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  • I just want to kind of get your perspective on what you see here. Anybody?

  • So what you're seeing is you have 5% or more sample of the picture so you have a

  • keyhole of data into this this picture. Many of us have been looking at data

  • through this data keyhole. It's very hard to understand what the whole population

  • looks like the whole big picture and that's really what big data is about. So

  • when I show you the whole picture you immediately say of course this is a

  • Brooklyn Bridge. Now you have the whole picture. Okay so the point here is that

  • big data allows you to look at the whole picture not a statistical sample and of

  • course that's the whole point of the talk is with this you have the entire

  • picture, so some of you are probably thinking well Mike if we're doing this

  • analysis do we have to go through every single report and dig this information

  • out? Some of you also might be thinking I mean it would really be nice if we had

  • all this data in one little database where we could use it freely. Well that's

  • where I'm going folks. That's the good news.

  • About a month ago we published the financial statement and notes data sets.

  • This is freely available on the SEC website and what it includes is back to

  • 2009 all of the structured data for all of the company financial statements. So

  • in the past we've been publishing financial statement data sets which was

  • just the data from the actual financial statements this includes the financial

  • statements and all of the note disclosures, both numeric and narrative

  • disclosures in the notes. Okay that's important because that's where a lot of

  • the details are that the devil is looking for, so if you're interested this

  • is out there. If you're doing analysis on financial statements the other thing I

  • would point out about this data set is that it's of every single public company

  • filing 10k and 10-q financial statements it's not just the top three fouls on to

  • the top 2000. it's literally all financial statement filers for the

  • period from '09 through today and we update it quarterly. There's no licensing

  • restrictions. It's freely available for you to do research on.

  • Thank you very much.

I just want to kind of get your perspective on what you see here. Anybody?

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