AlphaSense vs Contify

Overview

AlphaSense

AlphaSense is a leading enterprise-grade market intelligence and AI search platform built for robust financial and market research. This platform is designed for research and business professionals looking to implement a comprehensive research strategy powered by automated features and proprietary AI technology.

Consistently ranked as an industry leader by TrustRadius and G2, AlphaSense was also recently named one of Fortune’s Top 50 AI Innovators.

Here’s how AlphaSense enables you to extract insights and answers from both high-value internal and external content with the power of artificial intelligence and generative AI — all on a single platform.

Extensive Out-of-the-Box Content Library

AlphaSense allows you to combine valuable internal content with 10,000+ private, public, premium, and proprietary external data sources into one platform.

Our external content sources include trade journals, news, regulatory documents, earnings transcripts, investor presentations and other company documents, and SEC and global filings. AlphaSense users also have access to two premium and proprietary content offerings. These are:

• Wall Street Insights®– A collection of broker research covering global sector themes, industries, and companies from 1,000+ sell-side and independent firms, available within the AlphaSense platform. Research professionals can even preview the contents of a broker report, saving them wasted time and money on potentially fruitless research.
• Expert Transcript Library– 185K+ proprietary one-on-one call transcripts with industry experts, competitors, customers, partners, and former and current executives, with the ability to conduct your own 1:1 expert calls for less.

As of July 2024, AlphaSense has acquired expert network company Tegus, bringing unparalleled access to even more insights, and covering more industries and companies than ever before. Learn more about the combined offering at AlphaSense and Tegus.

Enterprise Intelligence

In addition to the external content sources listed above, AlphaSense’s Enterprise Intelligence solution allows you to upload and search through your own internal content. That includes:

• Internal research, notes, and presentations
• CIMs and investment memos
• Reports from industry and market intelligence providers
• Emails, newsletters, web pages, and RSS feeds

In this way, AlphaSense centralizes all your knowledge in one place — the internal and external — and allows you to leverage our industry-leading search, summarization, and monitoring tools to enhance and accelerate your research.

Our genAI capabilities deliver instant, accurate, and secure summarizations with the ability to ask follow-up questions across both your proprietary internal content and hundreds of millions of premium external documents.

AI Search & Summarization Technology

Our industry-leading suite of AI tools is purpose-built to deliver business-grade insights:

Generative Search

Our generative AI chat experience transforms how users can extract insights from hundreds of millions of premium content sources. Generative Search is trained to think like an analyst, so it understands the market research intent behind your natural language queries. Whenever you search for information, Generative Search helps you get up to speed on a company or topic by instantly getting you the answers you need. You can dig deeper into topics by asking follow-up questions or choosing a suggested query. Each answer will always provide citations to the exact snippet of text from where the information was sourced.

Smart Summaries

This feature allows you to glean instant earnings insights(reducing time spent on research during earnings season), quickly capture company outlook and bull/bear cases from analyst research, and generate an expert-approved SWOT analysis straight from former competitors, partners, and employees. All Summaries provide you with citations to the exact snippets of text from where the summaries are sourced — combining high accuracy with easy verification.

Smart Synonyms™

This unique feature is proprietary to AlphaSense and has the ability to understand both the keyword and search intent behind any of your queries, factoring in search results that include variations in business language. For example, a search for “TAM” will also bring back results on “addressable market” and “market size.”

Relevancy Algorithm

AlphaSense’s advanced algorithm also eliminates noise (i.e., content with matching keywords but ultimately irrelevant to your specific search objective) and surfaces only the most relevant results based on market research workflows. This algorithm saves you precious time and energy, allowing you to get straight to analysis and other high-level tasks.

Sentiment Analysis

Sentiment Analysis, a natural language processing(NLP)-based feature, parses through content and identifies nuances in the tone and subjective meaning of text. It then uses color coding to help readers identify the document’s positive, negative, and neutral sentiments.

This technology assigns each search term a numerical sentiment change score to help users track any slight change in market sentiment over time. Users can take advantage of it to make better-informed investment decisions and improve risk management strategies.

Integration Capabilities

Customers can easily integrate content at enterprise scale through our Ingestion API or enterprise-grade connectors — like Microsoft 365/Sharepoint, Box, Google Drive, S3, and more.

Our integration capabilities allow for more streamlined collaboration with members across your organization and improve overall team productivity. Our proprietary AI technology allows you to search across all internal and external company content to find crucial insights, catching what other platforms miss in a secure and automated way.

AlphaSense also offers content processing and content management. Content processing allows company recognition within user documents, while content management features support custom tags, metadata and folder structures to better search through internal content.

