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.
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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