Wednesday, July 7, 2010

Its All About the Billions of Computations, Patterning Algorithms and Alerting in News Patterns


Here is an interesting anecdote about the use of News Patterns as a market analysis and discovery tool. 

Each day, we collect 10,000 articles related to Wireless industry as part of our "sector chief" assist to our clients.  This figure does not even include social media inputs.  Obviously, one cannot read or even scan them all.  Nevertheless, the goal is to find trends or discover new combinations among competitors, customers, technologies, resources, regulations, etc.

In Wireless Application radar, we noticed a new combination that was outlined in yellow, signifying that the connection was new and not seen in recent history.  Using a 1 to 1 permutation calculation, there was a 1 in 800 chance that we would have attempted to make that specific connection, even if we had the patience to create the specific AND logic to search the combination.  (The 800 figure is derived from a starting point of 40 open folders/topics using the equation of n!/(2(n-2)!)

Upon clicking on the highlighted yellow connecting line between Windows Mobile (software) and HTC (handset manufacturer), our news analysis system surfaced a rumor that handset manufacturer HTC might be coming out with a Windows phone as rumored in the UK.  This market scenario was interesting to our team and will be tracked for further news patterns developments.


Its about the billions of computations, patterning algorithms and alerting in News Patterns that we could go from 10,000 articles and 800 combinations to an interesting discovery in seconds.