Dataminr in the News
8 Feb 2017:
Wall Street is paying particularly close attention to Trump’s tweets for one simple reason: they move markets. The president has moved individual stocks by criticizing U.S. manufacturing companies for moving factories abroad and pharmaceutical companies for drug prices; more broadly, tweets offering clues on foreign policy and trade deals — or wars — have the potential to stir volatility.
“Washington is a big driver of the market, and there’s so much uncertainty in Washington right now,” said George Goldman, vice president and head of finance sales at alternative-data provider Dataminr. “Communicating a change in policy used to be via the state of the union address or a press conference. Now it’s being done via Twitter. It has upended the traditional way of communicating.”
6 Feb 2017:
Journalists are busy. Between Facebook, Twitter, email and — oh, yeah, actual face-to-face interviews — the last thing reporters want to do is check another window.
Into this attention-starved funhouse enters Dataminr, which since 2014 has served as a kind of early warning system for journalists searching for breaking news stories. Dataminr’s algorithms sift through every tweet, roughly a half-billion per day, to identify big stories as they’re beginning to surface.
31 Jan 2017:
We’re thrilled to be a platform partner of Slack for the launch of Slack Enterprise Grid! Together we’re transforming how media organizations collaborate in real-time around breaking news.
The enterprise-ready Dataminr for News Slack App delivers the fastest tips to breaking and pre-viral news stories into a dedicated channel, allowing quick, seamless collaboration within media organizations.
Dataminr selected to the 2017 AI 100, Highlighting Advancements in Business Intelligence and Analytics
11 Jan 2017:
CB Insights today selected Dataminr to the prestigious Artificial Intelligence 100 list (“AI 100″), a select group of emerging private companies working on ground breaking artificial intelligence technology. CB Insights CEO and co-founder, Anand Sanwal, revealed the winners during The Innovation Summit, a gathering of top executives and investors to explore the industries of the future.
4 Jan 2017:
“In the past few months, our network has doubled in size and we are delighted to welcome new members, including The Associated Press, ABC News, BBC News, Banjo, Bloomberg, Dataminr, Deutsche Presse-Agentur, the Guardian, NBC, NowThis, Rappler, Reuters, Sky News, Trinity Mirror and Zeit Online.”
7 Dec 2016:
“I think in three to five years, everyone will be using alternative data,” said George Goldman, Vice President and Head of Finance Sales at Dataminr. “It’s not an if, it’s a when do people figure out how to incorporate this into their investment processes. If you’re not at least thinking about it now, you’re going to be left behind.”
Breaking News for Public Safety
15 Nov 2016:
Dataminr offers breaking news alerting products that help over 300 news organizations and hundreds of investment firms & corporations learn about breaking news and breaking events before mainstream coverage. A limited version of our breaking news alerting product is also available to the FBI, ensuring that they are also alerted to the same emerging stories and events as early as possible. Knowing about breaking news quickly is key for ensuring public safety and the fastest emergency response. Dataminr is not a product that enables surveillance.
3 Nov 2016:
One source of alternative data that can help manage risk is social media, Twitter for example. The microblogging platform’s feed is a virtual firehose of unstructured data. While the vast majority of tweets may be irrelevant or immaterial to an active investment manager, there are data points that can be deployed in the mission-critical quest to manage risk.
“The presence of a signal that looks like it will cause market volatility, is in itself a useful indicator in risk management,” said George Goldman, Vice President – Head of Finance Sales at Dataminr. “From there you can at least alert someone in the risk management group that there is potential volatility ahead.”
20 Oct 2016:
“There is some commoditized data coming out of Twitter, from the very well-known commentators or experts, or verified accounts such as CEOs of companies and corporations themselves,” said Justin Manikas, a product and business development director at Dataminr. “That information is available to pretty much anyone who has internet access.” Dataminr’s business is to turn the entire universe of publically available Tweets into real-time actionable information.
“The real differentiated insights come from the rest of the Twitter universe, from the relatively unknown users who are not coming to the table with a financial background,” Manikas said.
30 Sep 2016:
Recognizing the value in the information on Twitter and other social media outlets — and the difficulty in distilling it — a bevy of fintech entrepreneurs has emerged to find the proverbial needle in the haystack. While observers note that the development and utilization of such tools are in the early innings, the methodology is making money for people today.
27 Sep 2016:
Your phone chirps. It’s a text from the CEO. She is asking about the attempted coup in Ankara. How will it affect the supply chain? What is the contingency plan? Unfortunately, the incident happened about 45 minutes ago — this is the first you’re hearing about it.
Social media is transforming corporate security in fundamental ways. Dataminr’s Dillon Twombly details the five trends chief security officers, intelligence analysts and others need to consider when building a social media strategy.
20 Aug 2016:
Early this year a local reporter tweeted that the FBI was raiding the offices of United Development Funding, a sponsor of real-estate investment trusts in Grapevine, Texas. It took other investors around ten minutes to hear the news and to push its shares down by 50%, by which time Dataminr’s clients had been able to short them.
18 Aug 2016:
Dataminr is one of the few companies able to handle the entire publicly available Twitter dataset (known as the firehose), using the platform’s wide swath of data to build smarter algorithms and better real-time alerts for its clients. Today, Dataminr says the learning curve from complete real-time data access over years is key to how it services business verticals in finance, corporate security, news gathering, and within the public space.
16 Aug 2016:
As fast as news is reported now by traditional media outlets, by the time the information hits the headlines, the market has already priced it in. The key is getting ahead of the crowd.
That’s where Dataminr has essentially cornered the market. The company leverages the power of perhaps the most effective real-time user-generated content platform in the world: Twitter.
7 Dec 2015:
“Hedge funds are increasingly using services like Dataminr to gather lightning-quick intel on social media.”
Today, Dataminr specializes in identifying black-swan events, or “unknown unknowns,” as Bailey calls them, before the market reacts. It uses machine learning and cross-references 30 other data sets—from maps to triangulate users’ locations, to patent data, to stocks’ movement—to identify tweets and trends with impact, based on unusual patterns and “clusters” of similar tweets.
Dataminr for News: An industry-changing product that was successfully created through a direct data partnership with Twitter
29 Apr 2015:
After a little more than a year since the launch of Dataminr for News, a product jointly developed by Dataminr and Twitter, we at Dataminr are thrilled that the product has exceeded all expectations.
17 Mar 2015:
Dataminr, the big data analysis tool beloved by journalists and hedge funds, has raised $130 million from an array of high-profile investors. Founded in 2009, Dataminr automatically trawls social media and other information sources using complex algorithms to identify potential significant or newsworthy posts, and then flags them for its clients in real time. It’s used on Wall Street, where having the edge on market-moving news — a fire on a factory, say, or a product recall — can make all the difference.
17 Mar 2015:
“Twitter is a performative tripwire for events that happens around the world.”
For businesses that rely on external data to help make decisions or just know what is going on, this is a potential goldmine, but one that requires a lot of refining in order to extract the most valuable nuggets and to make the nicest ingots.
And that is where Dataminr comes into the picture, with algorithms that are used to filter social media services to pick up signals for developing stories.”