Financial Close Dance: Connotate and High Step Rumba
July 29, 2008
BobsGuide.com revealed on July 23, 2008, that High Step Capital (yep, a money outfit) is using Connotate’s agent technology in a clever new way. In the financial world, clever means finding a way to make money in today’s unsettled market.
BobsGuide.com reports:
By creating a group of agents that monitor real-time changes to information on multiple Web sites-for example, for monitoring the prices of electronic products from competing companies-and aggregating the results, a user can create a real-time feed of prices or other information… That feed is loaded into a database hosted by Connotate, which provides a Web portal for Jones to view the data online or to download the information into spreadsheets…
You can read the full story “High Step Adds Connotate Data to Models” here. For more information about Connotate, you can visit the company’s Web site here, or you can buy a copy of my April 2008 study Beyond Search here. Connotate competes with Relegence, a unit of America Online which is owned by Time Warner. You can read about Relegence here.
Why is this important?
Services that merge internal and external data are one of the Web 2.0 technologies that work and deliver fungible payoffs. Some Web 2.0 functions are nifty but tough to tie to a financial benefit.
Stephen Arnold, July 29, 2008
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