AI Chat You Can Send Pictures To

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Affinity (software)

Affinity is a graphics editor developed by Serif, a subsidiary of Canva. It is simultaneously a vector graphics editor, a raster graphics editor and a desktop publishing application. It was first released in 2025 as a successor to Serif's Affinity Designer, Affinity Photo and Affinity Publisher, uniting the three editors into one application. While the previous versions competed individually against Adobe's Illustrator, Photoshop, and InDesign, Affinity 3.0 integrates their functionality into a single application. It uses a freemium model monetized by AI features exclusive to Canva Pro subscribers. == Functionality == Affinity is divided into a number of workspaces ("studios"), which are equivalent to the previous suite of Affinity applications: "vector" for vector graphics (Designer), "pixel" for raster editing (Photo), and "layout" for desktop publishing (Publisher). Additionally, it introduces the ability to create custom workspaces. The application supports real-time previews and non-destructive editing, which are based on GPU acceleration. Supported file formats include Adobe Photoshop, InDesign and Illustrator files, PDF, SVG, and TIFF, as well as a custom .af file format. === Vector editing === === Raster editing === Affinity includes photo editing tools including adjustments, masks, blend modes, batch processing, and retouching facilities. Additionally, the application can develop RAW files, similar to Adobe Lightroom. === Desktop publishing === Publishing features include master pages, text styles, and advanced typography. === AI features === The application supports Canva's existing AI features, such as background removal and generative fill. This requires a Canva subscription. == Development == === Background and acquisition (2014–2024) === Serif launched the original Affinity suite starting with Affinity Designer in 2014, followed by Photo (2015) and Publisher (2019). The software gained popularity for its one-time purchase model, contrasting with Adobe's subscription-based Creative Cloud. In November 2022, Serif released Version 2 of the suite, introducing a "Universal License" that covered all three apps across all platforms. In March 2024, Canva acquired Serif for approximately A$580 million (£300 million). Following user backlash regarding a potential shift to subscriptions, Canva and Serif issued a joint "Pledge" committing to four key principles: fair pricing, no mandatory subscriptions, perpetual licenses for existing products, and continued development of Affinity as a standalone suite. === Unified release (2025) === In September 2025, Serif pulled all existing versions of Affinity Designer, Affinity Photo and Affinity Publisher from sale ahead an upcoming announcement on 30 October; also ahead of the announcement, the iPadOS versions of the Affinity suite became free on App Store. During a "Creative Freedom" keynote on 30 October 2025, Canva released a new version now simply branded as "Affinity" (also known as "Affinity by Canva"), and referred to internally as version 3.0. Version 3 drops the separate applications and integrates their functionality into a singular application, and adds the ability to export directly to the Canva platform. It also adds a Canva AI studio, including background removal, "Expand & Edit", and generative fill. As of version 3, Affinity has switched to a freemium model; it is now available at no charge to users, although access to Canva AI features are locked behind the existing Canva Pro subscription service. Serif stated that the perpetually-licensed version 2 will remain available to existing owners, although it will no longer be actively maintained. The new version is currently available for macOS and Windows only, with an iPadOS version to be released soon. == Reception == The change in business model by Canva in 2025 was met with mixed reception, including concerns about its incorporation of AI features. Some users were concerned that their projects would be used for machine learning purposes, or that future versions would suffer from a lack of maintenance or become adware. Additionally, some felt it turned Affinity into fundamentally subscription-based software, given the prevalence of these features in professional contexts. Affinity publicly stated on social media that it would remain "free forever", users' projects would not be used to train AI models, and that "Canva has built a sustainable business model that allows this kind of generosity. And when more professionals use Affinity, Canva can sell more seats into businesses."
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Knowledge organization system

