Deutsche Bank has launched ?-DIG, a new interactive web tool to help investors integrate big data into portfolio management.
The web tool uses natural language processing to quantify the materiality of environmental, social and governance (ESG) issues as well as brand value, corporate culture, innovation and management quality.
It has been designed for institutional investors such as asset owners, asset managers and hedge funds seeking to integrate big data into investment decisions, and for ESG investors aiming to incorporate the impact of non-financial issues on company valuation.
?-DIG will be launched in collaboration with Dow Jones, which is providing access to pools of data and content, including its historical news archive and live news feeds.
The tool is the first to come from Deutsche Bank’s recently-created data innovation group (dbDIG), a new team of data scientists leveraging big data to provide data-driven solutions to investment problems.
Spyros Mesomeris, global head of quantitative strategy and co-head of dbDIG at Deutsche Bank, said: “?-DIG is a highly innovative tool which enables investors to look far beyond accounting data by incorporating intangible information that the market is not fully pricing.”
He added: “We look forward to continuing working with our clients as we expand our offering of products which harvest the power of big data. ”
Andy Moniz, chief data scientist for dbDIG, commented: “?-DIG sheds light on a company’s hidden risks and opportunities through text mining of information that is otherwise difficult to analyse.”
He added: “?-DIG is a tool which clients can use to make big data more accessible and we are confident it will quickly become an indispensable part of their portfolio toolkit.”
