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.