Advantages and challenges abound for investment professionals focusing on big data, large data sets analyzed computationally, Ā and alternative data, data sets obtained from less traditional sources, such as social media, for investment analysis.Ā At the fifth annual TradeTech FX conference, a panel of data scientists and quantitative professionals gave recommendations to investment professionals looking for ways to capitalize on big and alternative data analysis.
āIn a day of data explosion, it’s imperative for all companies to have a thoroughly examined data strategy, and the right methodologies need to be applied to the right data sets,ā said Larisa Mathur, Founder of VNR Partners, a fintech company. Otherwise, ābig data can be a drain on resources, if not used properly.ā
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