{"id":2349,"date":"2015-11-21T19:14:34","date_gmt":"2015-11-22T00:14:34","guid":{"rendered":"https:\/\/digital.hbs.edu\/platform-digit\/submission\/kensho-king-of-financial-data-analytics\/"},"modified":"2015-11-21T19:20:43","modified_gmt":"2015-11-22T00:20:43","slug":"kensho-king-of-financial-data-analytics","status":"publish","type":"hck-submission","link":"https:\/\/d3.harvard.edu\/platform-digit\/submission\/kensho-king-of-financial-data-analytics\/","title":{"rendered":"Kensho \u2013 King of Financial Data Analytics"},"content":{"rendered":"

Kensho\u2019s Value Creation<\/strong><\/p>\n

Kensho is a market data analytics system that can find answers to more than 65 million question combinations by scanning over 90,000 customizable actions.\u00a0Questions, asked in plain English, are typed into a into a Google-style text box. Kensho\u2019s creative approach to data analytics allows users to ask out of the box questions, such as:<\/p>\n

-Which cement stocks go up the most when a Category 3 hurricane hits Florida? (The biggest winner? Texas Industries.)<\/p>\n

-Which\u00a0Applesupplier\u2019s share price goes up the most when the company releases a new iPad? (OmniVision, which makes the sensors in the iPad camera.)<\/p>\n

-How does\u00a0Apple<\/a>\u00a0typically trade before and after original product releases?<\/p>\n

-How do the big banks trade the day after the\u00a0Federal Reserve<\/a>‘s stress test results are released?<\/p>\n

-Which retail stocks were the best performers from Thanksgiving through the end of the year over the last 10 years?<\/p>\n

-When\u00a0Netflix<\/a>\u00a0beats earnings, how do shares of\u00a0Amazon<\/a>\u00a0historically perform the next day?<\/p>\n

 <\/p>\n

\"Kensho1\"<\/p>\n

\"Kensho2\"<\/p>\n

Until now, answering these types of questions required several analysts and several days. Kensho can do it in a matter of minutes, effectively acting like a quant army.<\/p>\n

Kensho\u2019s analyzed market data can include things like:<\/p>\n

-Earnings releases<\/p>\n

-Economic Reports<\/p>\n

-Stock price movement<\/p>\n

-Moving averages<\/p>\n

-Company product launches<\/p>\n

-FDA drug approvals<\/p>\n

-Stock price triggers<\/p>\n

-Monetary policy changes<\/p>\n

-Political events<\/p>\n

 <\/p>\n

\"Kensho3\"<\/p>\n

 <\/p>\n

Kensho\u2019s Value Capture<\/strong><\/p>\n

Kensho received $15 million in a new investment round led by Goldman Sachs on November 2014. Forbes reported that the terms of the deal were not disclosed but a source said Goldman is now Kensho\u2019s largest investor. The source also said the deal placed Kensho\u2019s valuation in the 9-figure range. Kensho had previously raised a $10 million seed round from the likes of Accel Partners, Breyer Capital, General Catalyst, Google Ventures and NEA.<\/p>\n

As part of Kensho\u2019s strategic partnership Goldman, Kensho will implement its data-crunching software across the bank. This deal is very promising for Kensho, but time will tell how Kensho will grow and offer its product to other companies.<\/p>\n

Kensho\u2019s Operating Model<\/strong><\/p>\n

Kensho\u2019s processes, capabilities, resources, and use of data are all dedicated to value creation. Kensho has expert engineers, UX designers, and data scientists focus on creating a product that studies unimaginable amounts of structured and structured data to determine how all types of events have historically affected the markets. Their tools include the latest big data and analytics technologies. Kensho will empower clients to make more educated financial decisions by putting things in a historical context to focus on the macroeconomic picture.<\/p>\n

 <\/p>\n

Kensho\u2019s Journey<\/strong><\/p>\n

Kensho\u2019s goal is to allow financial professionals to make better, faster and more informed decisions with statistics. As Kensho\u2019s CEO, Daniel Nadler, stated, \u201cKensho is trying to bring to Wall Street what Saber Metrics (Moneyball) accomplished for baseball.\u201d<\/p>\n

\"Kensho4\"<\/p>\n

Kensho, founded in May 2013, is bringing a refreshing change to the financial data industry<\/strong>, an industry that has long been lead by Bloomberg and Thomson Reuters. Kensho is democratizing financial data analytics \u201cby giving the masses the type of complex, quantitative computer power currently used by a few top hedge funds like Bridgewater Associates, D.E. Shaw and Renaissance Technologies.\u201d And potential clients, including investment banking and fund management giants, are receptive to Kensho\u2019s offering.<\/p>\n

 <\/p>\n

Sources:<\/p>\n

https:\/\/kensho.com<\/a><\/p>\n

http:\/\/www.cnbc.com\/2015\/04\/15\/sho.html<\/a><\/p>\n

http:\/\/www.forbes.com\/sites\/stevenbertoni\/2014\/11\/24\/goldman-sachs-leads-15-million-investment-in-tech-start-up-kensho\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kensho is refreshing financial data analytics with big data technologies.<\/p>\n","protected":false},"author":57,"featured_media":2353,"comment_status":"open","ping_status":"closed","template":"","categories":[29,655,776,872,905,904],"class_list":["post-2349","hck-submission","type-hck-submission","status-publish","has-post-thumbnail","hentry","category-big-data","category-data","category-data-analytics","category-data-scientist","category-financial-data-analysis","category-kensho"],"connected_submission_link":"https:\/\/d3.harvard.edu\/platform-digit\/assignment\/data-driven-value-creation-value-capture-and-operating-models\/","yoast_head":"\nKensho \u2013 King of Financial Data Analytics - Digital Innovation and Transformation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/d3.harvard.edu\/platform-digit\/submission\/kensho-king-of-financial-data-analytics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kensho \u2013 King of Financial Data Analytics - 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