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THOMSON REUTERS. From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer. Company Overview.
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THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer
Company Overview Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals, giving our customers competitive advantage
Business Overview We have the #1 or #2 position in the markets we serve Markets Division Professional Division FINANCIAL HEALTHCARE LEGAL Applications used by over half a million professionals globally Informing healthcare decisions affecting 150 million lives Westlaw relied on by 98% of the world’s major law firms MEDIA SCIENTIFIC TAX & ACCOUNTING Used by 20 million researchers worldwide Checkpoint used by 99 of the top 100 U.S. accounting firms Reuters News reaches over 1 billion people daily 3 * Financial information is pro forma for 2007, and removes the impact of acquisition accounting revenue adjustment.
Thomson Reuters Advantage Largest Provider in the Electronic Information Space At $12.5 billion in 2007 pro forma revenue, Thomson Reuters is the largest provider of intelligent information to business and professional customers in the world True Global Presence Serving 140 countries through offices in 300 cities in 93 countries For Professionals, By Professionals Across our business, we have varied and vast expertise, including 14,600 legal experts; 9,300 financial experts; 3,000 tax and accounting experts; 2,600 healthcare experts; 2,400 scientific experts; and 2,400 seasoned journalists Strong Brand Named #44 in the BusinessWeek 2008 ranking of the 100 Best Global Brands 4
Creating Intelligent Information Productivity Tools Higher Recurring Revenue Greater Leverage and Margins Platform Content Incremental, repeatable innovation driving core revenue growth
Intelligent Information • Metadata • Context
What is Metadata at Thomson Reuters? Metadata: Period Metadata: Data Item Display Name FY 2009 Sales/Revenue Metadata: Entity/Identifier Data: FC_SALES_MEAN Md: EstFlag Metadata: Currency MSFT-US 10,235 E USD Metadata: Units Millions Metadata = Data about Data Data + Metadata = Information Data + Bad Metadata = Misinformation!
Structuring the Unstructured City The frenzy of meetings in Washington follows signs of fresh trouble in the world's NEW YORK(Reuters) - U.S. lawmakers neared agreement on Charles Schumer, the New York Democrat who chairs the congressional Joint Lawmakers near bailout deal; economy stumbles Thu Sep 25, 2008 10:44am EDT By Jason Szep NEW YORK (Reuters) - U.S. lawmakers neared agreement on a massive Wall Street bailout plan on Thursday with more protections for taxpayers, giving world stock prices a boost even as data showed the U.S. economy slowing. Lawmakers hope to reach a bipartisan consensus on a proposed $700 billion rescue for U.S. financial firms in time for a meeting at the White House Thursday afternoon. "The idea of a rescue plan has gotten a public airing. Now it's time for both sides to roll up their sleeves, get together in a room and hash this out once and for all," Charles Schumer, the New York Democrat who chairs the congressional Joint Economic Committee, said in a written statement. U.S. Treasury Secretary Henry Paulson was expected to work the phones to try to reach a deal with Congress and was closely monitoring the situation in stressed credit markets, where bank-to-bank dollar borrowing rates jumped sharply. After lawmakers meet behind closed doors, President George W. Bush will bring presidential candidates Barack Obama and John McCain into the negotiations at an emergency White House meeting with Democratic and Republican congressional leaders. The frenzy of meetings in Washington follows signs of fresh trouble in the world's biggest economy. Orders for U.S. manufactured goods plunged in August, and the number of workers filing new claims for jobless benefits shot up, according to government reports that showed the economy rapidly weakening. Top U.S. industrial conglomerate General Electric Co issued a rare profit warning, citing "unprecedented weakness and volatility" in the financial services market. Central banks have pumped billions of dollars into financial markets to try to ease the credit crunch. Just weeks before Americans go to the polls to elect their next president, critics have expressed concern that a bailout will let freewheeling bankers get off too lightly, and doubts have surfaced over whether the plan can solve the wider credit crisis. Person lawmakers meet behind closed doors, President George W. Bush will bring presidential candidates in a room and hash this out once and for all, Charles Schumer, the New York Democrat who chairs the bring presidential candidates Barack Obamaand John McCain into the negotiations at an emergency White U.S. Treasury Secretary Henry Paulson was expected to work the phones to try to reach Organization to work the phones to try to reach a deal with Congress and was closely monitoring the situation in] financial firms in time for a meeting at the White House Thursday afternoon McCain into the negotiations at an emergency White House meeting with Democratic and Republican] Committee, said in a written statement U.S. Treasury Secretary Henry Paulson was expected to work the] New York Democrat who chairs the congressional Joint Economic Committee, said in a written statement Company General Electric Co(GE.N: Quote , Profile , Research , Stock]
Entity Mastering Databases which allow the “linking” of documents People, Places, Products, Companies, etc… Company Authority File Legal Name & Address Identifiers (public & private) Industry Classifications Legal Structure & Relationships
A Family of Document Relationships doc Westlaw Search doc Parser doc Query doc Smart Answer doc doc doc doc doc doc doc doc doc doc doc cited docs citing docs doc doc doc doc doc doc doc co-citations doc doc doc doc doc query logs categories metadata recommend doc doc doc doc doc doc doc doc doc doc doc doc Every retrieved document brings along many more documents Documents can have different types of relationships For example, when a user clicks on a set of documents in the same session, a relationship is enabled between these documents
Automatic Expert Witness DB Construction Extract expert names from jury verdicts Collate records Match against public records data Classify against expertise taxonomy Link records to other documents, e.g., medline, news
Open Calais: Everyone Wins Powerful, free markup services to anyone who creates, aggregates or consumes content Standard, simple access to unwashed Web content for all of TR’s products and services. End users get closer to information they need, vs. data that’s available
Open Calais – Overview Unstructured Documents (Text/ HTML/XML) calais Topics Entities Context Earnings, Politics, Legal Actions, Management Changes, etc Person, Organization, Company, Geography, etc. Events, Job Position, Political Affiliation, etc. The Process Calais accepts unstructured text and uses sophisticated NLP and machine learning techniques to return intelligent metadata
Context - WYNIWYG • Process • Environ-ment • Context • Commu-nity • Identity
Network Reach Individual Productivity Teamwork Productivity Rich Collaboration Secure & Compliant Reuters Messaging: Collaboration Productivity 16
Communities: Reutersrealestate.com • 21,000+ registered members • Low cost platform • Established network ofkey players • New business model
OneSource Tax Graphically display and compare results from multiple Thomson Reuters Tax & Accounting applications Review key tax metrics by choosing from a comprehensive list of relevant departmental gadgets
Thank You Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals, giving our customers competitive advantage 21