FactSet Releases Transcript Assistant, A Game-Changing AI Tool for Earnings Call Analysis
12 March 2024 - 10:00PM
FactSet, a global financial digital platform and enterprise
solutions provider, today announced the release of Transcript
Assistant, a GenAI-powered, conversational chatbot that accelerates
in-depth research and analysis of earnings call transcripts.
Transcript Assistant leverages generative AI (GenAI) to help
users search, analyze, and extract valuable, actionable insights
from all transcripts in FactSet, ultimately enhancing the
investment research process within the FactSet Workstation.
The interactive tool allows users to submit custom queries
regarding the transcript in a two-way interface that goes beyond
earnings summarizations, such as, ‘How is the company discussing
the impact of a U.S. recession?’. From there, the large language
models identify, synthesize, and surface relevant transcript
information to help users maximize efficiency and unlock insights
that inform critical business decisions.
Key features include:
- Interactive Chat
Assistant: Digest earnings calls quickly with bespoke
questions and pre-populated prompts that provide summaries for
specific sections and/or speakers, hone in on key data points, and
explore trending themes.
- Robust Search
Capabilities: Users can easily search for specific
keywords, phrases, or topics within the transcripts, enabling them
to find relevant information more efficiently.
- View Intelligent
Summaries: Transcript Assistant provides high-level
summaries, high/low takeaways, updated management guidance, and key
themes shortly after the call ends that can be accessed anywhere in
FactSet’s applications where transcripts are available.
- Seamless
Integration: Transcripts and extracted data can be
seamlessly exported to other FactSet applications or external tools
to facilitate further analysis or integration with existing
workflows.
FactSet integrates the expertise of its StreetAccount news and
insight business to create strict quality and accuracy controls for
Transcript Assistant. By drawing on the extensive financial
experience of this team of human experts, Transcript Assistant is
optimized to efficiently extract relevant insights, backed by
enhanced reliability and integrity.
Emily Geer, Senior Director, Corporates at FactSet, said:
“Clients are at the heart of everything we do, which is why we are
thrilled to introduce our first interactive GenAI solution
available within the FactSet Workstation to all firm types.
Transcript Assistant is the go-to efficiency tool to not only
navigate, but to excel during earnings season. We’re proud to power
our clients’ research workflows with innovative AI solutions and
industry-leading earnings content to improve decision-making and
drive productivity.”
Stas Timofeyev, Senior Analyst, Quantitative Solutions and
Portfolio Analysis at Kennedy Capital Management, said: “We are
very proud of our labor-intensive research process, which has been
the cornerstone of our success for over 40 years. FactSet
Transcript Assistant is an innovative AI tool that enhances our
efficiency and helps decision-making capabilities during earnings
season by providing constructive insights through an interactive
chat. It’s a valuable addition to our arsenal. We look forward
to leveraging more of FactSet’s cutting-edge AI solutions to help
us stay ahead in a competitive, dynamic market.”
FactSet is committed to data privacy and security across all our
solutions. With Transcript Assistant, users can prompt confidently
knowing that FactSet does not use queries for automated model
training or fine-tuning.
Transcript Assistant marks the company’s first fully released,
interactive GenAI solution available in the FactSet Workstation to
all firm types. This latest innovation is part of the company’s
mile-deep workflow automation pillar outlined in FactSet’s AI
Blueprint, a product roadmap that establishes how the power of AI
will continue to enhance FactSet's industry-leading solutions to
deliver unparalleled levels of personalization, discoverability,
and productivity to clients.
For more information on FactSet’s AI solutions, please visit:
Artificial Intelligence | AI Technology Solutions | FactSet
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 nearly 8,000 global clients, including over 207,000
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 Twitter and LinkedIn.
FactSetInvestor Relations:Ali van
Nes+1.203.810.2273Avannes@factset.com
Media Relations:Megan
Kovach+1.512.736.2795megan.kovach@factset.com
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