Monitoring, Analysis, and Collaboration Tools

AlphaSense is designed to help users find insights faster. In order to do that, we offer a number of tools that extend beyond search and summarization to help users accelerate research tasks.

• Customizable dashboards create a centralized information hub for monitoring key companies and themes, while tailored alerts provide real-time updates.
• Powerful collaboration tools like Notebook+ and commenting featureshelp teams manage and share insights more effectively.
• Table Toolsallow you to move faster with spreadsheet-style visualizationsdirectly from company filings, so you can chain together, edit, and optimize tables for analysis.
• Image Searchallows you to discover insights buried in charts to quickly capture data without reading through pages of documents.
• Snippet Explorerallows you to effortlessly look at any topic or theme and all its historical mentions in a single view.
• Our Black-liningfeature allows you to automatically identify any QoQ changes in SEC filings.
• Automated Monitoringallows you to set up real-time alertsthat send instant updates on any relevant market movements, news, emerging trends, and competitor activities. We also generate snapshots of companies and topics regularly that keep you ahead of the curve with actionable insights.

AlphaSense Strengths

• Extensive content database that spans key market perspectives, including broker research, expert calls, company documents, news & regulatory sites
• Incorporates AI search technology, machine learning, and sentiment analysis
• Generative AI features like Generative Search and Smart Summaries for enhanced and streamlined workflow
• GenAI tools can be applied to integrated internal content
• Automated and customizable alerts
• All-in-one research platform
• User-friendly interface
• Internal note-taking, sharing and collaboration features
• Support for APIs and integrations
• Supports enterprise-level organizations and teams
• Enterprise-grade data production complying with global security standards: SOC2, ISO270001, FIPS 140-2, SAML 2.0
• Excellent customer support team, including 24/5 chat with product specialists, a Live Help button on the website, and regular live AlphaSense Education webinars

AlphaSense Weaknesses

• Visualization tools are limited at this time
• Collaboration tools are limited to users with AlphaSense licenses

Contify

Contify is an AI-powered market and competitive intelligence platform designed to help businesses track information on competitors, customers, and industry segments, as well as share actionable intelligence across their organizations.

Contify uses AI and NLP technologies to collect, curate, and analyze information from over 1 million public sources — including websites, news sources, press releases, regulatory documents, and more. Using this information, users can track competitor business expansions, thought leadership, new innovations, technology, and operational and legal challenges.

Contify is well-suited for enterprise organizations looking for competitive insights, but it’s limited in its functionality as an all-in-one market research solution. Since it does not provide access to any premium or proprietary content — such as broker research or expert calls — many users may feel the need to supplement with an additional platform to get a competitive edge.

Contify offers the following key features:

Newsfeed

Contify offers a centralized repository of competitive and market intelligence, sourced from public web data, as well as a search engine to help users find relevant sources. Users can filter their search by competitor, industry, topic of interest, and more to get the most relevant and useful results.

AI-Generated Insights

Contify uses AI to generate digestible insights from vast volumes of data. These insights are designed to be easily shared across teams to streamline workflows and facilitate collaboration.

Customizable Dashboards

Contify allows users to build dedicated dashboards for competitors, customers, partners, market segments, and topics of interest. The platform also helps with trend identification by providing a unified and granular view of all competitor activities to help users gain insight on other companies’ strategies. Contify also offers data visualization capabilities to help users better visualize insights from primary and secondary data.

Newsletters and Alerts

Users can set up automated alerts to be notified of updates regarding their competitors, customers, or topics of interest. Users can also use Contify to create personalized newsletters with their own commentary and insights on relevant updates. These newsletters can be easily disseminated to key stakeholders, and then Contify helps users analyze viewership and performance.

Integrations

Contify integrates with enterprise tools like Slack, MS Teams, SFDC, PowerBI, and API for custom integrations. Users can also collaborate and exchange knowledge using the News API, which enables teams and coworkers to collaborate more effectively and make better data-driven decisions.

Contify Pros:

• Uses artificial intelligence and natural language processing to collect and analyze data
• Well-suited for enterprise organizations
• Real-time updates and customizable alerts
• Provides a centralized platform for collaboration and knowledge sharing
• Offers a user-friendly interface with easy-to-use features
• Robust library of sources with intelligence on multiple functions, including regulations, innovations, M&A, industry themes, and patents
• Features smart translation feature for over 100+ languages
• Integrates with business tools for streamlined workflows

Contify Cons:

• Some users have reported issues with data accuracy and customization options
• Lacks access to broker research
• Lacks sentiment analysis
• No expert calls