Getting the Full Picture
At the recent XBRL Asia Round Table meeting in Fukuoka, Japan Mr Lim Kok Eng from the Malaysian Securities Commission outlined the way that the regulator is combining structured XBRL data with sentiment analysis based on unstructured data drawn from between 40 and 50 news sources in Malaysia. The goal is to enhance capital markets supervision and surveillance of local markets through the use of modern technologies.
This Enterprise Analytics framework represents the first steps along a long term roadmap to embrace structured data wherever it makes sense, bolstered by unstructured data wherever its relevant.
Correlation indexing techniques allow the regulator to match up reported financial performance, or stock price movements with news and other announcements that appear in the media and on the web. Developed within a lean data analytics team, supplemented by leading local academic researchers, the work of Mr Lim and his team shines a light on what is becoming possible right around the world. The slides are well worth a look.