Knowledge organization system (KOS), concept system, or concept scheme is the generic term used in knowledge organization (KO) for the selection of concepts with an indication of selected semantic relations. Despite their differences in type, coverage, and application, all KOS aim to support the organization of knowledge and information to facilitate their management and retrieval. KOS vary in complexity from simple sorted lists to complex relational networks. They represent both structural and functional features, and serve to eliminate ambiguity, control synonyms, establish relationships, and present properties. From their origins in library and information science (LIS), KOS have been applied to other domains and disciplines within science and industry, although scholarly research and debate remain primarily within the KO field. Challenges of KOS include ambiguity of terminology, repercussions of biased systems, and potential obsolescence. KOS can be expressed in RDF and RDFS as per the Simple Knowledge Organization System (SKOS) recommendation by W3C, which aims to enable the sharing and linking of KOS via the Web. One of the largest collections of KOS is the BARTOC registry. == Types == While different schema of KOS have been proposed, most are generally arranged in terms of the complexity of their construction and maintenance. Some scholars argue that organizing KOS on a spectrum oversimplifies the shared characteristics among them, and may even result in a non-ideal structure being chosen. The following types are not exhaustive, and are often not mutually-exclusive in practice. === Term lists === Term lists are the least structured form of KOS. They include lists, glossaries, dictionaries, and synonym rings. Authority files and gazetteers may also be considered term lists, however other scholars categorize them and directories as "metadata-like models". Examples include the Union List of Artist Names name authority file and the GeoNames gazetteer. === Categorization and classification === KOS that emphasize specific (and often hierarchical) structures include subject headings, taxonomies, categorization schema, and classification schema & systems. Despite inconsistent use of the terms "categorization" and "classification" in some literature, categorization is generally loosely-assembled grouping schema and may include attributes that are not mutually exclusive (or having fuzzy boundaries), while classification is related to the arrangement of non-overlapping and mutually-exclusive classes. Classification schema may be universal (such as Dewey Decimal Classification and Information Coding Classification) or domain-specific (such as the National Library of Medicine Classification). === Relationship models === The types of KOS with greatest complexity and which utilize connections between concepts include thesauri, semantic networks, and ontologies. One of the most prominent examples of a semantic network is WordNet. === Others === Certain structures proposed to be considered types of KOS—but are not consistently included in schema—include folksonomies, topic maps, web directory structures, publication organization systems, and bibliometric maps. Some KOS organize other KOS themselves—for instance, PeriodO is a gazetteer of periodization categories. == Applications == Some early KOS were developed as a support system for abstracting and indexing services to be used by specially-trained searchers. With the growth of information digitization, usability became increasingly accessible, and more complex structures were developed. Prominent examples of KOS outside of LIS include organism taxonomy in biology, the periodic table of elements in chemistry, SIC and NAICS classification systems for industry & business, and AGROVOC agricultural controlled vocabulary. == Challenges == The study and design of KOS is an ongoing topic of discussion among KO scholars. === Terminology === [There is] a serious lack of vocabulary control in the literature on controlled vocabulary. Inconsistency of terminology within the study of KOS is a common issue. For instance, "ontology" is used for both a specific type of KOS as well as a generic term for any KOS. The terms "taxonomy", "classification", and "categorization" are also sometimes used interchangeably. === Bias === As knowledge can be historically and culturally biased, scholars have also discussed how KOS themselves can perpetuate harmful practices or stereotypes. For example, a number of concerns and criticisms about the classification of mental disorders in the Diagnostic and Statistical Manual of Mental Disorders have been raised, contributing to ongoing revisions. Ethical and intentional design approaches have been proposed for multi-perspective KOS in efforts to mitigate bias and other harmful practices. === Obsolescence === The possible obsolescence of the thesaurus and other simpler KOS has been the topic of debate, especially in the face of increasingly complex ontologies, the growing usage of "Google-like retrieval systems", and the move of KO theory and research away from LIS and toward computer science. Supporters of thesauri argue its continued usefulness for metadata enrichment, vocabulary mapping, and web services, as well as its usage in specific domains such as corporate intranets and digital image libraries.
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Concordance (publishing)

A concordance is an alphabetical list of the principal words used in a book or body of work, listing every instance of each word with its immediate context. Historically, concordances have been compiled only for works of special importance, such as the Vedas, Bible, Qur'an or the works of Shakespeare, James Joyce or classical Latin and Greek authors, because of the time, difficulty, and expense involved in creating a concordance in the pre-computer era. A concordance is more than an index, with additional material such as commentary, definitions and topical cross-indexing which makes producing one a labor-intensive process even when assisted by computers. In the precomputing era, search technology was unavailable, and a concordance offered readers of long works such as the Bible something comparable to search results for every word that they would have been likely to search for. Today, the ability to combine the result of queries concerning multiple terms (such as searching for words near other words) has reduced interest in concordance publishing. In addition, mathematical techniques such as latent semantic indexing have been proposed as a means of automatically identifying linguistic information based on word context. A bilingual concordance is a concordance based on aligned parallel text. A topical concordance is a list of subjects that a book covers (usually The Bible), with the immediate context of the coverage of those subjects. Unlike a traditional concordance, the indexed word does not have to appear in the verse. The best-known topical concordance is Nave's Topical Bible. The first Bible concordance was compiled for the Vulgate Bible by Hugh of St Cher (d.1262), who employed 500 friars to assist him. In 1448, Rabbi Mordecai Nathan completed a concordance to the Hebrew Bible. It took him ten years. A concordance to the Greek New Testament was published in 1546 by Sixt Birck, and the Septuagint was done a by Conrad Kircher in 1602. The first concordance to the English Bible was published in 1550 by John Merbecke. According to Cruden, it did not employ the verse numbers devised by Robert Stephens in 1545, but "the pretty large concordance" of Mr Cotton did. Then followed Cruden's Concordance and Strong's Concordance. == Use in linguistics == Concordances are frequently used in linguistics, when studying a text. For example: comparing different usages of the same word analysing keywords analysing word frequencies finding and analysing phrases and idioms finding translations of subsentential elements, e.g. terminology, in bitexts and translation memories creating indexes and word lists (also useful for publishing) Concordancing techniques are widely used in national text corpora such as American National Corpus (ANC), British National Corpus (BNC), and Corpus of Contemporary American English (COCA) available on-line. Stand-alone applications that employ concordancing techniques are known as concordancers or more advanced corpus managers. Some of them have integrated part-of-speech taggers (POS taggers) and enable the user to create their own POS-annotated corpora to conduct various types of searches adopted in corpus linguistics. == Inversion == The reconstruction of the text of some of the Dead Sea Scrolls involved a concordance. Access to some of the scrolls was governed by a "secrecy rule" that allowed only the original International Team or their designates to view the original materials. After the death of Roland de Vaux in 1971, his successors repeatedly refused to even allow the publication of photographs to other scholars. This restriction was circumvented by Martin Abegg in 1991, who used a computer to "invert" a concordance of the missing documents made in the 1950s which had come into the hands of scholars outside of the International Team, to obtain an approximate reconstruction of the original text of 17 of the documents. This was soon followed by the release of the original text of the scrolls.
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Snap rounding

