Red Deer, TheySay Partner for 'Deep Text Analytics'

TheySay’s proprietary natural-language processing (NLP) technology reads, interprets, and tags text data.

According to Karo Moilanen, chief technology officer and co-founder of TheySay, “Text data is replete with subtle and rich price-sensitive signals which can be machine-interpreted reliably only with serious natural-language processing and emotional AI technology. We are thrilled to support Red Deer’s state-of-the-art platform through fine-grained information extraction and optimised deep linguistic data enrichment towards entirely new levels of personalised automation, insights discovery, and more nuanced investment intelligence.”

Red Deer will leverage TheySay’s advanced text analytics in its platform to dig out signals and provide context from large volumes of unstructured data and text. The technology is aimed at active investment managers who could use the real-time signals for alpha generation and to enhance investment performance.  Red Deer’s notifications engine automatically alerts users to signals that could impact stock performance, such as negative or positive movements in company sentiment, and key management hires, which can influence an investor’s view of a company.

Red Deer officials say the collaboration will help meet demand from investors who are struggling to process vast amounts of big data and convert it into tradable insights.