The Future of “Big Data” and Other Musings
Integrity Research Associates
Yesterday afternoon, at the Intelligent Trading Summit held in New York City, I moderated an insightful panel on the growing use of big data and data driven analytics in the buy-side research process. The panel of experts discussed a number of interesting topics including what they see as the future for “big data” on Wall Street.
Warehousing huge volumes of data is really irrelevant to analysts or investors. Instead, the real key to driving value from “big data” initiatives is the development of predictive analytics at scale. When asked how their various solutions address this issue…David noted that their clients are under tremendous pressure to sort through vast amounts of time series data in order to make better investment decisions. He explained that EidoSearch harnesses the power of pattern recognition technology, applies this to decades of market data, and generates a series of possible forecasts for the future of a security price based on how investors have reacted to similar securities in the past. This enables investors to make better informed trading and investment decisions.