Factiva Listens to its Customers
Jinfo Blog
23rd December 2014
By Andrew Grave
Abstract
Andrew Grave highlights the new Query Genius function, one of several enhancements to news aggregation service Factiva that he discovered during his recent product review. What makes this enhancement particularly noteworthy is that it is aimed at information professionals and not end users.
Item
2013 was a challenging year for Factiva. A bold attempt to bundle Factiva alongside other Dow Jones products under a single-platform, single-price approach called DJX failed as corporate clients started to spurn Factiva in favour of its competitors. Institutional revenues fell and instigator and CEO Lex Fenwick left the company in January 2014. He was replaced by interim and now permanent CEO William Lewis.
One positive to come from this situation has been a renewed focus on the company listening to its customers.
Listening to Customers
Over its 15-year history a lot of Factiva's efforts have been focused on evolving the product to meet the needs of the growing end user market whilst still serving the needs of information professionals.
Seasoned information professionals certainly appreciated that popular field tags (such as hlp for headline or lead paragraph) have continued unaltered but this functionality has looked out of kilter with the modern look the rest of the product possesses.
Key Enhancements
When conducting my review of Factiva I was very interested to see that the company has now turned some of its attention to the Search Builder interface, the key tool for information professionals.
The key enhancement here is a really useful function called Query Genius. It assists in several ways by:
- Displaying a list of field tags at appropriate times. The user can then select the term required from the list.
- Flagging up a warning if the search terms used are invalid.
- Deploys colour. It offers the option to toggle between a light or dark search background. With both backgrounds, the text and codes are also given a range of colours to clarify what is entered.
These enhancements can be seen in Figure 1.
Figure 1: Query Genius, with a dark background selected
Query Genius can be toggled on or off. In beta now, it will go live early 2015.
Factiva Back on Track
Query Genius was one of several improvements I found on my review of Factiva. During my review, I was also able to speak to Factiva's senior staff and to hear of their plans for the product both in terms of its functionality and its content.
Factiva has always been an important resource. It is reassuring to see it back on track and great to see it investing in functionality aimed at information professionals.
Comprehensive Review of Factiva Now Available
Read the full review of Factiva to see Andrew's in-depth insights into sources, technology and value.
This Blog Item is part of the FreePint Topic Series: News, and Beyond.
- Blog post title: Factiva Listens to its Customers
- Link to this page
- View printable version
- Product Review of Factiva (Value - Competitors, Development & Pricing)
Tuesday, 16th December 2014 - Product Review of Factiva (Technology - Outputs, Analytics, Alerts, Help)
Friday, 12th December 2014 - Product Review of Factiva (Technology - Search and User Interface)
Tuesday, 9th December 2014 - Product Review of Factiva (Sources - Content & Coverage)
Friday, 5th December 2014 - Product Review of Factiva (Introduction; Contact Details)
Tuesday, 2nd December 2014
- Product Review of Factiva
Wednesday, 17th December 2014
Discussing news and AI strategies with the Financial Times
Community session
21st November 2024
2025 strategic planning; evaluating research reports; The Financial Times, news and AI
Blog posting
5th November 2024
November 2024 Update
YouTube video
7th November 2024
- 2025 strategic planning; evaluating research reports; The Financial Times, news and AI
5th November 2024 - All recent Jinfo Subscription content
31st October 2024 - End-user training best practice research
24th October 2024
- Jinfo Community session (TBC) (Community) 12th December 2024
- Discussing news and AI strategies with the Financial Times (Community) 21st November 2024
- Asia-Pacific Community session (Community) 19th November 2024