"The problem I see is that if we don't, over the next six months or so, start to consolidate and focus on some core platforms, we'll have too much fragmentation."
A panel at Waters USA said firms need to know what information they want before choosing vendors.
Dan and Anthony chat about Waters' biggest annual conference.
The increase in the use of artificial intelligence holds great potential for the future of trading technology, as long as humans and machines can work together.
Data governance and close scrutiny of vendors will help bring all data into either public or private clouds, said Waters USA panelists.
"The cost of computations, the cost of connections, the cost of storage and analysis have come down. There's been a leveling of the playing field."
Artificial intelligence can show its true value to the industry in the cybersecurity space.
C-level executives at Waters USA talk about creating areas where innovation can prosper.
Waters USA panelists said good regulatory technology exists but is useless without good data.
At this year's Waters USA event, panelists discussed the benefits of machine learning and AI, and where these technologies are still lacking.
Panelists at Waters USA 2016 had contrasting views on the impact of robo advisors.