The Caspian sea is the world’s largest inland body of water. With a surface area of 371,000 km² (143,000 sq. mi.), it combines characteristics common to both seas and lakes. Over 130 rivers flow into the Caspian and the area is rich in natural resources including oil fields and natural gas supplies.
We have big news. We want you to visit Caspian. No, we are not launching a brand-new eRevalue travel agency. Caspian is our innovative new research tool. Using Big Data Analytics and Natural Language Processing (NLP) helps people navigate emerging economic, environmental, social and corporate governance (EESG) issues.
The Winds of Innovation
According to the Austrian American economist and philosopher Joseph Schumpeter, Innovation is a force of “creative destruction.” It is a ‘process of industrial mutation that incessantly revolutionizes the economic structure from within, “incessantly destroying the old one, incessantly creating a new one”. No company survives in the long term if they are sailing upwind.
Today’s world is defined by innovation. Just look at the “digital transformation.” With digital technology increasingly being applied to all aspects of human technology, it is no wonder that the transformation of industries is expected to be worth more than $100 trillion by 2025.
The world’s biggest investor, BlackRock, is embracing the digital transformation with the help of big data analytics and machine learning. Having deemed these technologies as “necessary for great investing” it has recognised the importance of innovation for the transition from a short-term to long-term approach to sustainable value creation, the focus of CEO Larry Fink’s letter to S&P 500 CEOs.
Another example can be seen in the mainstreaming of EESG issues. The past months have seen some big developments in the EESG area, including the establishment of a Financial Stability Board (FSB) industry-led Task Force that aims to develop voluntary financial disclosures related to climate risk. Michael Bloomberg, chair of the Task Force, said
“Managing climate-related risk is increasingly critical to financial stability, but it can’t be done without effective disclosure. The recommendations from the Task Force will increase transparency and help to make markets more efficient, and economies more stable and resilient.”
Caspian sits at the intersection of these two processes, allowing users to position themselves downwind of the winds of innovation.
Evolution Made Simple
Caspian is simple to use. It runs on sophisticated Natural Language Processing (NLP) technology, enabling users to save the time and money they would otherwise spend on hours of manual research. This technology works to extract information from various forms of human language. This makes it especially applicable in the EESG space. Here, quantitative data is not enough. And while qualitative data exists, it exists in such overwhelmingly large quantities that there is a huge amount of data that has yet to be fully taken advantage of. Consequently, NLP innovation is not just only a nice-to-have; it’s a crucial element for survival.
The Caspian Way
Caspian has an expanding catalogue consisting of more than 41,000 reports from 6,100+ companies published over the last 5 years. These include Annual Sustainability Reports, Annual Financial Reports and SEC filings.
Caspian puts an end to the slow, unreliable and ineffective methods of content analysis through its “Topics Browser.” It identifies and highlights sections within reports where terms associated with the 100+ EESG topics constituting our Ontology are referenced.
Caspian also provides analytics functionalities. Users will be provided not only with the 10 most emphasized topics within selected industries and regions, but also a breakdown of the levels of emphasis associated with these topics. These functionalities help users to uncover insights not visible to the human eye.
Get on board
Unstructured, qualitative and narrative data analysis is demanding in terms of time and resources and the output is often subjective and unreliable. However, its informational value is strategically crucial, especially when it comes to a domain hard to translate in figures – such as EESG. Caspian provides simple but reliable access to this sea of information.
As our CEO and Co-Founder, Marjella Alma, points out, “We’re making the data lakes more accessible and affordable with Caspian, helping more people find the information they need without spending hours trawling through reports. This accessibility will enable users to identify tomorrow’s trends, today”.
Visit our website to start your Caspian journey now or subscribe to our newsletter.
