Thompson Reuters Powerful Intelligence Indicator Make you Rich $$

in #steemit6 years ago

Thompson Reuters is using your feelings about Bitcoin to make investors rich it could be a powerful business intelligence indicator guys how does the world feel about a cryptocurrency well announced Monday media giant Thompson Reuters has announced a new Bitcoin that data feed designed to make it easier for investors to know that very answer included in the latest release of the company's market a psych indices product a suite of investment tools analyzing everything from companies to sovereign bonds of the Bitcoin sentiment data feed we'll use AI to analyze more than 400 sources of data scouring news articles and social media posts in search of actionable insights

Using metrics such as greed and fear both accredited and non-accredited investors can identify hedging opportunities or create buy sell orders when a particular trait reaches a certain level or changes over a certain period of time sound savvy guys while thomson reuters has long tracked Bitcoin prices and last year made a pushing the applications of blockchain technology broadly this week's launch marks the firm's a formal entrance into products made as specifically a crypto currency traders

This is a big one guys this is a huge win and the reason the reason why this is such a big win is we have a another large conglomerate large company entering in to the blockchain space and a building applications for the blockchain space why do people keep talking about how Bitcoin and blockchain is dead doesn't make any sense these companies like Thomson Reuters wouldn't be formally entering into the fray if the fray was nothing vaporware this is a good sign guys at the metal level and I can get another touching for that I like this guy's

Still Austin a Berkut of the global head of Thomson Reuters quant and feeds division acknowledged that the goal of the product is all as one all investors will find familiar he told point deaths our customers can use it to generate alpha they can drive positive investment returns and they can use it to better balance the risks in their portfolios boom good business intelligence can certainly help with that my friends AI for investing

Well stepping back the Thomson Reuters that Bitcoin the data feed can also be seen as a part of a larger trend among companies offering a aiya services one that has found them seeking to leverage their existing existing tools to fork cryptocurrency investing makes sense crowd sentiment firms a sentiment and token AI for example have emerged to target this use case with a number of others entering in the prices as prices have risen in recent years

At the core of all these investment insights products however our programs called Bayesian filters that apply lessons originally taught about two computers by humans according to Richard Peterson CEO of market psych which created the underlying technology for the thomson reuters at bitcoin feed

In an interview Patterson who is also the author of a trading on a sentiment the power of the power of minds of our markets explained how sentences are found online our first classified by human readers according to any number of traits and how the computer learns over time which relationships are likely indicative and good indicate if indicative I did it guys Indic indicative why I have a problem with that day and how the computer learns over time which relate relationships are likely indicated of certain sentiments

What the hell hope and wories he explained could cause someone to accelerate or withdraw an investment decision and with a bit of fine tuning trends in digital conversations can be identified as leading or lagging investment indicators the machine is then taught the significance of the context of the cryptocurrency related phrase or word machines learning context guys sounds like singularity it sounds like sounds like the end of the world so for example he says that BTC on reddit likely means a Bitcoin whereas the phrase in another context might mean Bellingham Technical College

Probably not in other words while feelings can go a long way to providing alpha in the thomson reuters market sites indices each phrase identified also has to be filtered for context he said adding we have to detect whether it's relevant to crypto currencies well this is intriguing guys so I'm gonna throw this right back to you guys let me know in the comment section below whether you're gonna be checking out this new product by Thomson Reuters called a market psych or rather the latest update to it I'm intrigued if I'm wondering if this good this type of data intelligence will help us make better decisions on the FUD and the FOMO maybe it should not be called the markets like indices product maybe we should just be called the follow indicator and smash the like button for the bitcoin

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For future viewers: price of bitcoin at the moment of posting is 7656.00USD

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