Snap rounding is a method of approximating line segment locations by creating a grid and placing each point in the centre of a cell (pixel) of the grid. The method preserves certain topological properties of the arrangement of line segments. Drawbacks include the potential interpolation of additional vertices in line segments (lines become polylines), the arbitrary closeness of a point to a non-incident edge, and arbitrary numbers of intersections between input line-segments. The 3 dimensional case is worse, with a polyhedral subdivision of complexity n becoming complexity O(n4). There are more refined algorithms to cope with some of these issues, for example iterated snap rounding guarantees a "large" separation between points and non-incident edges. == Algorithm == ... (please edit). See, and https://www.cgal.org/ () == Properties == Canonicity: Efficiency; A number of efficient implementations exist. Conversely there are undesirable properties: Non-idempotence: Repeated applications can cause arbitrary drift of points. Exception on "Stable snap rounding" algorithms, see https://doi.org/10.1016/j.comgeo.2012.02.011
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Euratlas

Euratlas is a Switzerland-based software company dedicated to elaborate digital history maps of Europe. Founded in 2001, Euratlas has created a collection of history maps of Europe from year 1 AD to year 2000 AD that present the evolution of every country from the Roman Empire to present times. The evolution includes sovereign states and their administrative subdivisions, but also unorganized peoples and dependent territories. The maps show European country borders at regular intervals of 100 years, but not year by year. This leaves out many important turning points in history. Euratlas is considered a digital humanities company, and a scholar research software used in the field of historic cartography. It is broadly known among American and European universities, who mainly use Euratlas as a research tool and as a digital library atlas. == Sequential mapping policy == This concept was first designed by the German scholar Christian Kruse (1753–1827). Kruse, well aware that historical accounts are often biased for geographical, philosophical or political reasons, created a set of sequential maps in order to give a global vision of the successive political situations. Nowadays, the majority of atlases don't use this approach, but are event-based, like the well-known Penguin Atlas of History. The sequential approach intends to make the sequence of maps more neutral and suitable for students, historians and professionals of several fields. Although, this approach has been discussed as it leaves out many important history events that are not reflected on any of the maps because of the century interval. == Geo-referenced historical data == Initially, the European maps by century were developed as vector maps. From 2006 on, they have been converted to a geographic information system (GIS) database, enabling geo-referenced data capabilities. The map information is distributed in several layers: physical (geography information layer); political information layer (supranational entities, sovereign states, administrative divisions, dependent states and autonomous peoples); and special layers for cities and uncertain borders. The software database also contains much non-geographical information about political relationships between the various kinds of territories. == Map projection == Euratlas History Maps uses a Mercator projection, with the center in Europe. The maps include the North-African coast and the Near-East, offering a complete view of the Mediterranean Basin. The European Russia plains are shown, but not Scandinavia, specially Finland, which is cropped off the map view.
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Vocabulary-based transformation

In metadata, a vocabulary-based transformation (VBT) is a transformation aided by the use of a semantic equivalence statements within a controlled vocabulary. Many organizations today require communication between two or more computers. Although many standards exist to exchange data between computers such as HTML or email, there is still much structured information that needs to be exchanged between computers that is not standardized. The process of mapping one source of data into another is often a slow and labor-intensive process. VBT is a possible way to avoid much of the time and cost of manual data mapping using traditional extract, transform, load technologies. == History == The term vocabulary-based transformation was first defined by Roy Shulte of the Gartner Group around May 2003 and appeared in annual "hype-cycle" for integration. == Application == VBT allows computer systems integrators to more automatically "look up" the definitions of data elements in a centralized data dictionary and use that definition and the equivalent mappings to transform that data element into a foreign namespace. The Web Ontology Language (OWL) language also support three semantic equivalence statements. == Companies or products == IONA Technologies Contivo and Delta by Liaison Technologies enLeague Systems ItemField Unicorn Solutions Vitria Technology Zonar
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Traité de Documentation

Traité de documentation: le livre sur le livre, théorie et pratique is a landmark book by Belgian author Paul Otlet, first published in 1934. == Legacy == The book is considered a landmark in the history of information science, with concepts predicting the rise of the World Wide Web and search engines. In [Otlet's] most famous publication of 1934, Traité de Documentation, he wrote of a desk in the form of a wheel from which different projects (workspaces) could be switched as they rotated — foreshadowing the multiple desktops and tabs of contemporary computer interfaces. Inspired by the arrival of radio, phonograph, cinema, and television, Otlet also posited that there were as yet many “inventions to be discovered,” including the reading and annotation of remote documents and computer speech.
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ArchiMate

