Whats the difference between relevance, confidence and score? (from TRIT Webinar Feb 8)

Whats the difference between relevance, confidence and score?
Best Answer
-
Using news as an example, Relevance: How relevant is a company to the news story. A news story can mention sometimes 5 to 10 companies. But mostly the News story is about one or two companies. Those main companies will get high relevance score (80%).
In some cases there are market coverage stories where many companies are mentioned, each company has some coverage in a single paragraph. The story is not about a particular company, but each paragraph has some valuable info on a company. In this case relevance of 50% will be given to companies.
Relevance 20% is low - i.e. the company is mentioned but with minimal importance to the story - the story is not about this company in particular.
Relevance score can be 0% (for example Reuters is mentioned in a News story because it is the News provider. But the story has nothing to do with Thomson Reuters. Same with Rating agencies that are quoted providing rating score. Same with Social Media companies like Facebook when mentioned “share on facebook” – the story has nothing to do with Facebook).
“Continuous relevance” is a more granular version of the relevance score (more granular than 0, 20, 50, 80%).
Confidence: How confident Intelligent Tagging is that, the actual entity is of the correct type
Score: This is the confidence in matching to the Organization Authority (OA). Intelligent Tagging tries to find a company name in OA . The higher the Score, the higher the probability that Intelligent Tagging matched the correct company record and found the correct PermID for that company.
This question was first
asked in How to Enhance Your Search Platforms webinar (8th of Feb). Please see here: How to Enhance Your Search Platforms0
Categories
- All Categories
- 3 Polls
- 6 AHS
- 37 Alpha
- 166 App Studio
- 6 Block Chain
- 4 Bot Platform
- 18 Connected Risk APIs
- 47 Data Fusion
- 34 Data Model Discovery
- 697 Datastream
- 1.5K DSS
- 632 Eikon COM
- 5.2K Eikon Data APIs
- 13 Electronic Trading
- 1 Generic FIX
- 7 Local Bank Node API
- 5 Trading API
- 2.9K Elektron
- 1.4K EMA
- 256 ETA
- 563 WebSocket API
- 39 FX Venues
- 15 FX Market Data
- 1 FX Post Trade
- 1 FX Trading - Matching
- 12 FX Trading – RFQ Maker
- 5 Intelligent Tagging
- 2 Legal One
- 25 Messenger Bot
- 3 Messenger Side by Side
- 9 ONESOURCE
- 7 Indirect Tax
- 60 Open Calais
- 283 Open PermID
- 47 Entity Search
- 2 Org ID
- 1 PAM
- PAM - Logging
- 6 Product Insight
- Project Tracking
- ProView
- ProView Internal
- 23 RDMS
- 2K Refinitiv Data Platform
- 755 Refinitiv Data Platform Libraries
- 4 LSEG Due Diligence
- LSEG Due Diligence Portal API
- 4 Refinitiv Due Dilligence Centre
- Rose's Space
- 1.2K Screening
- 18 Qual-ID API
- 13 Screening Deployed
- 23 Screening Online
- 12 World-Check Customer Risk Screener
- 1K World-Check One
- 46 World-Check One Zero Footprint
- 45 Side by Side Integration API
- 2 Test Space
- 3 Thomson One Smart
- 10 TR Knowledge Graph
- 151 Transactions
- 143 REDI API
- 1.8K TREP APIs
- 4 CAT
- 27 DACS Station
- 122 Open DACS
- 1.1K RFA
- 107 UPA
- 194 TREP Infrastructure
- 229 TRKD
- 918 TRTH
- 5 Velocity Analytics
- 9 Wealth Management Web Services
- 97 Workspace SDK
- 11 Element Framework
- 5 Grid
- 19 World-Check Data File
- 1 Yield Book Analytics
- 48 中文论坛