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S&P Global sees Kensho as an all-in-one package to drive 'dramatic evolution'

S&P Global Inc. believes it will have to incorporate advanced technologies, in particular, machine learning, advanced search and natural language processing, in order to compete with its rivals. Executives think they have found all of that in Kensho Technologies Inc., which S&P Global recently agreed to acquire for $550 million.

"We feel like the experience we've already had with Kensho has shown us that we can achieve a lot and we can achieve it fast," President and CEO Doug Peterson said on a conference call to discuss the pending acquisition. "But in order to really accelerate what's possible, we felt that we can do it a lot better and a lot faster with Kensho as part of S&P Global."

The company expects Kensho to drive a "dramatic evolution" of its business, and has identified numerous ways it can leverage advanced technologies the startup brings for an improved client experience.

In S&P Global Market Intelligence, for example, it will add new analytical capabilities, such as the ability to explore the impact of events, the correlations between assets and new visualization tools. In S&P Global Ratings, surveillance capabilities can be streamlined and credit tools enhanced. The company should also help automate core workflows at S&P Global.

These initiatives are "just the tip of the iceberg," Peterson said.

S&P Global has also identified "scores of actionable cost reduction" opportunities, which should create a positive net present value.

S&P Global Market Intelligence is owned by S&P Global Inc.