How can we enable lean experimentation in partnership with customers, startups and academia to solve the most pressing challenges facing the marketplace today?
This question is top-of-mind for us. The opening of our newest Thomson Reuters Labs™ location in London marks the latest step in our strategy to engage with vibrant innovation ecosystems and our customers around the world.
On July 11, more than 90 key customers, heads of tech startups and members of academia joined our leaders to officially open the lab, which joins our growing global network of locations in Boston, Waterloo, Zurich and later this year in Cape Town. Each lab enables us to partner with a new community of innovators around the world, expanding our ability to draw from a pool of diverse expertise and skills.
“Today is a celebration of working with industry and academic partners, as well as our customers, to truly push the boundaries of technology, information and how we can explore,” said David Craig, president, Financial & Risk, in the launch event’s opening remarks. “Thomson Reuters Labs – London demonstrates how we’re looking to the future and the incredible power that information provides us.”
Live demos show proof of concepts in action
During the event we didn’t just talk to customers and partners about innovation that we might do, we showed them what we’ve already done! Nine different demo stations highlighted projects across the product development cycle – from experiments and proof-of-concept demos to solutions already on the market. Here are just a few:
- Election Simulation and the White House Run app pinpointed how to clean and make use of massive amounts of survey data. (If you’re in the area, you can learn more about the project at Make Data Work this September in New York.)
- One of our startup partners showed how they used our PermID plugin.
- We showcased App Studio – our tool for creating bespoke capabilities in Eikon.
The demos showed how Thomson Reuters Labs are enabling innovation in novel ways.
“Our labs bring people and technology together to provide exciting solutions and drive faster innovation on our platforms, as we respond to change and opportunity in the financial services and other industries.”
– Mark Rodrigues, global managing director, Strategic Customers & Solutions Group
Collaboration is central to what we do
Thomson Reuters Labs are set up, very deliberately, to be focused on collaboration with external parties. At each lab location we work with startups and universities because we believe that and our customers benefit from us working with the innovation ecosystems around the world.
In London we’re lucky to have strong partnerships already with the Data Science Institute at Imperial College London. Connection to the university, consistently ranked in the global top 10, creates meaningful opportunities for collaborative research, data visualization, student innovation and startup initiatives.
“Our global Labs network allows us to connect our best-in-class content sets and deep industry expertise with innovation communities around the world, and now in London,” said Mona Vernon, vice president, Thomson Reuters Labs. “Working with world-renowned universities such as Imperial College as well as startups ensures that we engage with cutting-edge innovators and academic research to benefit our clients.”
Visit Innovation @ ThomsonReuters.com to learn more about how we are pairing technology with human expertise at Thomson Reuters Labs™.