Thinknum Overview
Thinknum is a venture-backed alternative data Software as a Service (SaaS) startup that specializes in gathering and analyzing vast amounts of public online data to provide actionable insights for businesses and investment firms.
What Thinknum Does
Thinknum leverages proprietary machine learning algorithms to index the public web in real-time, creating over 35 structured datasets from a broad array of public online sources. This includes data on products, operating markets, labor markets, and other key metrics for over 500,000 global companies across various sectors. The platform captures ephemeral information, such as job listings, headcount, social media traction, employee sentiment, product pricing, and store locations, among other metrics.
Key Features and Functionality
- Data Collection and Analysis: Thinknum gathers data from public online sources, including company websites, job boards, social media, and product listings. This data is then structured and analyzed to provide deep insights into company performance and market trends.
- Real-Time and Historical Data: The platform offers both real-time and historical data, enabling users to track current trends and analyze past performance. This is particularly useful for nowcasting financial markets and understanding long-term market dynamics.
- User-Friendly Interface and API Access: Users can access Thinknum data through an intuitive user interface or via an API, catering to both non-technical users and experienced data science teams. The UI allows for easy visualization and analysis, while the API provides raw structured data for advanced users.
- Custom Queries and Alerts: Thinknum allows users to build and share custom queries, set alerts for critical thresholds, and bookmark queries for team collaboration. This ensures that users are always informed about relevant changes in the data.
- Advanced Visualization Tools: The platform includes features for creating custom keyword-based word clouds, charts, and advanced visualizations. Users can also overlay store locations with nearby competitors to analyze market presence and growth.
- Competitor Analysis: Thinknum enables detailed competitor analysis by tracking hiring trends, product pricing, store expansions, and other metrics. This helps businesses understand their competitors’ strategies and make informed decisions.
- Custom Reports and Dashboards: Users can create customized dashboards and reports tailored to their specific needs. The platform also offers printable PDF reports and customizable widgets to view data in a preferred format.
- Support and Capabilities: Thinknum provides 24/7 support, AI-powered analytics, and email support, ensuring that users have the resources they need to maximize the platform’s capabilities.
Business Use Cases
Thinknum’s data and tools are highly versatile, supporting various business use cases such as:
- Sending & Publishing Communications: Enhancing communication strategies with data-driven insights.
- Products & Pricelist Management: Tracking product listings and pricing to optimize product strategies.
- Social Media Analytics: Analyzing social media traction and sentiment to understand market trends.
- Entering New Markets: Using data to inform expansion strategies both locally and internationally.
- Establishing Thought Leadership: Providing unique insights to position businesses as industry leaders.
Overall, Thinknum is a powerful tool for businesses and investment firms looking to leverage alternative data to gain a competitive edge, make informed decisions, and stay ahead of market trends.