Bloomberg What is Bloomberg well I can tell you what it’s not it’s never dull Bloomberg is Bloomberg is a high-tech market-moving data driven cross-platform information company when we’re busy with woman diversity is essential for business success.

When we’re moving this fast it’s great to know your employee has your back the benefits are excellent we take that basic nugget of information from the financial markets and everything.

Understand Bloomberg and The Terminal

Financial markets move at lightning speed to make informed decisions investors need data news and research that are accurate fast and relevant and they need special technology to analyze every possible risk find the best opportunities and communicate with colleagues and market players around the world today bloomberg puts all of this at professionals finger tips.

But it wasn’t always the case michael bloomberg founded the company with one core mission to use the power of technology to bring transparency to capital markets allowing everyone to see the same data at the same time that transparency is crucial to making the global marketplace efficient fair and dynamic bloomberg has nearly 19 000 employees in192 locations in 73 countries and 4 000 technologists.

Who are constantly creating new solutions the company’s core product the bloomberg terminal connects about 325 000 top business and financial decision makers investment firms corporations commercial and central banks government agencies universities and high net worth individuals the terminal also serves as the global hub where investors come together to communicate and form communities with content available in 11 languages.

It is one integrated network combining market moving news independent research and unparalleled data across financial asset classes with world-class analytics and trading tools bloomberg also uses its deep technology expertise to help companies collect organize and distribute high quality data throughout their business our trading and enterprise solutions enable companies to increase transparency manage risk and comply with fast changing regulations.

these are just some of the many ways bloomberg is unleashing the power of informationto help clients prepare for and move into the future.

Bloomberg: The Financial Search Engine

More than 325 thousand of the most influential people around the world use the Bloomberg terminal in business finance government policy and philanthropy everyday bloomberg customers conduct millions of searches on the terminal looking for informationor.

News about executives companies and financial vehicles our information retrieval and natural language processing systems help our clients discover the right information they need it is a lot and we know speed and accuracy matter.

for example

Our customers conduct 16 million new searches a day a process which begins by typing a simple English phrase into the command line Bloomberg has a significantontology of topics including language processing engine then translates.

million articles these are stored in an open source enterprise search platform that’s been enhanced with learning to rank and other plugins developed by Bloomberg engineers each story is precisely annotated and classified for topics and company’s machine learning also produces signals to describe each article.

Those search results all in less than 200 milli seconds this is just one way Bloomberg is using technologies like AI to make our information more discoverable relevant and actionable.

Bloomberg:The Inside Story

If you’re ever in London you may notice an interesting new building in town one that sets new standards for innovation and sustainability and raises the bar for future office.

The our IBAS tirling Prize 2018 of the most prestigious architecture accolade in the UK and if we think it looks cool from the outside just waiting you know you’re some where completely different the moment you enter the building.

This is our lobby it’s really impressive we call it the vortexat the center of the vortex is a first for the number of artworks that are integrated into the building lives take us directly to the pantry the scenic lifts are made completely of glass giving uninterrupted views through the building and of the city arriving at level 6 you mean the pantries in the heart of the building and that’s not just.

Because it’s bursting with healthy food and snacks the space was engineered to make the most of the amazing view of st. Paul’s Cathedral the pantry is more than just a canteen and the ramp is way more than astair case they are the places we meet.

Where we can stop chat dare I say inter connect this sculptural walk way brings people together it symbolizes the dynamism of Bloomberg’s culture technology is also at the heart of our culture and is implemented throughout the building away finding app helps employees navigate the massive floor plan I love how open our work space is you can look right across the floors and see everyone that you work with hey you’ll in in most offices there is one large central core for structural supports and to house services.

Such as stairs lifts and bathrooms but in this building in fact two buildings joined by walkways there are multiple smaller cores pushed right back to the perimeter it creates huge open-plan floors with no walls to stop the flow of people and information everyone has the same size desk including vain flexibility and collaboration are the hall marks of the way we work all desks have a standing mode for comfort and file cabinets SS seats making.

It easy for colleagues and visitors to collaborate the desks were designed around the central tables to encourage team collaboration then we have these mobile pods there’s no need to book them another great option for spontaneous team meetings they’re designed to be super flexible we can move them as we need this is why the walls don’t reach the ceiling and by the way our ceilings are more than just decoration these panels are the first of their kind.

They simultaneously cool and light the building while also absorbing sound there are just one of the innovations in this building that is going to transform sustainable office design rain water capture grey water recycling and vacuum flush toilets help reduce water use by 73% we generate our own power the heat from this process is repurposed to warm the office in winter and cool it in summer the building also breeds the bronze fins open to let fresh air in it’s drawn up through the building and out the atrium roof and it’s not just fresh air invigorating.

The work space there are works of art integrated into the building by some of the world’s most celebrated contemporary artists and the art is for everyone like a sculpture by Christina Iglesias and a gallery open to the public Bloomberg has also installed a Roman temple from almost 2,000 years ago many of the Roman artifacts discovered by archaeologists during the ground works are also on display so everyone can fully experience.

