Case Study: FactSet achieves more accurate, timely financial data monitoring with Connotate automated web data extraction

FactSet - Customer Case Study

FactSet, a financial data aggregator, needed a better way to monitor company data changes posted across hundreds of thousands of websites worldwide. Its previous web scraper produced too many false alerts, with only 35% of change notifications turning out to be valid hits, making it difficult for analysts to focus on substantive updates and maintain accurate, timely data.

Connotate implemented an automated web data extraction solution using a point-and-click interface and drop-down configuration to deploy hundreds of thousands of web agents on premises. Connotate’s system improved FactSet’s valid hit rate from 35% to more than 90%, nearly tripling alert precision, while enabling FactSet to monitor over 500,000 websites and scale coverage without adding staff.

FactSet

Chris Clifford

Manager of Content Creation