FiscalNote is creating software platforms that connect the world to their government. This start-up is known for its software, media, data services supplement, founded in 2013. Policy analysis and gathering relevant news, stakeholder management, etc. are the large contributions from this company. Besides, FiscalNote is delivering relevant policy information through harnessing Artificial intelligence.
So, this organization is here for us to manage the policy issues by its software-based solutions. These reflect the risks and opportunities of your organization and help to navigate the policymaking world better. FiscalNote team got the award as the best start-up employers in 2020.
It provides software tools, data services, and other relevant news through its Government Relationship Management (GRM), a core-capital generating product. A big part of it is helping lobbyists, public servants, lawyers, activists and letting them gain insights into legislation and regulation through big data analytics.
As a guide to aggregate legislation and rules with collecting the information from federals, government agencies, etc., It let us updated about how we can get advantages from the government actions, laws, and implementation in our businesses. Quite fascinating thing shows there is all software-engineered approach instead of the human involvement on their back-end platform. The first product they created, called Prophecy that allows users to aggregate legislation from across the US. Prophecy uses a search algorithm in real-time that permits users to search a topic, finding the bills related to it by using AI to calculate the plausibility.
The way it started
Tim Hwang was a government employee in his early career. He discovered much complexity and found challenging jobs in accessing easily consumed legislation of the government. Tim had a plan to ensure these jobs easily access, empower the government and people to know each other through close observations. By harnessing modern technology such as artificial intelligence and machine learning, he believed things would improve. And so, he started to take some initiative for his idealogy. After flew to Silicon Valley, the real struggle started in 2013. Tim collaborated with his childhood friends, took that idea into reshaping, and built a company in the same year.
He said in an interview, “I see lawmakers that are adamant that there’s no computer in the world. They’ll be able to kind of capture what’s going on in their head. But in a world where we can have behavioral advertising and incredibly micro-targeting of voters and consumers, it’s not difficult to find the profile of an individual one.”
FiscalNote Markets
In Aug 2020, FiscalNote has launched FiscalNote Markets that is a new edition on their product list. This product adds political and regulatory analysis, empowered by the robust AI-powered software, advanced tools.
Team FiscalNote is trying to insert advantages on the professionals who struggle with the investment. This market research enables them to reduce technical challenges. Therefore, FN Market gives technology-driven insights and trust upon expert analysis for legislation and regulatory activities. It empowers investment analysis in politics, fiscal and trade policy, tobacco, etc. sectors.
Last words
FiscalNote is an advanced technology-based company as you already get to know. These services help clients the right mainstreamed policy information, insights in real-time. As a result, you can have better market risk, uncertainty acknowledgment, and maximize new opportunities by navigating. FiscalNote can be a powerful weapon in letting the whole voting system in the election and making it possible on their network by educating the candidate’s supporters.