This one’s for all the due diligence fiends and competitive landscape mapping mavens out there.
PitchBook, the data and analytics service for private equity and public markets, is rolling out an automated suggestions feature for premium users when they’re doing searches on companies for market intelligence.
The new service is based on machine learning technology that scours PitchBook’s financially focused information and data set. Each word in a description is represented in 300 dimensional space using the global vectors for word representation software lifted from researchers at Google and Stanford, and those vectors are then applied to companies to determine their various relationships.
“The differentiator for why the output of this is going to be high quality. When we look up a company is because we have this proprietary set of financial related news and information,” says Tyler Martinez, the director of software engineering and data science at PitchBook.
During an advanced