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By Jad Malaeb, Benzinga
Turning abstract and unstructured data into actionable information can feel like a monumental task, yet it often has a great effect on businesses.
“Reputation,” for example is an abstract concept that will likely generate a different definition depending on who you ask, but its impact is so important that it is included in financial statements like balance sheets (in the form of Goodwill and other designations). Similarly, sentiment, another valuable abstraction created from Tweets, “Reddit Storms” and Facebook groups, can often lead to a significant impact on businesses, generating trends, spending sprees and brand loyalty that translate into profits. But interpreting this information is a difficult task and using it to generate actionable insights is even more challenging.
When trying to figure out how unstructured data affects one’s business and surroundings, it’s often best to consult experts. As a technology company specializing in the analysis and tracking of legislation and regulations in the U.S. and abroad, FiscalNote Holdings Inc. (NYSE: NOTE) is a preferred destination for some of the biggest organizations in the world, including the U.S. government itself – and its latest acquisition can help make sense of the flow of social media information and other unstructured data to get the most value from it.
Interpreting Unstructured Data Using FiscalNote’s Aicel Technologies
Recently, FiscalNote acquired Aicel Technologies, a rapidly-growing alternative data company based in Seoul, South Korea. Aicel processes both proprietary and licensed data, including trade and export information, patent filings and aggregated consumer and retail transactions, on a subscription basis for customers such as asset management companies, multinational corporations, hedge funds and investment firms.
In the complicated task of turning abstractions into actionable data, Aciel is a specialist.
The company uses advanced technology to collect, refine, process, and deliver tailored data to customers while also powering a data exchange marketplace through its Data-as-a-Service model. As an alternative data platform, Aicel allows users to capture value and insight from unstructured data, helping blue-chip customers like hedge funds, asset managers and quant firms capture alpha-generating opportunities.
Aicel will augment FiscalNote's existing AI data products, including FiscalNote AI Solutions, DataHunt, and Predata, and its growth strategy by expanding alternative data sources, deepening expertise in sophisticated artificial intelligence, data transformation, data ingestion, and API development. The combination of Aicel with FiscalNote will accelerate the continued expansion of its customer base and revenues through a strong network of established partners, as well as sales and marketing relationships with leading firms.
Whether it’s Tweets, blog posts, market prices, user information or consumer trends, FiscalNote’s newly acquired tool, Aicel, will sift through a myriad of seemingly nonsensical data and provide users with a structured, insightful path to capturing business opportunities.
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