ArchiMate ( AR-ki-mayt) is an open and independent enterprise architecture modeling language to support the description, analysis and visualization of architecture within and across business domains in an unambiguous way. ArchiMate is a technical standard from The Open Group and is based on concepts from the now superseded IEEE 1471 standard. It is supported by various tool vendors and consulting firms. ArchiMate is also a registered trademark of The Open Group. The Open Group has a certification program for ArchiMate users, software tools and courses. ArchiMate distinguishes itself from other languages such as Unified Modeling Language (UML) and Business Process Modeling and Notation (BPMN) by its enterprise modelling scope. Also, UML and BPMN are meant for a specific use and they are quite heavy – containing about 150 (UML) and 250 (BPMN) modeling concepts whereas ArchiMate works with just about 50 (in version 2.0). The goal of ArchiMate is to be ”as small as possible”, not to cover every edge scenario imaginable. To be easy to learn and apply, ArchiMate was intentionally restricted “to the concepts that suffice for modeling the proverbial 80% of practical cases". == Overview == ArchiMate offers a common language for describing the construction and operation of business processes, organizational structures, information flows, IT systems, and technical infrastructure. This insight helps the different stakeholders to design, assess, and communicate the consequences of decisions and changes within and between these business domains. The main concepts and relationships of the ArchiMate language can be seen as a framework, the so-called Archimate Framework: It divides the enterprise architecture into a business, application and technology layer. In each layer, three aspects are considered: active elements, an internal structure and elements that define use or communicate information. One of the objectives of the ArchiMate language is to define the relationships between concepts in different architecture domains. The concepts of this language therefore hold the middle between the detailed concepts, which are used for modeling individual domains (for example, the Unified Modeling Language (UML) for modeling software products), and Business Process Model and Notation (BPMN), which is used for business process modeling. == History == ArchiMate is partly based on the now superseded IEEE 1471 standard. It was developed in the Netherlands by a project team from the Telematica Instituut in cooperation with several Dutch partners from government, industry and academia. Among the partners were Ordina NV, Radboud Universiteit Nijmegen, the Leiden Institute for Advanced Computer Science (LIACS) and the Centrum Wiskunde & Informatica (CWI). Later, tests were performed in organizations such as ABN AMRO, the Dutch Tax and Customs Administration and the ABP. The development process lasted from July 2002 to December 2004, and took about 35 person years and approximately 4 million euros. The development was funded by the Dutch government (Dutch Tax and Customs Administration), and business partners, including ABN AMRO and the ABP Pension Fund. In 2008 the ownership and stewardship of ArchiMate was transferred to The Open Group. It is now managed by the ArchiMate Forum within The Open Group. In February 2009 The Open Group published the ArchiMate 1.0 standard as a formal technical standard. In January 2012 the ArchiMate 2.0 standard, and in 2013 the ArchiMate 2.1 standard was released. In June 2016, the Open Group released version 3.0 of the ArchiMate Specification. An update to Archimate 3.0.1 came out in August 2017. Archimate 3.1 was published 5 November 2019. The latest version of the ArchiMate Specification is version 3.2 released October 2022. Version 3.0 adds enhanced support for capability-oriented strategic modelling, new entities representing physical resources (for modelling the ingredients, equipment and transport resources used in the physical world) and a generic metamodel showing the entity types and the relationships between them. == ArchiMate framework == === Core framework === The main concepts and elements of the ArchiMate language are being presented as ArchiMate core framework. It consists of three layers and three aspects. This creates a matrix of combinations. Every layer has its passive structure, behavior and active structure aspects. ==== Layers ==== ArchiMate has a layered and service-oriented look on architectural models. The higher layers make use of services that are provided by the lower layers. Although, at an abstract level, the concepts that are used within each layer are similar, we define more concrete concepts that are specific for a certain layer. In this context, we distinguish three main layers: The business layer is about business processes, services, functions and events of business units. This layer "offers products and services to external customers, which are realized in the organization by business processes performed by business actors and roles". The application layer is about software applications that "support the components in the business with application services". The technology layer deals "with the hardware and communication infrastructure to support the application layer. This layer offers infrastructural services needed to run applications, realized by computer and communication hardware and system software". Each of these main layers can be further divided in sub-layers. For example, in the business layer, the primary business processes realising the products of a company may make use of a layer of secondary (supporting) business processes; in the application layer, the end-user applications may make use of generic services offered by supporting applications. On top of the business layer, a separate environment layer may be added, modelling the external customers that make use of the services of the organisation (although these may also be considered part of the business layer). In line with service orientation, the most important relation between layers is formed by use relations, which show how the higher layers make use of the services of lower layers. However, a second type of link is formed by realisation relations: elements in lower layers may realise comparable elements in higher layers; e.g., a ‘data object’ (application layer) may realise a ‘business object’ (business layer); or an ‘artifact’ (technology layer) may realise either a ‘data object’ or an ‘application component’ (application layer). ==== Aspects ==== Passive structure is the set of entities on which actions are conducted. In the business layer the example would be information objects, in the application layer data objects and in the technology layer, they could include physical objects. Behavior refers to the processes and functions performed by the actors. "Structural elements are assigned to behavioral elements, to show who or what displays the behavior". Active structure is the set of entities that display some behavior, e.g. business actors, devices, or application components. === Full framework === The Full ArchiMate framework is enriched by the physical layer, which was added to allow modeling of “physical equipment, materials, and distribution networks” and was not present in the previous version. The implementation and migration layer adds elements that allow architects to model a state of transition, to mark parts of the architecture that are temporary for the purpose, as the name says, of implementation and migration. Strategy layer adds three elements: resource, capability and course of action. These elements help to incorporate strategic dimension to the ArchiMate language by allowing it to depict the usage of resources and capabilities in order to achieve some strategic goals. Finally, there is a motivation aspect that allows different stakeholders to describe the motivation of specific actors or domains, which can be quite important when looking at one thing from several different angles. It adds several elements like stakeholder, value, driver, goal, meaning etc. == ArchiMate language == The ArchiMate language is formed as a top-level and is hierarchical. On the top, there is a model. A model is a collection of concepts. A concept can be either an element or a relationship. An element can be either of behavior type, structure, motivation or a so-called composite element (which means that it does not fit just one aspect of the framework, but two or more). The functionality of all concepts without a dependency on a specific layer is described by the generic metamodel. This layer-independent description of concepts is useful when trying to understand the mechanics of the Archimate language. === Concepts === ==== Elements ==== The generic elements are distributed into the same categories as the layers: Active structure elements Behavior elements Passive structure elements Motivation elements Active structure e
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News analytics

