How to Automate Supply Chain Risk Reports: A Guide for Developers
Do you use Python? If so, this guide will help you automate supply chain risk reports using AI Chat GPT and our News API.
Seeing as how the Internet is essentially one giant news source, adopting bespoke technology that delivers news could seem counterintuitive at first glance. Yet the problem facing organizations today is not lack of data, but lack of insights. And insights – financial, media, reputational, market, regulatory, and more – can only be derived at scale from structured data constantly harvested from reliable and updated sources.
This is why organizations worldwide are turning to advanced News APIs. These mission-critical APIs help meet the challenge of unstructured data head-on. How? By providing the coverage, latency, and quality of data that information-sensitive global enterprises require to effectively navigate the complexities of the modern business landscape.
News APIs are in use by multiple companies across multiple geographies and in multiple industries – too many to list comprehensively in this post. Here are a few key industries that rely heavily on this type of tech:
The plethora of news and content sites covering so many different domains means that organizations struggle to find a news API that can deliver the comprehensive coverage they need – including the ability to search articles in a range of different languages.
Many leading APIs still deliver news data in machine-unreadable formats – meaning their data can’t be easily digested and integrated into existing solutions. News data coverage isn’t always continuous either – often there is high latency for all sites. Alternately, primary news sites maybe crawled more frequently while smaller niche sites are only occasionally crawled – even if these niche sites are the most relevant.
Another challenge many organizations face is scale: when they want to scale, their News API just isn’t advanced enough to scale with them. Finally, many News APIs only include current data – with no historical data archive whatsoever, not to mention an archive reaching back more than 10 years (which Webz.io offers).
When considering which advanced News API platform to adopt, ask yourself:
Webz.io offers two types of News APIs to meet the unique needs of each customer.
Our Enriched News API offers a ready-made news feed with NLP-enriched data that can be quickly integrated into any application. More enriched data translates into faster detection of important events affect stock value, brand or product. Enriched News API offers:
Webz.io’s Structured News API is a news data feed with comprehensive coverage of news articles from a massive news repository with basic NLP-enrichment. This version of News API includes access to a wide range of news articles – crucial for organizations that need to stay ahead of industry trends, conduct competitive analysis of hundreds of products simultaneously, or provide comprehensive brand monitoring. Structured News API offers:
With new content posted every minute, a News API needs to scan a massive number of sources – from social media, news sites, company sites, blogs, podcasts, influencers and more. In addition, it needs to include accurate readership, audience, sentiment, engagement, and other metadata. For this reason, it’s crucial that the data powering this platform conforms to four key criteria:
Further, when choosing a News API, consider whether the dataset is created and updated via ethical crawling. Does the supplier use user agent and fixed IPs, and comply with robots.txt? This ensures data is safe for business use since site owners can easily block crawlers if they choose.
Also, consider whether the News API enables simple addition of new sources, includes licensed content and whether the News API offers a high level of service and support via a dedicated customer service representative for your organization.
To maximize insights and minimize efforts, it’s best to leave the news data collection to the experts. Webz.io’s News API constantly consumes news data from millions of sources, in more than 170 languages from across the web, and includes 50TB of historical data dating back to 2008. Webz.io also offers additional APIs that provide the full scope of mentions including blogs, forums and review (ecommerce) sites. Webz.io’s advanced platform uses NLP to distill the meaning and sentiment behind every article, story and image – in near real-time. This data is structured and enriched to make it quickly and easily readable by media intelligence platforms. The end result: better news insights based on better data.
To see how Webz.io can maximize news insights for your organization, talk to one of our experts today!
Do you use Python? If so, this guide will help you automate supply chain risk reports using AI Chat GPT and our News API.
Use this guide to learn how to easily automate supply chain risk reports with Chat GPT and news data.
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