Yewno, a leading provider of artificial intelligence solutions, today announces that global research leader Frost & Sullivan has awarded it with the 2020 Global Technology Innovation Award for predictive analytics in the financial services industry.
For many finance professionals, the most Herculean task is making sense of oceans of unstructured data in an attempt to build portfolios, glean knowledge, and make wellinformed decisions on traded equities. Even with the aid of top data providers and teams of analysts, it is impossible to analyze the sheer entirety of information, which grows exponentially moment to moment. Yewno solves the information overload problem by leveraging computational linguistics, machine learning, graph theory, and classical artificial intelligence to extract knowledge and insights from unstructured data, providing instantly, and at a fraction of the cost, what once took months for entire teams of analysts to deliver.
Yewno’s dually patented Knowledge Graph incorporates hundreds of millions of content assets, including news, contracts, patents, and court filings, in either real-time, daily, or quarterly updates (depending on the type of source) on the backend to provide an evolving data framework. The Knowledge Graph also provides the transparency that banking and financial services companies require when vetting information sources.
Yewno’s AI-based framework drives the capabilities of three types of financial products: Data Packages, Index Strategies, and their front-end platform, Yewno|Edge. Yewno draws on experience and expertise to ensure the quality of its solutions and works in close consultation with clients and partners such as STOXX, Nasdaq, and Moodys Analytics, as cited in the Frost & Sullivan report. “The way people work and invest is changing,” says Yewno CEO Ruggero Gramatica, “there has been an explosion of information over the past several years that was never available before—even to the most sophisticated investors. The way we invest has become more digital and automated. This is the time for disruptive solutions, and that’s what we’re offering—web-based tools for deep analytics, available at your fingertips, instantly.”
Yewno’s high degree of specialization and conservative price point prove it to be an invaluable service for banking and financial services professionals, as well as individual investors,” states Clare Walker, Industry Principal at Frost & Sullivan. “We believe this groundbreaking technology is a massive turning point for investors and financiers of all stripes.”
Frost & Sullivan analysts follow a 10-step process to evaluate Award candidates and assess their fit with select best practice criteria. The reputation and integrity of the Awards are based on close adherence to this process. Their global teams of analysts and consultants research a spectrum of markets in multiple industries and regions, and identify companies that consistently pursue or invest in new technologies, enabling them to serve their customers more effectively and grow at a rate above the industry average.