In trading strategy, news analysis refers to the measurement of the various qualitative and quantitative attributes of textual (unstructured data) news stories. Some of these attributes are: sentiment, relevance, and novelty. Expressing news stories as numbers and metadata permits the manipulation of everyday information in a mathematical and statistical way. This data is often used in financial markets as part of a trading strategy or by businesses to judge market sentiment and make better business decisions. News analytics are usually derived through automated text analysis and applied to digital texts using elements from natural language processing and machine learning such as latent semantic analysis, support vector machines, "bag of words" among other techniques. == Applications and strategies == The application of sophisticated linguistic analysis to news and social media has grown from an area of research to mature product solutions since 2007. News analytics and news sentiment calculations are now routinely used by both buy-side and sell-side in alpha generation, trading execution, risk management, and market surveillance and compliance. There is however a good deal of variation in the quality, effectiveness and completeness of currently available solutions. A large number of companies use news analysis to help them make better business decisions. Academic researchers have become interested in news analysis especially with regards to predicting stock price movements, volatility and traded volume. Provided a set of values such as sentiment and relevance as well as the frequency of news arrivals, it is possible to construct news sentiment scores for multiple asset classes such as equities, Forex, fixed income, and commodities. Sentiment scores can be constructed at various horizons to meet the different needs and objectives of high and low frequency trading strategies, whilst characteristics such as direction and volatility of asset returns as well as the traded volume may be addressed more directly via the construction of tailor-made sentiment scores. Scores are generally constructed as a range of values. For instance, values may range between 0 and 100, where values above and below 50 convey positive and negative sentiment, respectively. === Absolute return strategies === The objective of absolute return strategies is absolute (positive) returns regardless of the direction of the financial market. To meet this objective, such strategies typically involve opportunistic long and short positions in selected instruments with zero or limited market exposure. In statistical terms, absolute return strategies should have very low correlation with the market return. Typically, hedge funds tend to employ absolute return strategies. Below, a few examples show how news analysis can be applied in the absolute return strategy space with the purpose to identify alpha opportunities applying a market neutral strategy or based on volatility trading. Example 1 Scenario: The gap between the news sentiment scores for direction, S {\displaystyle S} , of Company X {\displaystyle X} and Market Y {\displaystyle Y} has moved beyond + 20 {\displaystyle +20} . That is, S X − S Y {\displaystyle S_{X}-S_{Y}} ≥ 20 {\displaystyle 20} . Action: Buy the stock on Company X {\displaystyle X} and short the future on Market Y {\displaystyle Y} . Exit Strategy: When the gap in the news sentiment scores for direction of Company X {\displaystyle X} and Market Y {\displaystyle Y} has disappeared, S X − S Y {\displaystyle S_{X}-S_{Y}} = 0 {\displaystyle 0} , sell the stock on Company X {\displaystyle X} and go long the future on Market Y {\displaystyle Y} to close the positions. Example 2 Scenario: The news sentiment score for volatility of Company X {\displaystyle X} goes above 70 {\displaystyle 70} out of 100 {\displaystyle 100} indicating an expected volatility above the option implied volatility. Action: Buy a short-dated straddle (the purchase of both a put and a call) on the stock of Company X {\displaystyle X} . Exit Strategy: Keep the straddle on Company X {\displaystyle X} until expiry or until a certain profit target has been reached. === Relative return strategies === The objective of relative return strategies is to either replicate (passive management) or outperform (active management) a theoretical passive reference portfolio or benchmark. To meet these objectives such strategies typically involve long positions in selected instruments. In statistical terms, relative return strategies often have high correlation with the market return. Typically, mutual funds tend to employ relative return strategies. Below, a few examples show how news analysis can be applied in the relative return strategy space with the purpose to outperform the market applying a stock picking strategy and by making tactical tilts to ones asset allocation model. Example 1 Scenario: The news sentiment score for direction of Company X {\displaystyle X} goes above 70 {\displaystyle 70} out of 100 {\displaystyle 100} . Action: Buy the stock on Company X {\displaystyle X} . Exit Strategy: When the news sentiment score for direction of Company X {\displaystyle X} falls below 60 {\displaystyle 60} , sell the stock on Company X {\displaystyle X} to close the position. Example 2 Scenario: The news sentiment score for direction of Sector Z {\displaystyle Z} goes above 70 {\displaystyle 70} out of 100 {\displaystyle 100} . Action: Include Sector Z {\displaystyle Z} as a tactical bet in the asset allocation model. Exit Strategy: When the news sentiment score for direction of Sector Z {\displaystyle Z} falls below 60 {\displaystyle 60} , remove the tactical bet for Sector Z {\displaystyle Z} from the asset allocation model. === Financial risk management === The objective of financial risk management is to create economic value in a firm or to maintain a certain risk profile of an investment portfolio by using financial instruments to manage risk exposures, particularly credit risk and market risk. Other types include Foreign exchange, Shape, Volatility, Sector, Liquidity, Inflation risks, etc. Below, a few examples show how news analysis can be applied in the financial risk management space with the purpose to either arrive at better risk estimates in terms of Value at Risk (VaR) or to manage the risk of a portfolio to meet ones portfolio mandate. Example 1 Scenario: The bank operates a VaR model to manage the overall market risk of its portfolio. Action: Estimate the portfolio covariance matrix taking into account the development of the news sentiment score for volume. Implement the relevant hedges to bring the VaR of the bank in line with the desired levels. Example 2 Scenario: A portfolio manager operates his portfolio towards a certain desired risk profile. Action: Estimate the portfolio covariance matrix taking into account the development of the news sentiment score for volume. Scale the portfolio exposure according to the targeted risk profile. === Computer algorithms using news analytics === Within 0.33 seconds, computer algorithms using news analytics can notify subscribers which company the news is about, if the news article sentiment is positive or negative, if the news is ranked as high or low relative importance … relative relevance. the stock price reaction and the increase in trade volume is concentrated in the first 5 seconds after an news article is released. === Algorithmic order execution === The objective of algorithmic order execution, which is part of the concept of algorithmic trading, is to reduce trading costs by optimizing on the timing of a given order. It is widely used by hedge funds, pension funds, mutual funds, and other institutional traders to divide up large trades into several smaller trades to manage market impact, opportunity cost, and risk more effectively. The example below shows how news analysis can be applied in the algorithmic order execution space with the purpose to arrive at more efficient algorithmic trading systems. Example 1 Scenario: A large order needs to be placed in the market for the stock on Company X {\displaystyle X} . Action: Scale the daily volume distribution for Company X {\displaystyle X} applied in the algorithmic trading system, thus taking into account the news sentiment score for volume. This is followed by the creation of the desired trading distribution forcing greater market participation during the periods of the day when volume is expected to be heaviest. == Effects == Being able to express news stories as numbers permits the manipulation of everyday information in a statistical way that allows computers not only to make decisions once made only by humans, but to do so more efficiently. Since market participants are always looking for an edge, the speed of computer connections and the delivery of news analysis, measured in milliseconds, have become essential.
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OpenSMILE

