The Future of Business and Employment is in Aerospace, Aerospace and Earth-side Health & Medical, Information Technology, and New Types of Commercial Businesses. That changed recently, as the Securities and Exchange Commission has begun requiring financial disclosure forms to be submitted in XBRL format , the eXtensible Business Reporting Language. Thinknum takes advantage of this new environment by allowing instant access to company financial data. Since the variables are standardized, this means that you can run the same financial model across an entire industry in a matter of moments.
Through Plotter, analysts can evaluate correlations between data and use a visual tree to discover indices. In current tools that analysts use, they need to know exactly what they want, and they don’t see relevant data that they haven’t thought of,” Zhen says. Most importantly, the entire product is designed to be used without a programming background, knowledge that is uncommon among traders and analysts. Thinknum’s potential extends beyond getting a bunch of analysts on Wall Street to stop emailing spreadsheets back and forth. Investors and financial analysts use Thinknum’s intuitive tools for research, data analysis, and collaboration enabling them to generate unique insights.
The founders hope to expand the company toward emerging markets where sophisticated financial tools are often lacking and analysts are disconnected from the global investment community. While emerging markets have tanked in recent months due to uncertainty related to the fed’s bond buyback program and instability in Ukraine, Thailand, and Venezuela, there remains a deep market for better financial understanding of emerging market companies. He hopes the impact of the product isn’t just helping investors make better financial decisions, but also helping groups like farmers better navigate a volatile global trading environment.
As investment banking undergoes a number of changes (like requiring that entry-level analysts take Saturdays off !), it’s time to look into the technical infrastructure of financial analysis and improve upon tools first developed in the 1980s. If you become a Securities analyst or an investment analyst you generally work for financial institutions (mutual funds, banks, insurance companies, pension funds, security firms, corporations, among others) to help make investment decisions, sometimes in teams. Financial analysts perform highly complex analysis related to wholesale, retail, and market risk.
Analysts attempt to determine a firm’s value and risks, including future prospects and the effectiveness of management, as well as analyzing industry and economic trends that affect firms, often using spreadsheet and statistical software packages to analyze financial data and develop forecasts. Analysts ensure compliance with SEC regulations for reports in terms of their completeness and accuracy.