JPMorgan will soon launch its RoarData website, letting anyone join prediction competitions based on large sets of data. The bank plans to take the site live in October 2017 and is currently recruiting staff for the data science unit of its corporate and investment bank. Job ads indicate that JPMorgan is hoping to tap into the community of machine learning enthusiasts and create searchable real-time forecasts that "collectively map the future". It also hopes RoarData will lead to large cost savings across its business, alongside other civic, commercial and scientific applications.
JPMorgan will soon launch its RoarData website, letting anyone join prediction competitions based on large sets of data. The bank plans to take the site live in mid-2018 and is currently recruiting staff for the data science unit of its corporate and investment bank. Job ads indicate that JPMorgan is hoping to tap into the community of machine learning enthusiasts and create searchable real-time forecasts that "collectively map the future". It also hopes RoarData will lead to large cost savings across its business, alongside other civic, commercial and scientific applications.