FactSet Unveils Intelligent Platform Initiative to Supercharge Client Workflows
FactSet announced its Intelligent Platform initiative, introducing conversational AI integration at the platform level. The system connects an enhanced FactSet Mercury, the company's conversational knowledge engine, to AI-powered solutions through a global assistant. The platform features agentic orchestration for auditable answers and actionable insights, alongside Enterprise AI Building Blocks for in-house client implementation.
Key upcoming solutions include Pitch Creator for Bankers, Portfolio Commentary with expanded features, and IRN 2.0 for research management, all launching in early 2025. The initiative aims to enhance productivity and decision-making for buy- and sell-side clients through streamlined workflows and improved data discoverability.
FactSet ha annunciato la sua iniziativa Piattaforma Intelligente, introducendo l'integrazione dell'IA conversazionale a livello di piattaforma. Il sistema connette un FactSet Mercury potenziato, il motore di conoscenza conversazionale dell'azienda, a soluzioni alimentate dall'IA tramite un assistente globale. La piattaforma offre orchestrazione agentica per risposte verificabili e approfondimenti attuabili, insieme a Blocchi Costruttivi di IA per Imprese per l'implementazione interna da parte dei clienti.
Le principali soluzioni in arrivo includono Pitch Creator per Banchieri, Commento di Portafoglio con funzionalità ampliate e IRN 2.0 per la gestione della ricerca, tutte in lancio all'inizio del 2025. L'iniziativa mira a migliorare la produttività e il processo decisionale per i clienti della buy-side e sell-side attraverso flussi di lavoro semplificati e una migliore scopribilità dei dati.
FactSet anunció su iniciativa Plataforma Inteligente, introduciendo la integración de IA conversacional a nivel de plataforma. El sistema conecta un FactSet Mercury mejorado, el motor de conocimiento conversacional de la empresa, con soluciones impulsadas por IA a través de un asistente global. La plataforma cuenta con orquestación agentiva para respuestas auditable y conocimientos accionables, junto a Bloques de Construcción de IA Empresarial para implementación interna por parte de los clientes.
Las principales soluciones que se avecinan incluyen Creador de Presentaciones para Banqueros, Comentario de Cartera con características ampliadas y IRN 2.0 para la gestión de investigación, todas lanzándose a principios de 2025. La iniciativa tiene como objetivo mejorar la productividad y la toma de decisiones para los clientes de compra y venta mediante flujos de trabajo simplificados y una mejor accesibilidad de datos.
팩트셋은 지능형 플랫폼 이니셔티브를 발표하며 플랫폼 수준에서 대화형 AI 통합을 도입했습니다. 이 시스템은 회사의 대화형 지식 엔진인 팩트셋 머큐리를 글로벌 어시스턴트를 통해 AI 기반 솔루션에 연결합니다. 플랫폼은 감사 가능한 답변과 실행 가능한 통찰력을 위한 에이전틱 오케스트레이션을 제공하며, 고객 내부 구현을 위한 기업 AI 빌딩 블록을 함께 제공합니다.
주요 예정 솔루션으로는 은행가를 위한 피치 생성기, 기능이 확장된 포트폴리오 코멘터리 및 연구 관리를 위한 IRN 2.0이 있으며, 모두 2025년 초에 출시될 예정입니다. 이 이니셔티브는 간소화된 워크플로우와 향상된 데이터 발견 가능성을 통해 매수 및 매도 클라이언트의 생산성과 의사 결정을 향상시키는 것을 목표로 합니다.
FactSet a annoncé son initiative Plateforme Intelligente, introduisant l'intégration de l'IA conversationnelle au niveau de la plateforme. Le système relie un FactSet Mercury amélioré, le moteur de connaissance conversationnelle de l'entreprise, à des solutions alimentées par l'IA via un assistant global. La plateforme propose une orchestration agentique pour des réponses vérifiables et des insights exploitables, ainsi que des Blocs de Construction d'IA pour Entreprises pour une mise en œuvre interne par les clients.
Les solutions clés à venir comprennent le Creeateur de Pitch pour Banquiers, le Commentaire de Portefeuille avec des fonctionnalités étendues, et IRN 2.0 pour la gestion de la recherche, qui seront toutes lancées début 2025. L'initiative vise à améliorer la productivité et la prise de décision pour les clients de la buy-side et de la sell-side grâce à des flux de travail rationalisés et une meilleure découvrabilité des données.
FactSet hat seine Initiative Intelligente Plattform angekündigt und eine Integration von Conversational AI auf Plattform-Ebene eingeführt. Das System verbindet eine verbesserte FactSet Mercury, die die Wissensdatenbank des Unternehmens ist, mit KI-gestützten Lösungen über einen globalen Assistenten. Die Plattform bietet agentisches Orchestrieren für überprüfbare Antworten und umsetzbare Einblicke sowie Enterprise AI Building Blocks für die interne Implementierung durch die Kunden.
