Rage Networks Launches AI Product for Alpha Detection
Big data specialist Rage Frameworks has unveiled its Real Time Intelligence platform for capital markets professionals.
The new product, named Rage RTI, is an industry-first technology application that combines advanced computational linguistics and natural language processing to monitor and interpret unstructured content from over 100,000 news, research, web and social media sources to extract signals based on contextual relevance, according to a press release.
The new technology utilizes a new approach to using artificial intelligence to effectively translate unstructured content into valuable intelligence, the company said.
The ability to quickly assess local and global events reported in the news, emerging research, blogs, and more is an essential element of an effective active investment strategy. However, the incredibly high frequency and heterogeneity of information flow far outstrips the capacity of investment managers and their staffs to process such information.
Rage RTI addresses this need, providing timely and systematic processing of information, automatically interpreting it as it arrives and determining relevance and potential impacts.
The stated objective of Rage RTI is to enable the systematic extraction of signals for the detection of alpha. It can be deployed in as little as 90 days, the company said.
Unlike many technology applications designed for capital markets, the company points out that Rage RTI is not a “black box” – the system’s reasoning is completely traceable to source documents. Users can drill right down to phrases and words in each article and understand precisely how Rage RTI arrived at the conclusions it did.
“RTI delivers the ability to interpret unstructured content with fine-grained contextual relevance, and harness the value of that information like never before,” said Dr. Venkat Srinivasan, CEO of Rage Frameworks, in the release. “The goal of RTI is to enable active managers to systematically discover Alpha using the power of cognitive intelligence.”
Founded in 2001, Massachusetts-based Rage Frameworks provides enterprise level BPO and Big Data solutions and products based on patented technology. The company provides context sensitive semantic intelligence applications for real time interpretation of unstructured and structured data for the investment, risk management, competitive intelligence, life sciences, publishing, and litigation industries.
Source: Rage Networks Launches AI Product for Alpha Detection
Via: Google Alerts for AI