It the history of the site talking about history the Bloomberg arcade follows the trail of a historic Roman Road it’s also where we like to get lunch it’s full of awesome restaurants there’s really something for everyone a new destination the Bloomberg arcade gives opportunities to small businesses inside and outside of office hours with 55% of the ground floor given over to public use including new access to bank station within the Bloomberg building.

It’s all about being part of the community where we work the building is stunning and it also respects its historic neighbors like this 17th century Church Sir Christopher Wren’s masterpiece st. Stephen Wahlberg when it’s modest height to the choice of materials the building was designed and constructed to fit in with its surroundings stone from the UK color-matched to the magistrate’s court next door serrated glass panes from China.

The largest grooved glass in the world hand polished bronze fins from Japan that will age gracefully it’s a building that brings our 4000 London employees together under the same roof with room to grow on the inside the workplace of the future on the outside a building that honors the past on the whole a really exciting place to come to work every day.

The Untold Story of technology

Bloomberg is one of the largest technology companies in the world pulling in over nine billion dollars in 2017 with over 20,000 employees we have probably heard of Michael Bloomberg our maybe read news on their website but what exactly is Bloomberg even dude and how did it get so big make sure you stick around till the end to find out Michael Bloomberg all sort of Michael Bloomberg graduated from John Hopkins University with an electrical engineering degree.

He would then get an MBA at Harvard Business School and land a job at an investment firm in New York City called Salomon Brothers his first task was very tedious with him having to count out and organize millions of stocks and bonds but thanks to his quick-thinking and remarkable work ethiche had quickly rise up and become a partner by 1972 at the age of 30.

This next task was to run the firm’s information technology system which is again very very tedious and boring this was he has the most glamorous portion of the business as it was far from the actual deals an action generating revenue but Michael did deal with it unfortunately though in 1981 Salomon Brothers sold and Michael was sent of fit wasn’t all bad though he had a ten million dollar a severance package which he used to set up a new information technology company named innovative market solutions.

This was very much inspired by his work at Salomon Brothers and he wanted to make broker age work much easier and less tedious and this desire to make the process more efficient is what would lead to his first invention until now finding the The First Invention value of one security versus another was very tedious and there really was no progress.

Since the 1960s it was just a bunch of guys using number-two pencils working all day he imagined building a system that took information from several different vestment types like stocks bonds and currencies and revealing the position of a firm at any given point this opened up hidden investment opportunities as revealed previously in accessible data to achieve this he hired for Salomon Brothers and former employees one of these four people was Tom Segundo.

Who will start writing analytics programs and get to work on what would soon become the Bloomberg terminal first target customer was merrilllynch’s capital market division michael pitched an idea alone to head of the devisioned Moriarty and when Michael finished presenting Moriarty asked to head up the software division how long it would take them to create it themselves the head of the software development team aleksandr told him.

That if they didn’t get any new work for the next six months then they can start right after michael immediately promised that he would be able to get it done in six months before they would even be able to start and that they didn’t have to buy it if they didn’t like it and with that they really started to bring the Bloomberg terminal to life they had The Bloomberg Terminal a significant advantage as I knew exactly.

What investment firms were looking for as they had all worked at one before and this led them to create the Bloomberg terminal which is still heavily used even today it is regarded as a professional investment system for the financial market place so clearly the Bloomberg terminal was of great use but the only thing is that it is only targeted at institutional investment firms it is simply too expensive for most individual investors and is unfeasible for them today a subscription to Bloomberg services costs twenty four thousand dollars per user.

But if you like two or more it’s only twenty thousand per user that’s still a lot of money but it is a sizable discount and this is probably why you never knew a Bloomberg did as they targeted niche demographic that most of us don’t have any connection to the first system was not elegant or complex but it was resourceful and got the job done the system provided price quotes and a lot of messaging through a secure proprietary network and for the end user.

It was a windows-based application which made it really convenient to use it with Excel Excel is one of the most crucial programs for the financial industry so this was very important and as technology has evolved they have also started offering an online application that can be accessed through mobile devices portfolio managers and brokers have the ability to use Bloomberg any where services to access real time market information any word in the world.

This makes it very convenient and is a huge advantage of Bloomberg subscription but it wasn’t an easy road though there Competition was a lot of competition from big corporations as well Thomson Reuters I can was her biggest competition which still holds 25% I could share even today Bloomberg still has a slight edge holding 30% of market share but clearly I can is not a joke they also offer better value charging four thousand dollars less per year at twenty thousand dollars per year and it’s not just them there are also several other companies.

We have sizable chunks of market share and are also cheaper as well companies like fact set capital IQ and simply just name a few Bloomberg is able to deal with all this competition because they are always one step ahead by being the first in the market this has made them the gold standard for financial market news data and trading tools today there are almost synonymous with Wall Street and this lead helps them out more than you would think even though other services might offer something cheaper and still provide the same value.

