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Big Data’s Role in Financial Journalism

By   /  January 22, 2013  /  No Comments

blby Angela Guess

Sarah Marshall of Journalism.co.uk recently discussed how Big Data is effecting financial journalism. She writes, “Hacks/Hackers London met last night and looked at examples at how big data is changing financial journalism. The meetup of journalists and technologists, which took place at Bloomberg, heard from speakers from Reuters, Bloomberg, the Financial Times and OpenCorporates.” The first case study looked at Bloomberg: “Marianne Bouchart is web producer EMEA for Bloomberg News and is responsible for kick-starting data journalism projects within the organisation. She demonstrated how journalists at the financial news organisation have a vast resource available by way of the Bloomberg Terminal. This is the Terminal that 310,000 people pay around $20,000-a-year to access as a subscriber to the Bloomberg Professional service (there is more background on the Terminal here).”

The second case study discussed Reuters: “Sam Arnold-Forster and Himanshu Ojha explained how Reuters tells financial stories through data, from flat graphics, to interactives, through to a six-month investigation into income inequality in the US. Ojha, who described himself as “a journalist who came to data”, worked on the in-depth investigation headlined ‘The unequal state of America: a Reuters series‘. Ojha said that Reuters wanted to carry out investigative research that no other outlet had done – which was difficult considering the number of news stories and research that have been done on inequality. Most of the data came from the US census bureau, which Ojha and team analysed on a state-by-state basis.”

Read more here.

photo credit: Bloomberg

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