Factiva vs. The Weather Company

Factiva is particularly useful when I work on securities litigations involving shareholder lawsuits -- i.e. shareholders who bought and sold shares during a specified class period when the company was misrepresenting, for example, its financials. Specifically Factiva is quite useful in helping me understand what company events were known by the market and when they were known. Factiva has also been useful in helping me on various research studies. It is less relevant for other types of litigation that I work on (i.e. Patent litigation, etc).

Incentivized

Well suited:

• Forecasting for severe weather events.
• Generating overall seasonal trends in upcoming weather patterns.
• Content is easy to read and understand.
• Great for business decision-makers, c-level executives.

Not well-suited:

• Year ahead forecasts.
• Data that can be trusted as finite days before a weather event. The data and forecasts can change often, so remaining up to date is key.

Incentivized

• Putting broad swaths of news in one place
• Organizing information
• Constant updates

Incentivized

• Detailed forecasts.
• Hyper-local forecasts.
• Daily updated local and meaningful forecast for our business.

Incentivized

• Lengthy setup for searches
• Repeated articles appear frequently
• Unannounced interface changes were unpleasant surprises

Incentivized

• Forecasts are not always accurate.
• Winter weather forecasts are now often now-casted which can be challenging for proactive planning.
• Would love to see more tips on how businesses can prepare for severe weather by the use of the Weather Company’s data.

Incentivized

Support for the Weather Company has not been an issue. The predictive analytics processes that they use allow them to remain a strong force in the world of weather patterns and forecasts. Brand recognition allows them to continue to grow and develop in a world that is not as crowded as other predictive analytics areas.

Incentivized

Each of the tools I have described share the same kind of premise: the main thing they do is source and collect media content. Then to varying degrees they run filters against this content and produce a range of data visualisations and ways of slicing the data and content. Factiva's strength lies more in the sourcing of content than in the manipulation of the results (much like the others do with more sophisticated dashboards and visual interpretations). We chose it because of the integrity of its sourcing breadth. It doesn't matter so much about the display of results because the source material you're working with isn't as dynamic as say social media.

Incentivized

Insightful meteorologists that both understands the science of weather and also understands our business needs.

Incentivized

• Plan ahead business support for our clients.
• Awareness of weather events, with enough time to pivot as needed.
• Determine the necessity of seasonal roles staffing needs based on seasonal forecasts.

Incentivized