Sebi looks to boost surveillance of social media, other platforms through web intelligence tool

Sebi is looking to boost surveillance of social media and other platforms through a web intelligence tool using artificial intelligence and data analytics to probe violations of various securities laws by individuals, groups and other entities.

In this regard, the capital markets regulator has invited Expression of Interest (EOI) from solution providers to implement, install and maintain a 'Web Intelligence Tool', according to a public notice.

Noting that the internet usage has risen exponentially over the last few years which resulted in production of immense amounts of unstructured publicly available data on the web, Sebi said this unstructured data has the potential to provide deep investigation insights about various entities, individuals, groups and topics related to violations of various securities laws. Manual extraction and analysis of massive amounts of unstructured publicly available data in order to reveal actionable insights is usually time-consuming, tedious and has limited efficacy.

"Sebi is looking for a Web Intelligence Tool which provides AI (Artificial Intelligence) based solutions to extract and analyse unstructured publicly available data to gain deep intelligence insights about various entities, individuals, groups and topics," as per the notice. The new tool is expected to save time, ease the analysis process and improve efficiency in the overall investigation process.