Thomson Reuters Extends Data Trove to Startups via Swiss Incubator

Thomson Reuters is launching a new incubator in Switzerland, part of its latest push to champion the development of disruptive technologies by fintech firms and startups. More specifically, the new incubator will look to extend its extensive data and content suite to groups working in such segments as big data, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term, artificial intelligence (AI), and distributed ledgers.

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Access to Thomson Reuters’ data service is an invaluable resource for startups, and indeed any venue, given its depth of market focus and latitude. The group’s data resources include comprehensive market and pricing data options, as well as access to risk data, financial benchmarks, and Elektron real time.

Data firms are invited to take part in Thomson Reuters’ six-month Lab program, which comes with a number of perks for groups. This includes free office space, mentoring from seasoned executives, and networking opportunities for investment and commercialisation. The target group is startups working in the fields of big data, analytics, AI, and distributed ledgers technology.

To date, the incubator has seen two groups join it - Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based SaaS platform WealthArc and Open Mineral are the inaugural entrants. Mona Vernon, CTO, Thomson Reuters Labs, commented: "Technology is evolving at an unprecedented rate and corporations need to keep pace. Partnering with startups and other market disruptors is essential for us to be agile and responsive to our customers. The Incubator will become an essential part of our corporate strategy to drive organic growth through innovation."

The launch of Thomson Reuters’ incubator in Switzerland comes a couple months after inking a strategic data agreement with S&P Global (NYSE: SPGI). Back in May, the two parties agreed to a long-term commercial relationship, which focuses on a product and data collaboration.