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How Exactly AI and Data Science Can Replace a Human in the Financial Sphere
When talking about Artificial Intelligence, most people immediately imagine armies of robots, which will definitely revolt against humanity. Yes, we are all influenced by science fiction and movies, but we should separate myths from reality. Step-by-step AI is changing the world. Is it bad or good?... Read more
Watch: Introduction to Quant Finance with Quantiacs Toolbox
This presentation by Eric Hamer will take you through the basics of machine learning and quant finance, and illustrate how to create and test machine learning strategies using Quantiacs. The webinar covers: – An Overview of Machine Learning – The Machine Learning Process – Features of... Read more
Watch: Applied Finance – The Third Culture with Steve Lawrence
What can financial analysts learn from computer scientists about data science? And can computer scientists change their approach to appeal to finance professionals? Data scientists typically argue about the relative merits of the statistical and algorithmic approaches to data mining (Leo Breiman – The Two Cultures).... Read more
How to invest in AI (with $50 or less)
AI is the big thing in investing right now. The internet abounds with posts about the explosive growth of machine learning and AI, with implicit (or explicit) messages trying to persuade readers to invest in some hot startup or tech. This isn’t another one of those... Read more
Alex Detmering of Basis Technology on The Honest Guide to AI for Risk
Financial institutions, historically, have had enough to worry about. With new technology disrupting the industry at an exponential rate, and more variables coming into play constantly, what FIs need is a little something to help sort through the mass amounts of data. Enter Basis Technology –... Read more
Crypto Regulations: How ICO Regulations Differ Across the Globe
For those of you who have been reading my recent articles, I have been focussing my attention on the necessity of regulations in the crypto world. The number of scams among ICOs seems to be growing and on a daily basis, I receive invitations to join another ICO as... Read more
The Compression of the Hype Cycle
I spend a lot of time thinking about hype cycles, across industries (Big Data/AI, IoT) and ecosystems (New York). Whether you use the Carlota Perez surge cycle (see this great Fred Wilson post) or the Gartner version, hype cycles convey the fundamental idea that technology markets don’t develop linearly, but instead... Read more
Data and the Future of Value
How to value data as an asset istorically, companies have pursued the dollar as a measure of value in the pursuit of shareholder value. Cash flow, profits, and asset values are all about dollars. I think an additional set of measurements can be added to the mix around... Read more
Not only is Machine Learning earning specialists a good salary, but algorithms are being used to make money. It is gaining notoriety for solving just about any problem, dramatically improving technology, breaking barriers, and even worrying some of us. Making money via machine learning tends to... Read more
A few months ago, Foursquare achieved an impressive feat by predicting, ahead of official company results, that Chipotle’s Q1 2016 sales would be down nearly 30%. Because it captures geo-location data from both check-ins and visits through its apps, Foursquare was able to extrapolate foot-traffic stats... Read more