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What Big Data Has to Offer the Financial Sector

Mac Slocum interviews O’Reilly director of market research Roger Magoulas on why the finance world should care about Big Data science.

Everyone is struggling with the semantics, so finance isn’t worse off than others. They’re actually making an effort to understand it. Adding to the semantic confusion, the terms “data science” and “big data” are sometimes co-opted by organizations trying to show how they embody these attributes. That’s fine, but the finance ecosystem has a responsibility to learn as much as it can about these areas. The best way to do that is directly from the data science practitioners: see the tools data scientists use and how they approach their work. That firsthand experience will help finance experts inform their investment strategies and see where the data space is heading.

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