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A software solution for the f inancial and market data industry

Crowd Computing: The Revolutionary Evolutionary Solution to the Content Industry’s Problems. A software solution for the f inancial and market data industry. Adam Devine VP | Product Marketing & Partnerships CrowdComputing Systems, Inc. NFAIS Annual Conference February 25 , 2014.

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A software solution for the f inancial and market data industry

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  1. Crowd Computing: The Revolutionary Evolutionary Solution to the Content Industry’s Problems A software solution for the financial and market data industry Adam Devine VP | Product Marketing & Partnerships CrowdComputing Systems, Inc. NFAIS Annual Conference February 25, 2014

  2. A relatable problem faced by content providers: do more with less. 40,000 legal entity records updated 1x / year CUSTOMER wants more, faster, and cheaper content sets Maxed-out 15-person team facing budget cuts. DATA is rising in volume, variety and velocity

  3. The content industry is struggling. SHRINKING MARGINS COMMODITIZATION INDUSTRIALIZATION RISING COSTS REGULATIONS RISING WAGES INEFFICIENCY

  4. Data providers are hitting two big road blocks. • TECH • GUI • SOURCING • PROCESSING • ETL • WORKFORCE • UNSCALABLE • INFLEXIBLE • SLOW • EXPENSIVE

  5. You’ve probably squeezed all of the potential productivity out of your FTE workforce.

  6. You may have even added automation and crowdsourced / freelance workers. CROWDS (crowdsourcing, freelancers, outsourcing, BPO) AUTOMATION (NLP, scrapers) EMPLOYEES (subject matter experts)

  7. POLL: Do you crowdsource content / data work? WE HAVEN’T TRIED CROWDSOURCING HAVE EXPERIMENTED WITH CROWDSOURCING CROWDSOURCE SOME OUR WORK WE HAVE MAXIMIZED OUR USE OF THE CROWD

  8. But in most businesses, there are walls between these resources. CROWDS AUTOMATION EMPLOYEES

  9. POLL: True or false…. “Our automation tools, distributed workers and subject matter experts are not integrated into the same workflows.” TRUE FALSE

  10. Crowd computing combines these three resources in the cloud. AUTOMATION CROWDS EMPLOYEES

  11. Data providers are hitting two big road blocks. Crowd computing is a high-performance hybrid workforce solution. • TECH • GUI • SOURCING • PROCESSING • ETL • WORKFORCE • UNSCALABLE • INFLEXIBLE • SLOW • EXPENSIVE

  12. A crowd computing approach maximizes automation and the use of crowds.

  13. Crowd computing is enabled by an intelligent work management platform. AUTOMATION CROWDS EMPLOYEES PRODUCT SOURCE CONTENT PROCESS SaaS WORK PLATFORM

  14. So how did the crowd computing approach make 40,000 “tear sheets” more profitable? 40,000 X

  15. Crowd computing increased automation, reduced headcount, and cut production time.

  16. BPO could never deliver these results.

  17. We’ve built a software platform that creates and manages a hybrid workforce to create content.

  18. Many of the leaders in the financial content industry are using it.

  19. Q&A + Contact Info adam@workfusion.com www.workfusion.com crowdcomputingblog.com

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