Zu den wichtigsten kommenden Lösungen gehören Pitch Creator für Banker, Portfolio-Kommentare mit erweiterten Funktionen und IRN 2.0 für das Forschungsmanagement, die alle Anfang 2025 gestartet werden. Die Initiative zielt darauf ab, die Produktivität und Entscheidungsfindung für Buy- und Sell-Side-Kunden durch optimierte Arbeitsabläufe und verbesserte Datenauffindbarkeit zu steigern.
- Introduction of platform-wide AI integration enhancing workflow efficiency
- Launch of Enterprise AI Building Blocks enabling clients to implement FactSet's AI technology in-house
- Development of new productivity tools including Pitch Creator and Portfolio Commentary launching in 2025
- Major new features not available until early 2025
Insights
The launch of FactSet's Intelligent Platform marks a significant strategic pivot towards AI-driven financial services. The platform's integration of GenAI across workflows, particularly through the enhanced FactSet Mercury and Enterprise AI Building Blocks, positions the company competitively in the rapidly evolving fintech space. The 2025 rollout of specialized tools like Pitch Creator and Portfolio Commentary demonstrates a clear monetization strategy for AI investments.
The platform's ability to automate complex financial workflows and provide conversational access to vast datasets addresses key pain points in the financial services industry. This could drive increased platform adoption and client retention, potentially leading to higher recurring revenue streams. The enterprise-level AI building blocks offering also opens new revenue channels by enabling clients to build custom solutions.
This strategic initiative directly targets the buy-side and sell-side market segments, where workflow automation and AI-driven insights can significantly impact operational efficiency. The timing aligns with increasing industry demand for AI-powered solutions, potentially strengthening FactSet's market position against competitors like Bloomberg and Refinitiv.
The platform's focus on research automation and portfolio analytics addresses critical needs in investment management and banking operations. The early 2025 launch timeline for key features provides a reasonable window for market preparation and client adoption. The emphasis on customization and integration capabilities could drive deeper client relationships and higher switching costs.
Introducing a Platform-Level GenAI Search Agent for Buy- and Sell-Side Clients
NORWALK, Conn., Nov. 21, 2024 (GLOBE NEWSWIRE) -- FactSet, a global financial digital platform and enterprise solutions provider, today announced its Intelligent Platform initiative, introducing the integration of conversational AI at the platform level. The Intelligent Platform will connect an enhanced FactSet Mercury, the company’s conversational knowledge engine, to FactSet’s AI-powered solutions through a global assistant. Clients across the buy- and sell-side can expect to experience elevated productivity and decision-making through streamlined workflows and enhanced discoverability.
Key to the strength of the Intelligent Platform is FactSet Mercury’s agentic orchestration, which provides auditable answers and actionable insights to conversational queries, allowing users to simply ask for information across FactSet's vast amounts of data. This latest innovation provides next-generation search intelligence across FactSet’s extensive structured and unstructured data while allowing users to forego their manual research and search processes.
The Intelligent Platform also includes Enterprise AI Building Blocks, offerings designed to bring FactSet’s AI technology in-house for clients and enable technology teams to outsource the construction of complex processes to FactSet. These tools foster innovation, reduce time-to-market, and create opportunity for developers and technologists to build differentiated workflows. Currently in market are Conversational API, a FactSet Mercury-powered chatbot that can be integrated within client tech stacks, and GenAI Data Packages, which consolidates the critical data feeds needed to power small- and large-scale AI workflows.
Launching in early 2025, workflow solutions within the Intelligent Platform initiative will supercharge client capabilities across the sell-side and in support of the buy-side portfolio lifecycle.
- Pitch Creator for Bankers creates significant productivity gains for bankers and analysts by automating frequent and critical workflow tasks. From tombstone generation to chart creation, slide development and customization to working with filings, Pitch Creator leverages advanced AI to reduce the time and effort associated with all elements of building pitch books.
- Portfolio Commentary, which offers AI-generated commentary to identify the key drivers of portfolio performance without the manual creation of attribution summaries, will feature expanded search and Security Explanation features, as well as batching and customization by language and security.
- IRN 2.0, a FactSet Mercury-backed research management solution, seamlessly integrates with the global assistant, enabling buy-side research analysts and portfolio managers to share insights, ingest information, and search through unique internal research within the context of their portfolios.
- An expanded solution for Corporations will offer powerful search of both structured and unstructured sources, supporting Investor Relations and Corporate Strategy & Development teams in their research efforts and enabling them to understand how their company is positioned in the market and against peers.
“Our Intelligent Platform initiative introduces a powerful platform-wide global assistant, representing a significant advancement in FactSet’s commitment to building innovative solutions that create tangible value for our clients,” said Phil Snow, CEO of FactSet. “By combining this conversational AI with workflow solutions that supercharge our clients, we are enhancing client productivity and unlocking new opportunities for growth and efficiency across workflows.”
The Intelligent Platform builds on the success of FactSet’s 2023 AI Blueprint, which outlined the company’s strategy to leverage GenAI to boost client productivity through enhanced discoverability and streamlined workflows. For more information on FactSet’s AI solutions, please visit www.factset.com/ai.
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 216,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.
FactSet
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yet.he@factset.com
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