openSMILE is source-available software for automatic extraction of features from audio signals and for classification of speech and music signals. "SMILE" stands for "Speech & Music Interpretation by Large-space Extraction". The software is mainly applied in the area of automatic emotion recognition and is widely used in the affective computing research community. The openSMILE project exists since 2008 and is maintained by the German company audEERING GmbH since 2013. openSMILE is provided free of charge for research purposes and personal use under a source-available license. For commercial use of the tool, the company audEERING offers custom license options. == Application Areas == openSMILE is used for academic research as well as for commercial applications in order to automatically analyze speech and music signals in real-time. In contrast to automatic speech recognition which extracts the spoken content out of a speech signal, openSMILE is capable of recognizing the characteristics of a given speech or music segment. Examples for such characteristics encoded in human speech are a speaker's emotion, age, gender, and personality, as well as speaker states like depression, intoxication, or vocal pathological disorders. The software further includes music classification technology for automatic music mood detection and recognition of chorus segments, key, chords, tempo, meter, dance-style, and genre. The openSMILE toolkit serves as benchmark in manifold research competitions such as Interspeech ComParE, AVEC, MediaEval, and EmotiW. == History == The openSMILE project was started in 2008 by Florian Eyben, Martin Wöllmer, and Björn Schuller at the Technical University of Munich within the European Union research project SEMAINE. The goal of the SEMAINE project was to develop a virtual agent with emotional and social intelligence. In this system, openSMILE was applied for real-time analysis of speech and emotion. The final SEMAINE software release is based on openSMILE version 1.0.1. In 2009, the emotion recognition toolkit (openEAR) was published based on openSMILE. "EAR" stands for "Emotion and Affect Recognition". In 2010, openSMILE version 1.0.1 was published and was introduced and awarded at the ACM Multimedia Open-Source Software Challenge. Between 2011 and 2013, the technology of openSMILE was extended and improved by Florian Eyben and Felix Weninger in the context of their doctoral thesis at the Technical University of Munich. The software was also applied for the project ASC-Inclusion, which was funded by the European Union. For this project, the software was extended by Erik Marchi in order to teach emotional expression to autistic children, based on automatic emotion recognition and visualization. In 2013, the company audEERING acquired the rights to the code-base from the Technical University of Munich and version 2.0 was published under a source-available research license. Until 2016, openSMILE was downloaded more than 50,000 times worldwide and has established itself as a standard toolkit for emotion recognition. == Awards == openSMILE was awarded in 2010 in the context of the ACM Multimedia Open Source Competition. The software tool is applied in numerous scientific publications on automatic emotion recognition. openSMILE and its extension openEAR have been cited in more than 1000 scientific publications until today.
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Pointer algorithm

