Press Releases
Advan Research releases AlphaLoc: AI-powered revenue forecasts with 98% accuracy
New York, June 5 2018

Advan Research Corporation, the leading geolocation data provider for the financial industry, released AlphaLoc™, its Machine Learning algorithm-driven revenue forecasts. The AlphaLoc Out Of Sample results improve mean analyst revenue expectations 70% of the time in the past 4 quarters, while its median forecasting error is 2%.

AlphaLoc is available in the Advan Dashboard (GUI), in the Advan Excel® function, and in daily data feeds.

"We are excited to round up our product suite with a truly turn-key tool for the financial analysts and portfolio managers, where with a single-click they can get market-beating forecasts. Combined with our coverage of 1,700 tickers and custom-location analytics, this truly demonstrates the power and breadth of geolocation data," said Yiannis Tsiounis, Ph.D., Advan's founder and CEO.

AlphaLoc was made possible with the help of George Zavaliagkos, Ph.D., an expert in speech recognition and machine learning, who has supervised Amazon Alexa©'s cloud Machine Learning models and was the founder of Parametros Trading, a High Frequency Trading company.

"This new era of Alternative Data stands to benefit significantly from the application of proven Machine Learning techniques, as they help materialize the intuition that analytics companies like Advan have already amassed about the underlying data and its intricacies," said George. "We have seen material and consistent improvements over rule-based and simple regression methods and are working to add Advan's cross-traffic and demographic features in future models to further improve the performance".

Advan Research adds Dwell Times, Employee counts for 1,390 ticker
New York, March 22 2018

Advan Research Corporation, the leading geolocation data provider for the financial industry, announces version 11 of its data, which computes Dwell Times and Employee Counts using a much more accurate methodology. This version also adds 120 tickers (145 including subsidiaries) for a total of 1,390 tickers (1,762, including subsidiaries) and over 1,600,000 physical locations.

"In this latest version we focused on more detailed metrics such as accurate dwell times and employee counts, which are used by our customers to forecast various financial KPIs," said Yiannis Tsiounis, Ph.D., Advan's founder and CEO. "We also took the opportunity to add coverage for 145 companies, all of which are accessible in our dashboard, our Excel® function, and as raw data".

Advan Research covers 1,261 tickers
New York, December 6 2017

Advan Research Corporation, the leading geolocation data provider for the financial industry, announces version 10 of its data, which adds 867 tickers (926 including subsidiaries) bringing its total coverage to 1,261 tickers (1,622, including subsidiaries) and over 1,500,000 physical locations.

"Consistent with Advan’s history of providing higher coverage than any other geolocation data provider, as well as most other alternative data providers, we are excited to triple our coverage in our latest version" said Yiannis Tsiounis, Ph.D., Advan’s CEO. "Our customers have been taking advantage of our coverage increases to expand the tradeable universe utilizing foot traffic counts, with a direct impact to their bottom line."

Advan Research appoints Grigorios Reppas as its Chief Operating Officer
New York, September 20 2017

Advan Research Corporation, the leading geolocation data provider for the financial industry, has appointed Grigorios Reppas as its COO.

Reppas joins Advan from MarketAxess, an electronic trading platform for fixed income products, where he was the Global Head of Hedge Fund Sales and CDS product manager, from 2010-2017. He will report to Yiannis Tsiounis, Ph.D., founder and CEO of Advan.

"I am excited for the opportunity to be in the forefront of actionable location-derived data, one of the newest and most innovative sources of alpha in the financial space, with a team and leadership that I know intimately from our time in Moody's and BQuotes," said Grigorios.

In his new role Grigorios will primarily focus on streamlining and expanding the current data offerings, from the maintenance of entities covered and geofencing operations, to the financial research. He will also assist on the firm's business development and sales departments.

"I am very pleased to be working with Grigorios again after our tenure more than a decade ago at BQuotes," said Yiannis. "Grigorios' unique experience in the financial technology industry, along with his energy and enthusiasm will help Advan continue to deliver innovative products in the rapidly growing geolocation research market."

About Advan

Advan is the leader in the Big Data geolocation space, enabling participants in the financial industry to analyze foot traffic data across multiple sectors, including consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.

Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan's products.