Rebuilding finance...one platform at a time

We've just released Wolfram Finance Platform with a simple aim: take all the experience we've built up in computation and as a development platform from other areas--whether biology, knowledge or rocket science---and apply it in finance.

It's amazing how little cross-pollination there is between computational areas. Each area has largely had systems with their own lingo and customs and only the types of computation with which they have become familiar.

We can do a simple demo of graph layout of stock correlation to a group of financial engineers and they are impressed. Well, we do have a very nice implementation, but the algorithms are well established and standard fitment in areas like social network analysis.

WFP_Diagram_065.jpg

Finance is clearly an area where the analytics needs rebuilding, particularly for risk. In truth, it's a mixture between questionable analysis and antiquated reporting. So it's not just straight computation we're talking here either. It's high-level language, instant interactive reporting and linguistic interfaces to name a few. But what it really needs is the coherence of having an all-in-one system with intelligent automation that builds trust.

This is just the start of taking Mathematica technology and doing much deeper deployment in finance and other, different verticals.

Just finishing CDF rollout...

Thought I'd take a quick breather from getting everything ready for our rollout of the Computable Document Format (CDF) technology. Rather than tell you about the tech (just authoring a blog on that for the Wolfram blog), I'm thinking of the process.

And gosh there's lots for the team to think about.

First there's the technology and workflows for it. That's got to be right or all bets are off. Then there are all the websites, their technology, their testing. The press releases, briefings, talks. The blog items, examples and questions. Internal announcements, external announcements.

We're kind of used to this with Mathematica but we know our audience well. Here we're into uncharted territory, not just for us but for everyone.

In the end, what I will worry about is whether we've explained what we're doing well enough. Will people get CDF's significance? Have we spoken both to people from document and from software backgrounds---they're very different. Have we missed some crucial part of the story, some important nuance because we're so close to it?

Watch this space (literally)...and see "Documents come alive with the power of computation"!

P.S. You'll want CDF Player installed. It's free here.