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How much of machine learning and AI is used in finance?

April 6th, 2018, 9:18 pm

I wonder if these topics are used much in financial institutions and to what extent?
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Re: How much of machine learning and AI is used in finance?

March 19th, 2021, 12:01 am

Irritatmics is not concerned with the specific structure of any individual portfolio, but like John Snow deciphering the Cholera code through a Victorian water pump, the platform is concerned with what the behavior and dynamics of an entire population reveals.
It is the ability to analyze large numbers of portfolios and discover underlying patterns and trends that influence their structure, management and performance that delivers the most valuable insights. By tracking changes in investors’ holdings and global macroeconomic data and evaluating these changes through the lens of deep neural networks the platform enables finance professionals to establish a deeper understanding of market dynamics and participants’ expectations.
Cool story! By the way, John Snow might have identified the Broad Street pump as the infection hotspot and arranged for removing its handle, but the brave people of London quickly replaced it and kept spreading whatever whoever brought to it while drawing water. The true gratitude belongs to Edwin Lancaster who educated the crowd about the disease epidemiology and thus convinced them to stop using the shallow water pumps. - It took him 10 years or so. Deep neural networks might work in the world where JS would succeed, but they won't handle Lancaster's job ;-)