Gathering thousands of news sources from the web in person is a critical task these days. Therefore to look ahead for the latest trends in the market, perform news data analysis, or get valuable insights, a news API is a must for your organization.
Let’s review some of the examples to understand how organizations globally make use of a news API:
1. Financial Analysis
Financial institutions are crawling on news API to obtain prime, substitute news data, to provide data-driven policies for customers to invest in their concerned organizations. One such example is of a fintech company dealing in large data gathering and AI. The company accessed Webhose’s sets of comprehensive news data coverage to analyze the effect of sentiment and emotions on stocks globally at the time of the spike of the Covid-19. Hence it’s predictive modeling that needs a large volume of the dataset.
2. AI & Machine learning
Artificial intelligence has already stepped into the future of the news data market. Experts gauge that AI software markets might rise to $37 billion 2025 due to the heavy acceptance of applications across various industries. With the massive demand of AI, machine learning & NLP are also keeping pace in augmenting the news API. DataRobot, an AI delivering software industry to grocery retail and healthcare services to customers. The company chose Webhose’s news API datasets to evolve from 90 diverse NLP and machine learning models to pick one from them that should have the most reached number. This method switched the monetization model to the standard clickbait model for the publishers.
3. Market Research
Today almost every organization and brand desires to obtain a news API that delivers high-quality, comprehensive news coverage, performs competitive analysis related to their industry, and constantly provides news data to research on latest market trends. The Brick Factory, a digital agency situated in Washington DC. The company opted for Webhose’s news API to gauge the efficacy of its marketing campaigns for clients. This method can help in setting complex queries and trace thousands of basic market trends that would cut cost, time, and resources that were before handled by data management.
4. Media and Web Monitoring
Digital media has a significant role in comprehending the voice of customers and your market competitors. Media and web monitoring organizations require a news API that provides high-end quality news coverage to customers. MeaningCloud is a text analytics software. The company chose Webhose’s datasets regarding Covid-19 to detect the latest market trends in online media. Another example is Simon Fraser University, where researchers differentiated Webhose’s news articles with fake news from the Russian Internet Research Agency to detect fake news that spots inaccurate information.
It’s not certain that all news APIs are developed in the same format. Often organizations do not require news API to analyze massive trends across online marketing. Rather your company might need a news API that has enriched news data.
Let’s find out why your organization might require a news API that should provide NLP-enriched data:
- Your organization is scaling data in a fast-paced environment yet you expect to put effort and resources into the product’s growth.
- You might want to augment your existing product or service hence to enter the market promptly.
- You may notice that most news APIs show limited query options, including data that may not be appropriate.
Try before you buy
Keeping all the above mentions in mind, visit our Newsdata.io website that has evolved as an enriched news API. We deliver news data that your organization can access in real-time for quality sources. You can also search for various news feeds according to your specific requirements with an advanced filtration method. Give a free news API trial for intelligent application based-processes, machine learning models & algorithms that mention structured news feeds. See you all next time!