2. WHAT IS KENSHO?
KENSHO IS A DATA ANALYTICS AND MACHINE INTELLIGENCE COMPANY Kensho deploys pioneering real-time statistical computing, scalable machine intelligence and analytics systems across the most critical government and commercial institutions in the world
Combining massively-parallel statistical computing with natural language inputs, big data and machine learning with user-friendly visual interfaces–and recent breakthroughs in unstructured data engineering–Kensho is the next-generation analytics and knowledge platform.
Kensho addresses the most significant challenge on Wall Street today—achieving speed, scale, and automation of previously human-intensive knowledge work.

3. ABOUT KENSHO INVESTORS

4. ABOUT KENSHO OUR OPPORTUNITY
Automating and Scaling Knowledge Work
“How do political developments in the US affect the exchange rate with the Mexican Peso?”
“How do changes in the prospect of Brexit affect the British Pound Sterling?”
“Which sectors perform best and worst when both the S&P500 and the US 10-year yield are gaining?”
“What happens to energy assets when there are OPEC production cuts?”

5. ABOUT KENSHO THE CONSEQUENCES
Easier said than done...
Data
Data challenges: obtaining, cleaning, curating, creating, data formats…
Beyond data, relationships matter: Knowledge Graph
Usefulness
Making insightful use of data easy: informative and relevant visualizations
Information should be rich, valuable, even expensive, but not costly

6. We love complexity, but it doesn’t love us back
One would think more data would make us more disciplined or precise...

7. We love complexity, but it doesn’t love us back
One would think more data would make us more disciplined or precise.
And yet we continue to be equally prone to error, false optimism, willful risk-taking, and the list goes on…
Owing to unconscious bias, we cannot make consistently good decisions.
What if we could test our assumptions better?

8. A QUICK EXAMPLE “LOWER FOR LONGER”
Fall 2015:
Low oil prices, down over 50%
Countries dependent on oil assumed to struggle
Among those countries, some had already “absorbed” a decline in their exchange rate with USD
Suggested trade:
Long MXN (Mexican Peso) RUB (Russian Ruble)
lower oil “priced in”
Short ZAR (South African Rand) CLP (Chilean Peso) 

9. A QUICK EXAMPLE “LOWER FOR LONGER”
Kensho query:
“Over the past 20 years, in the quarter after the WTI Oil benchmark crosses below $38/barrel, how do these currencies perform?”

10. A QUICK EXAMPLE “LOWER FOR LONGER”
Kensho query:
“Over the past 20 years, in the quarter after the WTI Oil benchmark crosses below $38/barrel, how do these currencies perform?”
Kensho results (< 1 minute)
On average, RUB and MXN lose against USD, while both CLP and ZAR gain. Investors would lose on both long and short positions.

11. A QUICK EXAMPLE ON CLOSER INSPECTION...
What would you need to believe?
(Caveat: of course, averages aren’t everything)
Only recent currency movements suggested effects were “priced in”; broader context less so.
Of the four rates, only one, USD-RUB, had a strong correlation with oil; others significantly less so.
In a few minutes, a non-expert using Kensho can identify where a group of experts has allowed the recent behavior of a single asset to weigh disproportionately on their analysis, and where the broader historical performance does not support the expert forecast.

12. Patrick Wood, Head of Academic Research
Q & A
Patrick Wood, Head of Academic Research