
Machine Learning as a Tool: What Is Your Problem?
The call of artificial intelligence and machine learning is alluring. However, Wei-Shen says they can be tough to deal with, especially when shooting at invisible targets.
The applicability of artificial intelligence (AI) and machine learning (ML) techniques in the financial space can be vague—they hold the promise of a panacea for some, but the results are often that of a sugar pill. We have seen it applied in the surveillance industry; used to draw out false positives in anti-money laundering processes; in scouring through social media on the lookout for signals and trends that could perhaps give asset managers an extra edge; and even in trying to predict and
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