behalf of the Global Legal Entity Identifier Foundation (GLEIF) has concluded that wider use of Legal Entity Identifiers (LEIs) across the global banking sector could save the industry U.S.$2-4 billion annually in client onboarding costs alone. With estimated total industry spend on client onboarding equal to U.S.$40 billion per year, productivity improvements gained through LEI usage could generate cross-sector …
2019-10-29 09:33:47+00:00 Read the full story…
Weighted Interest Score: 2.1317, Raw Interest Score: 1.4385,
Positive Sentiment: 0.2773, Negative Sentiment 0.0867

ESG Bucks Trend Of Declining AUM

The pace of change within the investment industry is accelerating, under pressure from regulatory activity, fee compression and the high cost of technology. Amidst this change, there is growing appreciation among fund managers of the importance of sustainability and of organisational culture.

#TAIResearch into the top 500 #FundManagers found there is growing appreciation for the importance of effective #culture: https://t.co/lsSAZ0Hf6I pic.twitt…
2019-10-30 12:00:28+00:00 Read the full story…
Weighted Interest Score: 2.1301, Raw Interest Score: 1.1964,
Positive Sentiment: 0.2626, Negative Sentiment 0.2918

Using CDC to Power Real-time Analytics

Click here to learn more about author Joe DeBuzna.

Snowflake is the first data warehouse and analytics service to be built for the cloud. Since Snowflake’s introduction in 2012, companies have flocked to it in order to minimize costs and simplify implementation and management of their data warehouse infrastructure. With Snowflake’s cloud-native architecture, organizations no longer need to purchase, install, configure, and manage the infrastruct…
2019-10-28 07:35:53+00:00 Read the full story…
Weighted Interest Score: 2.1298, Raw Interest Score: 1.3254,
Positive Sentiment: 0.2601, Negative Sentiment 0.0248

Tactile Mobility raises $9 million to derive insights from vehicle sensor data

Tactile Mobility, a tactile virtual sensing and data company headquartered in Haifa, Israel, today announced that it’s secured $9 million in funding from Porsche, Union Tech Ventures (the technology investment arm of the Union Group), and previous investors. Tactile Mobility chairman and managing partner of LAIG investments Jorge De Pablo noted that the company is collaborating with “several” global OEMs (including Ford and Porsche) and road auth…
2019-10-29 00:00:00 Read the full story…
Weighted Interest Score: 2.0811, Raw Interest Score: 1.2987,
Positive Sentiment: 0.1353, Negative Sentiment 0.0812


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