Warwick Business School and its Gillmore Centre for Financial Technology has joined forces with West Midlands body SuperTech to launch a roadmap for the tech sector that aims to deliver thousands of jobs and add £1.5 billion to the regional economy over the next 10 years.

Unstructured multimedia data (text and audio) provides unprecedented opportunities to derive actionable decision-making in the financial industry, in areas such as portfolio and risk management. However, due to formidable methodological challenges, the promise of business value from unstructured multimedia data has not materialized. In this study, we use a design science approach to develop DeepVoice, a novel nonverbal predictive analysis system for financial risk prediction, in the setting of quarterly earnings conference calls. DeepVoice forecasts financial risk by leveraging not only what managers say (verbal linguistic cues) but also how managers say it (vocal cues) during the earnings conference calls. The design of DeepVoice addresses several challenges associated with the analysis of nonverbal communication. We also propose a two-stage deep learning model to effectively integrate managers’ sequential vocal and verbal cues. Using a unique dataset of 6,047 earnings call samples (audio recordings and textual transcripts) of S&P 500 firms across four years, we show that DeepVoice yields remarkably lower risk forecast errors than that achieved by previous efforts. The improvement can also translate into nontrivial economic gains in options trading. The theoretical and practical implications of analyzing vocal cues are discussed.

Join us in a simulating Social Ideas Platform in real-life!

30 June at The Climb, The Junction Building, University of Warwick Campus

If you:

1. have an idea and are wondering how to develop it
or
2. are a researcher interested in our inclusive innovation hypothesis

Come along to collaborate and taste-test the concept!

⚙️ Effective algorithms (SIP facilitators) will guide the sharing, matching and refinement of ideas in real-time so they are ‘optimised’ - as they would be on SIP.

💡 Then the power is over to you to democratically determine the Value of Contributions associated with a given optimised idea.

🌱 Contributors to the given idea will receive an effective proof of idea ownership memorabilia unique to SIP’s first event!
#innovation #power #event #building #algorithms #algorithms #university