This blog post explores how three major industries will be disrupted by artificial intelligence and big data, with the financial industry being one of them. Notably, it suggests that having a trillion sensors of information in the world, combined with the interconnection of 100bn personalised devices, and having computers that can trade based on those factors, will essentially create 'god-like' traders, that human beings are incapable of competing with. Additionally, robots will be superior to humans in trading on sentiment, due to their ability "to read through your social media posts from quarterly and determine from sentiment analysis which industries and values you like and which you don't"; this is becoming ever-more important "In an age of millennials where what you stand for is as important as the profits you make".
This blog post explores how three major industries will be disrupted by artificial intelligence and big data, with the financial industry being one of them. Notably, it suggests that having a trillion sensors of information in the world, combined with the interconnection of 100bn personalised devices, and having computers that can trade based on those factors, will essentially create 'god-like' traders, that human beings are incapable of competing with. Additionally, robots will be superior to humans in trading on sentiment, due to their ability "to read through your social media posts from the past couple of years and determine from sentiment analysis which industries and values you like and which you don't"; this is becoming ever-more important "In an age of millennials where what you stand for is as important as the profits you make".