Knowledge Effect Stories

What is the Knowledge Effect?

We believe in a principle that says through knowledge, businesses and professionals everywhere can steer the course of events. Grow economies. Promote justice. Even save lives. Over 20 million professionals rely on the intelligent information we provide to help them spark ideas and actions that positively affect millions more. In business. In government. In the world in which we live. Because the right information in the right hands leads to amazing things. That’s the Knowledge Effect.

Thomson Reuters Aurora stars in Nov 4 ESPN sailing program

Sailors and sports fans should stay near the television set on Friday evening, Nov 4, when the Thomson-Reuters sponsored 66-foot ocean racer  Aurora will be featured in one of  three ESPN sailing programs produced by sailing legend Gary Jobson, a regular on Aurora as helmsman and tactician. 

Aurora, Marblehead-Halifax Race

Whether you are a yacht racer, a cruising sailor or recreate on a Sunfish,  you will enjoy exciting footage from Aurora’s 2011 season of racing in the Atlantic Ocean off the east coast of the United States and Canada.  Thanks to the seamanship and dedication of a mostly non-professional crew,  the Aurora sailing program collected numerous trophies this year, radiated good karma and sportsmanship, and established Thomson Reuters as a premier sponsor of world class sailing events. New Thomson Reuters ads featuring the stunning Aurora under sail will also be aired for the first time during the three-hours of prime-time sailing on ESPN Classic, which  starts at 7 p.m. EDT (2300 GMT.)  The programing details:

ESPN Classic, Friday Nov. 4:

7:00pm Best of One Design Racing

8:00pm New York Yacht Club World Invitational Cup

9:00pm Racing for an Ocean Record (this is the show on Aurora)

– Alden Bentley 

 

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Vision for 2011 and Beyond: Content Marketplace

Actionable information must be well described, highly organized, seamlessly commingled, and easily navigable. A new initiative we’ve launched to achieve this is Content Marketplace,  our new strategy to leverage our deep and broad content assets and create enabling technology and capabilities, as well as a common language of content across the company.

As Peter Marney, senior vice president of the Content Marketplace Group describes it, “Content Marketplace is founded on the firm view that our customers use not only the content we manage, but also content found on the web, that provided by third parties, customer proprietary data, and Content Marketplace is our solution for how we will bring all four sectors of content together in a seamless, interoperable way.”

Hear more from Peter Marney here and learn more in our 2010 Annual Report.

Vision for 2011 and Beyond: Atlas

We are constantly exploring new ways to leverage and combine assets across our businesses to meet our customers’ needs. One of the new initiatives that we’re excited about is Atlas. Atlas is about ongoing, real-time scoring of relationships that can be applied to solve business challenges across the whole company.

“Atlas aims to leverage all of the untapped information that Thomson Reuters has in unstructured content,” explains Mars Olaf-Ors. “You know, all of these documents that mention a lot of people, a lot of companies, a lot of places, and a lot of, you know, stuff.”

Hear more from Mars and learn more about this new initiative and others in our 2010 Annual Report.

WestlawNext: A “You-centric” Legal Search System

In 2010, we launched new product platforms that embody The Knowledge Effect by giving our customers richer and more relevant information, delivered faster, along with more powerful tools, accessed through more intuitive and adaptable interfaces. One of those tools is WestlawNext. See more about our “Year of Delivery” in our 2010 Annual Report.

Introducing The Knowledge Effect

At Thomson Reuters we believe that the right information in the right hands leads to amazing things. We call this “The Knowledge Effect,”  a process that thrives on participation. That’s why we’re very excited to launch this new Knowledge Effect community blog – a new forum for you, our customers and colleagues, to engage in a valuable exchange of ideas, insights, resources and experiences.

Check out our growing series of Knowledge Effect Stories, and please share your story. How have your most crucial business decisions benefited from having access to the right information at the right time? What amazing things have you and your organization accomplished as a result?

Location, Location, Location – and Tax Laws

From a sneaker manufacturer to a technology firm, growing the business often means expanding the business. How do companies decide where to go? Which state will be most favorable?

Often, it comes down to taxes.

While that seems simple, it couldn’t be more complex. Which is why so many tax advisors rely on Checkpoint® from Thomson Reuters — to research and easily compare tax laws.

One tax-friendly state could save a company millions more than another.

With tax codes changing and new tax laws being introduced all the time, it’s hard for tax managers to keep up. That’s why our analysts are scanning legislation and updating Checkpoint immediately.

Another issue: Each state has its own lexicon. Take enterprise zones, for example. What Pennsylvania calls a “Keystone Opportunity Zone,” Michigan calls a “Renaissance Zone.” Same thing, different name, further complicating a tax manager’s job.

With sophisticated, cutting edge technology coupled with industry experts examining the language, Checkpoint can actually recognize the difference. And with one click, the tax professionals we partner with have the comparative information they need — so they can determine which states are most tax effective.

That can help get companies moving. And growing.

The most powerful tax system for streamlined research. Proof that the right information in the right hands leads to amazing things. That’s the Knowledge Effect.

Discover Checkpoint.

Forecasting the Weather to Predict the Markets

When a powerful gust of wind is expected to blow across northern Germany, it will actually be felt throughout Europe’s power markets, sending prices plummeting.

The question is: How low?

With the supply of wind and solar energy increasing globally, traders are increasingly turning to Thomson Reuters to determine how the markets will react.

To calculate a wind gust not just in miles per hour. But dollars and Euros.

With our sophisticated price predictive models, in-depth knowledge of power, gas and CO2 emissions, we can forecast what, for instance, a stretch of unseasonably warm winter temperatures on the Eastern Seaboard will do to natural gas prices across the nation.

As soon as we forecast it, the financial professionals we partner with are acting on it, using the information to drive their businesses, investments and trading strategies.

Anticipating how weather will impact market behavior. Proof that the right information in the right hands leads to amazing things. That’s the Knowledge Effect.

Discover Thomson Reuters Commodities.

A World of Ideas Working Together to Help the Planet

Every day, the world’s most brilliant minds are coming up with the most amazing ideas. Problem is, how do we bring these ideas together so that the world can benefit from them?

With Web of Science®, from Thomson Reuters.

More than a think tank, Web of Science is a living, breathing, growing hive of discovery, one where the science professionals we partner with can discover new findings to create tomorrow’s breakthroughs.

With unparalleled access to journals, studies and each other’s work, over 20 million professionals use it to find hidden patterns, gain insights faster and connect with each other.

Which can lead to some pretty amazing things.

University of Essex professor Dr. Huosheng Hu had a radical idea: data-gathering robotic fish that can measure pollution levels in the world’s bodies of water.

By tapping into Web of Science, he leveraged the robotics work of other experts. Pathways from 40 million records pointed him to a single groundbreaking discovery about particle sensors: just what Dr. Hu needed to build his robot fish and turn his idea into reality.

The result? An engineering marvel.

These artificially-intelligent, self-sustaining fish will one day swim the world’s oceans, transmitting the data they collect via wireless internet signal to an on-shore control center.

That will help marine scientists identify oil spills, contaminants and other abnormalities. And one of the most important ecosystems can remain as healthy, vibrant, and alive as nature intended it to be.

Connecting leading researchers to spark more world-changing breakthroughs. Proof that the right information in the right hands leads to amazing things. That’s the Knowledge Effect.

Discover Web of Science.