In computer science, a pointer algorithm (sometimes called a pointer machine, or a reference machine; see the article Pointer machine for a close but non-identical concept) is a type of algorithm that manages a linked data structure. This concept is used as a model for lower-bound proofs and specific restrictions on the linked data structure and on the algorithm's access to the structure vary. This model has been used extensively with problems related to the disjoint-set data structure. Thus, Tarjan and La Poutré used this model to prove lower bounds on the amortized complexity of a disjoint-set data structure (La Poutré also addressed the interval split-find problem). Blum used this model to prove a lower bound on the single operation worst-case time of disjoint set data structure. Blum and Rochow proved a worst-case lower bound for the interval union-find problem. == Example == In Tarjan's lower bound for the disjoint set union problem, the assumptions on the algorithm are: The algorithm maintains a linked structure of nodes. Each element of the problem is associated with a node. Each set is represented by a node. The nodes of each set constitute a distinct connected component in the structure (this property is called separability). The find operation is performed by following links from the element node to the set node. Under these assumptions, the lower bound of Ω ( m α ( m , n ) ) {\displaystyle \Omega (m\alpha (m,n))} on the cost of a sequence of m operations is proven.
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Hybrid algorithm

A hybrid algorithm is an algorithm that combines two or more other algorithms that solve the same problem, either choosing one based on some characteristic of the data, or switching between them over the course of the algorithm. This is generally done to combine desired features of each, so that the overall algorithm is better than the individual components. "Hybrid algorithm" does not refer to simply combining multiple algorithms to solve a different problem – many algorithms can be considered as combinations of simpler pieces – but only to combining algorithms that solve the same problem, but differ in other characteristics, notably performance. == Examples == In computer science, hybrid algorithms are very common in optimized real-world implementations of recursive algorithms, particularly implementations of divide-and-conquer or decrease-and-conquer algorithms, where the size of the data decreases as one moves deeper in the recursion. In this case, one algorithm is used for the overall approach (on large data), but deep in the recursion, it switches to a different algorithm, which is more efficient on small data. A common example is in sorting algorithms, where the insertion sort, which is inefficient on large data, but very efficient on small data (say, five to ten elements), is used as the final step, after primarily applying another algorithm, such as merge sort or quicksort. Merge sort and quicksort are asymptotically optimal on large data, but the overhead becomes significant if applying them to small data, hence the use of a different algorithm at the end of the recursion. A highly optimized hybrid sorting algorithm is Timsort, which combines merge sort, insertion sort, together with additional logic (including binary search) in the merging logic. A general procedure for a simple hybrid recursive algorithm is short-circuiting the base case, also known as arm's-length recursion. In this case whether the next step will result in the base case is checked before the function call, avoiding an unnecessary function call. For example, in a tree, rather than recursing to a child node and then checking if it is null, checking null before recursing. This is useful for efficiency when the algorithm usually encounters the base case many times, as in many tree algorithms, but is otherwise considered poor style, particularly in academia, due to the added complexity. Another example of hybrid algorithms for performance reasons are introsort and introselect, which combine one algorithm for fast average performance, falling back on another algorithm to ensure (asymptotically) optimal worst-case performance. Introsort begins with a quicksort, but switches to a heap sort if quicksort is not progressing well; analogously introselect begins with quickselect, but switches to median of medians if quickselect is not progressing well. Centralized distributed algorithms can often be considered as hybrid algorithms, consisting of an individual algorithm (run on each distributed processor), and a combining algorithm (run on a centralized distributor) – these correspond respectively to running the entire algorithm on one processor, or running the entire computation on the distributor, combining trivial results (a one-element data set from each processor). A basic example of these algorithms are distribution sorts, particularly used for external sorting, which divide the data into separate subsets, sort the subsets, and then combine the subsets into totally sorted data; examples include bucket sort and flashsort. However, in general distributed algorithms need not be hybrid algorithms, as individual algorithms or combining or communication algorithms may be solving different problems. For example, in models such as MapReduce, the Map and Reduce step solve different problems, and are combined to solve a different, third problem.
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Pulse-coupled networks

