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Federal Reserve looking to monitor social media

by Steve Ragan –

the tech herald, Sep 27 2011, 10:45

The Federal Reserve Bank of New York (FRBNY) has invited companies specializing in sentiment analysis the chance to bid on a contract, which will allow the regional bank to monitor what people are saying about the Fed online. The solutions designed by hopeful vendors will need to track reactions and opinions expressed by the public in real time.

The RFP (Request for Proposal), was opened officially on September 16. Vendors wishing to take part in the bidding process will need to submit their solutions by 3:00 p.m. EST on September 28. Based on the RFP, the FRBNY is looking for a vendor who is in it for the long haul, and who can provide the most flexible monitoring system available for a reasonable amount of money.

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