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EVENT DETAILS |
An abundance of cheap & powerful computing capacity is bringing artificial intelligence to bear on an ocean of data, across a range of industrial applications.
Complex mathematical modelling has always been part of the data-driven financial world, but today professional money managers are exploring a new range of techniques including machine learning, deep learning & neural networks. They have also become familiar with the relatively new discipline of data science - really an intersection of software engineering, statistical modelling, research analytics, data mining & data warehousing.
Newsweek's AI & Data Science in Capital Markets inaugural event in London provided participants with a clear view of what exactly these new tools are, & how they can capture value in the financial realm. This forthcoming event in New York will likewise bring together the best minds in quantitative finance & data science to discuss how advanced computing, when applied to vast & varied datasets, can help predict the price of financial instruments.
This will involve an exploration of new & exciting data sources currently being swooped upon by hedge funds & asset managers seeking an alpha edge. For example, in London we looked at cube satellite imagery, which can provide a cheap & accurate picture of commercially significant activity anywhere on the planet; automatic identification system (AIS) data, which map the whereabouts of all vessels on the ocean via inbuilt transponders; IoT data on farming yields; heterogeneous shopping data - the list was long.
The process of capturing, cleaning & formatting these large & sometimes noisy datasets is examined in detail, both from the proprietary perspective of large financial players, & also how this is done by third party vendors.
Portfolio management enhancements & risk management using machine learning will also be discussed, as will the regulatory response to algorithms that adapt to changes in market conditions; building trust in the industry & wider public, rather than the putative black box'.
The event will also consider the extent to which advancements in AI happening in areas such as computer vision, voice recognition & self-driving cars can usefully be applied to finance. And at a higher level there will be discussions about human capital & the impact machines might have on key roles within finance such as discretionary traders & research analysts.
Newsweek's second AI & Data Science in Capital Markets conference in NYC will also see the introduction of a session of pre-event seminars & primers, which will give participants classroom time with leading data scientists from both the industry & academia.
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