Advantages and challenges abound for investment professionals focusing on big data, large data sets analyzed computationally, and alternative data, data sets obtained from less traditional sources, such as social media, for investment analysis. 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.
“In 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,” said Larisa Mathur, Founder of VNR Partners, a fintech company. Otherwise, “big data can be a drain on resources, if not used properly.”
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