TOFIS Panel on Machine Learning, AI: ‘Try Everything, Kill What Doesn’t Work’

Panelists at the recent Toronto Financial Information Summit outline the key opportunities and challenges for machine learning and artificial intelligence in the financial markets.

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During a panel discussion specifically addressing how firms are using data to drive innovation, an audience poll revealed that the top challenges for attendees’ organizations are resources and access to data/data quality, attracting 56 percent and 31 percent of respondents’ votes, respectively, while 6 percent cited technology as their top challenge.

With resources under pressure, firms don’t have time to invest in long-term exercises, but must act quickly to take advantage of opportunities

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