It just convenient to stay with Bloomberg trading firms don’t need to retrain staff and they don’t have to have a down time while software is being updated on computers they have been there for so long and it is just easier to use the same soft great year after year and for big firms like Goldman Sachs an extra four thousand dollars really is not worth going through all of that hassle.

Now there is some disadvantages with using Bloomberg the biggest of which is that they are slow to adapt to new technology it took them a pretty long time to adapt the 64-bit systems but for the financial industry this really doesn’t matter because they’re not gonna be trying to remodel a car or something they simply need data and they don’t need the most up-to-date technology in order to do that plus.

It’s not like Bloomberg never adapts it just takes them a little bit longer overal lBloomberg is able to fend off a lot of competition as they were the first in the market firms are already Euston andt hey don’t see a need to change unless someone else offers something significantly different the slightly cheaper price is really no big deal so clearly Bloomberg terminals played took off and even to this day Bloomberg terminals make up most of their revenue.

Other ventures but since then they have also gone on other ventures are not technology driven for example they opened their own news outlet 1991 called Bloomberg Business News and their open offices in New York London Toronto washing gentoku and many more Bloomberg News has always had a very editor driven culture.

They have a very specific way of drying their articles in fact they have their own book on how to write Bloomberg articles called the Bloomberg way aguide for reporters and editors they even launched her own TV channel in 1994 called Bloomberg information TV.

They had a variety of business-related shows and news about the state of the economy and financial industry as a whole they also had their own magazine called Bloomberg Business week this is a weekly American business magazine but they didn’t create.

This one though this magazine actually first published in September of 1929 and it wasn’t till July of 2009 almost eighty years later they are acquired this magazine the magazine had fell on hard times after the 2008 economic recession and Bloomberg would buy.

It for two to five million dollars as it is cleared since the terminal they have also got several other ventures as well today Bloomberg is a major global provider of financial news and information they offer real-time and historic price era financial data trading news and analyst coverage as well as general news and sports they have several services was also New York’s he’s108th mayor serving from 2002 to 2013 there was also been a lot of rumors that he’s going to be running for president but he’s confirmed.

That he wanted do less talking and more actual work he says that Hugh Rowland sleeves up and get to work and that he had no intention for running for president but despite that Michael Bloomberg and his company are really quite inspirational Bloomberg Conclusionis a company.

That most of us have heard about but really didn’t know what they did we have seen their magazines and news articles but with actually their background contribution to Wall Street for terminals that really made them a corporate giant they have truly revolutionize the financial industry eliminating the need for tedious busy work and they have a lot for much more effective investing across Wall Street given this contribution it’s no wonder why they’re so successful .

How We Work:Data Technologies Engineering Team

Our data technologies team is responsible for the systems that on board all of the referential data that drive our down stream applications and enterprise systems let’s go to platform scrapes hundreds and thousands of websites as you know in today’s world data is very important it has to be precise fast and accurate important market movement details are delivered to our down stream clients in a matter of milli seconds for new generation and for further processing.

What rumors team collect mostly are unstructured data just for human beings greed but it’s not very computer friendly so what my team’s job is to translate those a structured data into structured in the first step in the process is to run through the document into a technique called convolution in your network similarly as humans behavior all document to assign.

What is the table what is our web and how they connected the next step is to run through a recurrent neural network that assigns meanings to each of the data points so after these two main things the data has structures and also the data points that cries care so.

It’s ready to ship to the down stream applications so you just heard from DA’s team who these team is all about automatically extracting and enriching data from from documents however no matter.

How well their team does they’re never going to be able to reach 100% accuracy there’s always going to need to be humans involved so that’s where my team comes in we have web-based tools which allow analysts to be able to view the results of the algorithm over laid on top of the document and this allows them to see how well the algorithm did as well as correct anything that the algorithm might have missed or just gotten a little bit wrong these Corrections.

Both end up being data points which get published out to our Bloomberg terminal clients to consume but also gets fed back into the truth data which in the end makes the machinel earning algorithms even smarter because thereable to you know learn from these mistakes you heard me talk about storage and dissemination that’s what my team does doumergue Data Services is the platform.

That’s built on scalable distributed open source systems like the platform organizes data into discoverable data sets a single source of truth that keeps track of all the transactional updates that happen to the data along with who where what and when provenance for instance it’s a mature platform.

That comes with features related to discovering of data sets search data processing notification pipelining as well as keeping full track of point in time queries and transactional history of all the updates that happen through.

Our system you know in the past a lot of the data capture work was very manual in global data and one of the things my team’s been focused on is automating that work on the same techniques that are being used to create driverless cars or to have assistants like Siri answer questions.

We’re applying to understanding unstructured text or looking at images and being able to detect tables via computer vision algorithms our business is fundamentally shifting as our clients rely more and more on machines to interpret data and derive insights with this shift demand for data quality has increased dramatically technologies.

Such as automated extraction to help us address this demand by improving the accuracy coverage timeliness and accessibility of our data to service clients across all of Bloomberg’s products