Digital Contact Readies Big Data Analysis Platform

The platform will help firms wade through social media, news and blogs

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The web-based platform harnesses the vendor's analytics ‘insight engine' to monitor and capture information from social media, blogs and news sites not behind a paywall, delivering indicators, patterns, trends and predictive metrics to traders in real-time.

The platform has been in development for around three years and uses machine-learning algorithms, which means the developers have been able to "educate it around certain events," says Gareth Mann, chief executive of Digital Contact. "We can h