BIG DATA
etc., by using variables such as context, tone and emotion. It therefore offers user-specified target, keyword sentiment and direction sentiment in order to translate this data into positive, negative and neutral. This tsunami of information
Figure 2: ICE Front Month Pricing 23-30 August 2013 (US$)
Chronology of Events leading to UK Parliamentary Vote on Intervention in Syria Date / Event
Settle
Friday, 23 August 2013: On 21st
August an apparent chemical attack
requires a new breed of intelligence and analytical modelling in order to process, make sense of, and ultimately, enhance human expertise. Enter artificial intelligence (AI). There are several branches of AI that are not mutually exclusive of one another, including Expert Systems and Cognitive Computing. Expert Systems refers to a computer program that captures the knowledge of a human expert on a given problem and uses this knowledge to solve problems in a fashion similar to the expert. The system can assist the expert during problem-solving, or act in the place of the expert in those situations where the expertise is lacking. Expert Systems require rules to be written in an intuitive format, where domain knowledge is required rather than IT expertise, and which react to the real-time flow of data against these rules. For example, DataGenic, a specialist in commodity data management and decision support, are launching a new product to address this new era of Big Data, specifically for the front office. Utilising Natural Language Processing (NLP), or Sentiment Analysis, to scan articles, tweets, market reports etc. to determine the subject matter, the new product will gauge the sentiment and précis the content, enabling users to filter relevant articles from the plethora of information available. Couple this with Complex Event Processing (CEP) in an AI environment and it becomes a powerful tool for alerting users based on highly specific business rules and, if required, acting upon this information (for instance, placing an order) in a fraction of a second. A real-life example is demonstrated in Table 1, commencing on 26th
August 2013, in relation to
on the Ghouta suburb of Damascus in Syria leaves 355 people dead. Sparks days of outrage and denials. On 23rd August, US President Barack Obama says the alleged use of chemical weapons in Syria in an attack on Wednesday is a “big event of grave concern”.
Sunday, 25 August 2013: Downing Street sources brief for the first time that Britain could support a targeted attack on Syria within days, as demands begin for Parliament to be recalled.
Monday, 26 August 2013: UK Public Bank Holiday UK Prime Minister David Cameron cuts his holiday short and announces he will chair National Security Committee on 28th due to the escalating crisis in Syria.
111.04 109.90 109.77 111.23 210,631 Open Low High Volume
-
-
-
-
-
110.73 August,
Tuesday, 27 August 2013: Announcement (via Twitter) that David Cameron will recall Parliament to consider a motion by the government over military intervention in Syria.
Wednesday, 28 August 2013: National Security Council meet and agree a Motion to put forward in Parliament on 29th August.
Thursday, 29 August 2013: The Motion put forward by National Security Council is rejected by 272 votes to 285 (an opposition majority of 13).
Friday, 30 August 2013: US issues statement saying that it is, “…beyond a doubt that chemical weapons were used, and used intentionally by the Assad regime.” France says that UK’s vote does not change its resolve on the need to act in Syria. Cameron pledges there will still be a “robust response” to Syria, despite no UK military intervention.
111.15 110.50 111.68
90,300
114.36
111.16 110.73 115.29
259,179
116.61
115.30 114.81 117.34
274,272
115.16
115.86 114.18 117.04
238,393
114.01
114.20 113.63 115.53
232,137
Source: Market Pricing courtesy of ICE: Intercontinental Exchange
the escalating crisis in Syria. In a very politically charged environment, UK Prime Minister David Cameron broke-off his summer holiday in Cornwall, which triggered a chain of events culminating in a significant increase in Brent, the world’s leading marker crude. Of particular note on Sunday 25th
August, sources
from the UK government advising that for the first time, Britain could support an attack on Syria ‘within days’. This is very relevant information, and is information that, if acted upon, can make significant financial returns. However, the following day (Monday 26th
) was a Bank Holiday in the UK, where much of the trade in Brent is executed. In fact, March 2014 51
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