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THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

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Page 1: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

THOMSON REUTERS

From Technology Through Innovation to Business - Innovating to Maximise Business Growth

Amanda West

Chief Innovation Officer

From Technology Through Innovation to Business - Innovating to Maximise Business Growth

Amanda West

Chief Innovation Officer

Page 2: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

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Company Overview

Thomson Reuters is the world’s leading source of

intelligent information for businesses and professionals,

giving our customers competitive advantage

Page 3: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

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Business Overview

* Financial information is pro forma for 2007, and removes the impact of acquisition accounting revenue adjustment.

Applications used by over half a million professionals globally

Reuters News reaches over 1 billion people daily

Markets Division

FINANCIAL

MEDIA

Westlaw relied on by 98% of the world’s major law firms

Informing healthcare decisions affecting 150 million lives

Used by 20 million researchers worldwide

Checkpoint used by 99 of the top 100 U.S. accounting firms

HEALTHCARE LEGAL

SCIENTIFIC TAX & ACCOUNTING

Professional Division

We have the #1 or #2 position in the markets we serveWe have the #1 or #2 position in the markets we serve

Page 4: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

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Thomson Reuters Advantage

At $12.5 billion in 2007 pro forma revenue, Thomson Reuters is the largest provider of intelligent information to business and professional customers in the world

Largest Provider in the Electronic Information Space

Serving 140 countries through offices in 300 cities in 93 countriesTrue Global Presence

Across our business, we have varied and vast expertise, including 14,600 legal experts; 9,300 financial experts; 3,000 tax and accounting experts; 2,600 healthcare experts; 2,400 scientific experts; and 2,400 seasoned journalists

For Professionals, By Professionals

Named #44 in the BusinessWeek 2008 ranking of the 100 Best Global Brands

Strong Brand

Page 5: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

Creating Intelligent Information

Incremental, repeatable innovation driving core revenue growth

Content

Platform

Productivity Tools

Hig

her

Rec

urri

ng R

even

ue

Greater Leverage and M

argins

Page 6: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

Intelligent Information

Metadata

Context

Page 7: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

What is Metadata at Thomson Reuters?

Metadata = Data about DataData + Metadata = InformationData + Bad Metadata = Misinformation!

Metadata = Data about DataData + Metadata = InformationData + Bad Metadata = Misinformation!

Metadata: Period

Metadata: Entity/Identifier

Metadata: Data Item Display Name

Md: EstFlagData: FC_SALES_MEAN Metadata: Currency

10,235

Sales/Revenue

USD

FY 2009

MSFT-US EMetadata: Units

Millions

Page 8: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

Structuring the Unstructured

City

The frenzy of meetings in Washington follows signs of fresh trouble in the world's

NEW YORK (Reuters) - U.S. lawmakers neared agreement on

Charles Schumer, the New York Democrat who chairs the congressional Joint

Person

lawmakers meet behind closed doors, President George W. Bush will bring presidential candidates

in a room and hash this out once and for all, Charles Schumer, the New York Democrat who chairs the

bring presidential candidates Barack Obama and John McCain into the negotiations at an emergency White

U.S. Treasury Secretary Henry Paulson was expected to work the phones to try to reach

Organization

to work the phones to try to reach a deal with Congress and was closely monitoring the situation in] financial firms in time for a meeting at the White House Thursday afternoon

McCain into the negotiations at an emergency White House meeting with Democratic and Republican]

Committee, said in a written statement U.S. Treasury Secretary Henry Paulson was expected to work the]

New York Democrat who chairs the congressional Joint Economic Committee, said in a written statement

Company

General Electric Co (GE.N: Quote , Profile , Research , Stock]

Lawmakers near bailout deal; economy stumblesThu Sep 25, 2008 10:44am EDT

By Jason Szep

NEW YORK (Reuters) - U.S. lawmakers neared agreement on a massive Wall Street bailout plan on Thursday with more protections for taxpayers, giving world stock prices a boost even as data showed the U.S. economy slowing.

Lawmakers hope to reach a bipartisan consensus on a proposed $700 billion rescue for U.S. financial firms in time for a meeting at the White House Thursday afternoon.

