Evolve or Die: Asset Managers Cultivate Data Science Teams
Firms are using machine learning and natural-language processing tools—no longer to grab an edge, but merely to remain competitive.
In the time it takes the Earth to rotate about its axis, internet users will generate 2.5 quintillion bytes of new data. That number, a calculation by IBM, is mostly a slag heap of digital dross. But it is a mountain asset managers can no longer afford to ignore. Whether to spin alpha or just survive, asset managers need to separate the meaningful and profitable from the futile and worthless. And if humans can’t do it, a robot will.
Anthony Lawler“Dat
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