The road ahead
The development of Artificial intelligence is expected to grow beyond what we have seen already.  Learning-based algorithms and their ability to decode complex information will complement human efforts, help fulfill or replace certain tasks.  Social networks are still in the early stages of growth and will evolve for the most part due to the increasing global interaction of the world’s population; there are billions of people or consumers who will interconnect for various purposes online.  A number of jobs may disappear because of the processing speed of computers over what is humanly possible which will affect general employability of people, income and the survivability of certain companies or the services they currently depend on.  We are already observing digital labor advances in many areas such as health care and legal industries. This past year, we have seen astonishing progress in self-driving cars such as the Google driverless car.  A digital brain can now drive a car down a street using pattern matching involving lots of different kinds of data in a constantly changing environment.

The Industry impact
In the Financial Services Industry we cannot underestimate the impact of learning-based algorithms. The combination of data plus modern analytical techniques is growing exponentially in capability. A lot can be learned from companies like Google, Amazon, Facebook and Netflix on how they leverage data to become increasingly disruptive within their space.  Marketware, is now promoting a new platform that mines millions of data sources like Blogs, News Wires, Twitter, Open Data sources, and convert unstructured data to structured data, so that traders can see and use the trends in data to make informed decisions.   Leveraging data will be crucial to winning over the competition.  This industry is not immune to the amazing technological progress we’re seeing.  Clients, employees at all levels and, how solutions are delivered in this new data-driven world are going to change.   Businesses need to move away from the intuitive norms and place more emphasis on decision-making processes that are data-driven, while keeping the pulse on the market signals that are motivating client decisions.  As Arthur C. Nielsen, Market Researcher & Founder of ACNielsen noted “The price of light is less than the cost of darkness.”  Understanding the market implication of digital business information and trends now are key to attaining the best possible performance, revenue gains and cost savings in the long-term.  Don’t be left behind…