April 6, 2020 Ė Palo Alto, CA - 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 well-informed 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 beforeóeven 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 offeringóweb-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.
Founded in 2015, Yewno is helping the world to uncover the undiscovered through its advanced dynamic Knowledge Graph and AI based inference engine, which introduces an entirely new approach to knowledge extraction. Yewno Inference Engine incorporates machine learning, neural networks, and computational linguistics into an intelligent framework to enhance human understanding by correlating concepts across a vast volume of sources. Headquartered in Palo Alto, CA with offices in London and New York, Yewno is backed by leading investors including Pacific Capital and currently has numerous partnerships across the finance sector, top research universities, publishers, and content aggregators worldwide. Yewno was named Outsell's 2017 Emerging Company of the Year, and was chosen from among 250 major disruptors in the global information industry.
For more information, visit www.yewno.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages more than 50 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from 45 offices on six continents.