dRisk
When dRisk’s founder conceived a way to streamline the analysis of 10K and 10Q stock reports, they didn’t foresee that their own insights would be the product to gain significant market traction. dRisk’s primary objective was to simplify the stock filing review process, making it easier for stock analysts to access information. The result was the creation of “Flash Reports” that attracted attention and engagement on social media.
Initial Timeline
6 months
Engagement
Fixed Fee
Services
Tech Consultancy
Custom Web App Development
Product Management
Technology
Machine Learning
Django Python(BE)
ReactJS(FE)
Web Scraping
The Challenge.
Back-end Modeling to Front-end Design
dRisk needed a comprehensive custom software model that could combine proprietary risk assessments, sentiment analysis, and a differentiation checker for stock filings. This model also required a user-friendly, custom web app interface to make the results practical for end users.
Our Strategy.
Troon engaged in every phase of this product’s lifecycle, from ideation to execution. With substantial expertise in Machine Learning and custom web app development, Troon played a pivotal role in shaping every aspect of the model. The project was initiated with a Minimum Viable Product (MVP) to prove or disprove the model’s assumptions, employing Machine Learning (ML) techniques for thorough evaluation. The back end (BE) also employed web scraping, while the front end (FE) focused on UI and UX.
Upon the model’s successful operation, Troon consulted with the client and subsequently crafted a user-friendly custom web application with a focus on UI and UX design. This meticulously developed application efficiently delivered real-time stock data to analysts and investors.
The Flash Report.
Even with achieving an impressive accuracy rate in stock evaluation, the model had untapped potential. The innovative mind behind this project introduced “Flash Reports” on social media, concentrating on specific stock dynamics. The expanding and engaged audience revealed the market affinity for these reports.
Final Design.
Conclusion
dRisk began as a concept that turned into much more. The potential housed within the custom solution offers opportunities for both the visionary leader and users well into the future to gain quicker, more accurate, and more effective insights into the stock market.