"The idea of a rescue plan has gotten a public airing. Now it's time for both sides to roll up their sleeves, get together in a room and hash this out once and for all," Charles Schumer, the New York Democrat who chairs the congressional Joint Economic Committee, said in a written statement.

U.S. Treasury Secretary Henry Paulson was expected to work the phones to try to reach a deal with Congress and was closely monitoring the situation in stressed credit markets, where bank-to-bank dollar borrowing rates jumped sharply.

After lawmakers meet behind closed doors, President George W. Bush will bring presidential candidates Barack Obama and John McCain into the negotiations at an emergency White House meeting with Democratic and Republican congressional leaders.The frenzy of meetings in Washington follows signs of fresh trouble in the world's biggest economy. Orders for U.S. manufactured goods plunged in August, and the number of workers filing new claims for jobless benefits shot up, according to government reports that showed the economy rapidly weakening.

Top U.S. industrial conglomerate General Electric Co issued a rare profit warning, citing "unprecedented weakness and volatility" in the financial services market.Central banks have pumped billions of dollars into financial markets to try to ease the credit crunch.

Just weeks before Americans go to the polls to elect their next president, critics have expressed concern that a bailout will let freewheeling bankers get off too lightly, and doubts have surfaced over whether the plan can solve the wider credit crisis.

Page 9: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

Entity Mastering

Databases which allow the “linking” of documents

People, Places, Products, Companies, etc…

Company Authority File

• Legal Name & Address

• Identifiers (public & private)

• Industry Classifications

• Legal Structure & Relationships

Page 10: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

A Family of Document Relationships

Every retrieved document brings along many more documents Query

Parser Westlaw Search

SmartAnswer

docdoc

doc

doc

doc

doc

doc

doc

doc

doc

citing docs

doc

docdocdocdoc

cited docs

docdocdocdoc

docdocdocdocco-citations

docdocdocdoc

categories

docdocdocdoc

reco

mm

end

docdocdocdoc

metadata

docdocdocdocquery logs Documents can have different types of relationships

For example, when a user clicks on a set of documents in the same session, a relationship is enabled between these documents

Page 11: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

Automatic Expert Witness DB Construction

• Extract expert names from jury verdicts

• Collate records

• Match against public records data

• Classify against expertise taxonomy

• Link records to other documents, e.g., medline, news

Page 12: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

Machine Readable News Dan, the black box trader

Page 13: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

Open Calais: Everyone Wins

Powerful, free markup services to anyone who creates, aggregates or consumes content

Standard, simple access to unwashed Web content for all of TR’s products and services.

End users get closer to information they need, vs. data that’s available

Page 14: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

Open Calais – Overview

The Process

Calais accepts unstructured text and uses sophisticated NLP and machine learning techniques to return intelligent metadata

calais

Topics Entities Context

Earnings,

Politics, Legal

Actions,

Management

Changes, etc

Person,

Organization,

Company,

Geography,

etc.

Events, Job

Position,

Political

Affiliation, etc.

Unstructured Documents

(Text/ HTML/XML)

Page 15: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

Context - WYNIWYG

Process

Environ-ment

Identity

Context

Commu-nity

Page 16: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

• Network Reach

• Individual Productivity

• Teamwork Productivity

• Rich Collaboration

• Secure & Compliant

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Reuters Messaging: Collaboration Productivity

Page 17: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

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Communities: Reutersrealestate.com

• 21,000+ registered members

•Low cost platform

•Established network of key players

• New business model

Page 18: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

Communities

Page 19: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

Reuters Market Light

Page 20: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

OneSource Tax

Graphically display and compare results from multiple Thomson Reuters Tax & Accounting applications

Review key tax metrics by choosing from a comprehensive list of relevant departmental gadgets

Page 21: THOMSON REUTERS From Technology Through Innovation to Business - Innovating to Maximise Business Growth Amanda West Chief Innovation Officer

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Thank You

Thomson Reuters is the world’s leading source of

intelligent information for businesses and professionals,

giving our customers competitive advantage