Pulse-coupled networks or pulse-coupled neural networks (PCNNs) are neural models proposed by modeling a cat's visual cortex, and developed for high-performance biomimetic image processing. In 1989, Eckhorn introduced a neural model to emulate the mechanism of cat's visual cortex. The Eckhorn model provided a simple and effective tool for studying small mammal’s visual cortex, and was soon recognized as having significant application potential in image processing. In 1994, Johnson adapted the Eckhorn model to an image processing algorithm, calling this algorithm a pulse-coupled neural network. The basic property of the Eckhorn's linking-field model (LFM) is the coupling term. LFM is a modulation of the primary input by a biased offset factor driven by the linking input. These drive a threshold variable that decays from an initial high value. When the threshold drops below zero it is reset to a high value and the process starts over. This is different than the standard integrate-and-fire neural model, which accumulates the input until it passes an upper limit and effectively "shorts out" to cause the pulse. LFM uses this difference to sustain pulse bursts, something the standard model does not do on a single neuron level. It is valuable to understand, however, that a detailed analysis of the standard model must include a shunting term, due to the floating voltages level in the dendritic compartment(s), and in turn this causes an elegant multiple modulation effect that enables a true higher-order network (HON). A PCNN is a two-dimensional neural network. Each neuron in the network corresponds to one pixel in an input image, receiving its corresponding pixel's color information (e.g. intensity) as an external stimulus. Each neuron also connects with its neighboring neurons, receiving local stimuli from them. The external and local stimuli are combined in an internal activation system, which accumulates the stimuli until it exceeds a dynamic threshold, resulting in a pulse output. Through iterative computation, PCNN neurons produce temporal series of pulse outputs. The temporal series of pulse outputs contain information of input images and can be used for various image processing applications, such as image segmentation and feature generation. Compared with conventional image processing means, PCNNs have several significant merits, including robustness against noise, independence of geometric variations in input patterns, capability of bridging minor intensity variations in input patterns, etc. A simplified PCNN called a spiking cortical model was developed in 2009. == Applications == PCNNs are useful for image processing, as discussed in a book by Thomas Lindblad and Jason M. Kinser. PCNNs have been used in a variety of image processing applications, including: image segmentation, pattern recognition, feature generation, face extraction, motion detection, region growing, image denoising and image enhancement Multidimensional pulse image processing of chemical structure data using PCNN has been discussed by Kinser, et al. They have also been applied to an all pairs shortest path problem.
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Operational system

An operational system is a term used in data warehousing to refer to a system that is used to process the day-to-day transactions of an organization. These systems are designed in a manner that processing of day-to-day transactions is performed efficiently and the integrity of the transactional data is preserved. == Synonyms == Sometimes operational systems are referred to as operational databases, transaction processing systems, or online transaction processing systems (OLTP). However, the use of the last two terms as synonyms may be confusing, because operational systems can be batch processing systems as well. Any enterprise must necessarily maintain a lot of data about its operation.
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Operational data store

An operational data store (ODS) is used for operational reporting and as a source of data for the enterprise data warehouse (EDW). It is a complementary element to an EDW in a decision support environment, and is used for operational reporting, controls, and decision making, as opposed to the EDW, which is used for tactical and strategic decision support. An ODS is a database designed to integrate data from multiple sources for additional operations on the data, for reporting, controls and operational decision support. Unlike a production master data store, the data is not passed back to operational systems. It may be passed for further operations and to the data warehouse for reporting. An ODS should not be confused with an enterprise data hub (EDH). An operational data store will take transactional data from one or more production systems and loosely integrate it, in some respects it is still subject oriented, integrated and time variant, but without the volatility constraints. This integration is mainly achieved through the use of EDW structures and content. An ODS is not an intrinsic part of an EDH solution, although an EDH may be used to subsume some of the processing performed by an ODS and the EDW. An EDH is a broker of data. An ODS is certainly not. Because the data originates from multiple sources, the integration often involves cleaning, resolving redundancy and checking against business rules for integrity. An ODS is usually designed to contain low-level or atomic (indivisible) data (such as transactions and prices) with limited history that is captured "real time" or "near real time" as opposed to the much greater volumes of data stored in the data warehouse generally on a less-frequent basis. == General use == The general purpose of an ODS is to integrate data from disparate source systems in a single structure, using data integration technologies like data virtualization, data federation, or extract, transform, and load (ETL). This will allow operational access to the data for operational reporting, master data or reference data management. An ODS is not a replacement or substitute for a data warehouse or for a data hub but in turn could become a source.
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