Navigating the hype of big data in the financial services industry
The financial services industry is awash in stories about machine learning and artificial intelligence (AI) applications. Definitions vary widely and discussions are often vague, so it can be hard to determine what is real and what is "spin."
Instinet and MapR have co-authored this white paper to educate the reader on the following:
The 4Vs of big data as they relate to the financial services industry
Challenges related to big data and how they can be overcome
How big data can benefit trading and investment firms
A glossary of terms that may be useful in deciphering the jargons.