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Fintech Policy
@FintechPolicy
, 6 tweets, 7 min read Read on Twitter
#Bigdata vs Machine Learning vs Artificial Intelligence
By Irene Aldridge
☝️author High-Frequency Trading: A Practical Guide to #Algorithmic Strategies& #Trading Systems
☝️co-author Real-Time Risk: What Investors Should Know About #Fintech,#highfrequencytrading and FlashCrashes
1. ☝️🧐➿🔢 In traditional #statistics or #econometrics, researchers make assumptions about #data distributions ahead of the analysis
2. 🥇💪#machinelearning = the 1st discipline to apply #efficiency to #problemsolving brought by #computers & their enhanced computational power
3. 🤗➿🔢#ML scientists try to reduce #assumptions about the data as much as possible&let the data (&computers) decide what fits best.
4. ♾➡️🔤🌐#Datascience identifies core characteristics of the data, summarized by what has been known as #characteristic values (#eigenvalues)
5. ⬛️➡️▪️These data #descriptors capture statistical properties of the data in a succinct & computer-friendly way, elucidating the key #drivers of data in the #process and shrinking datasets into a manageable smaller-scale #optimization problem.
6. 🤐🔢🤑#ArtificialIntelligence is the output of #datascientists letting the #data do the talking
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Related hashtags

#Bigdata #Algorithmic #Trading #Fintech #highfrequencytrading #statistics #econometrics #data #machinelearning #efficiency #problemsolving #computers #ML #assumptions #Datascience #characteristic #eigenvalues #descriptors #drivers #process #optimization #ArtificialIntelligence #datascientists

More from @FintechPolicy see all

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Fintech Policy
@FintechPolicy
#Responsibility of #programmers for their #algorithms
😇Shooting stars: from expert advisor to #spoofing criminal
👉Spoofing #algo coder partially acquitted
🤦‍♂️CFTC and FBI fail with indictment of the programmer who developed the algo at the heart of the infamous 2010 #FlashCrash
😇Jitesh Thakkar, the founder and president of Edge Financial Technologies, one of the leading firms for #software development for #algorithmic and #highfrequencytrading #hft, was acquitted on April 9th, 2019 of the count of #conspiracy to commit spoofing.
⚠️Thakkar’s case is the first in the US where a programmer is prosecuted for his involvement in the development of a manipulative algorithm and shows regulators’ willingness to prosecute programmers in addition to the users of such algorithms.
Read 7 tweets
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Fintech Policy
@FintechPolicy
London On Track To Become #Global #Fintech #Hub
by @thefintechtimes

🦄#Unicorn=a #firm with >$1 billion #market #capitalisation
🦄29 fintech unicorns worldwide
🦄9 in #SanFrancisco AND 7 in #London
Thread👇
2018 #income #growth increase:
💪£77.1m -> £177.6m #revenue
☝️2018 #job creation : 61% increase
☝️#Salary inflations for #IT pros: 6-8%

#ai #artificialintelligence #crypto
☝️#EU #venturecapital:
1. #London 39%
2. #Berlin 21%
3. #Paris 18%
4. #Stockholm 5%
5. #Barcelona 4%
6. #Amsterdam 4%
7. #Zurich 3%
8. #Copenhagen 2%
9. #Dublin 2%
Read 5 tweets
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Fintech Policy
@FintechPolicy
The Financial Stability Board (FSB) published a #Crypto-assets #regulators directory.
5 April 2019
The purpose: provide info on the relevant regulators&authorities in FSB #jurisdictions & international bodies dealing with crypto-asset issues, and the aspects they cover.
👉 fsb.org/2019/04/fsb-pu…

👉 Crypto-assets do not pose a material risk to global financial stability for now.
👉Vigilant monitoring is needed in light of the speed of market developments.
👉Broader policy issues:
1.#Consumer & #investor protection
2.Strong #market integrity #protocols
3. #AML & financing of terrorism (AML/CFT): #regulation, #supervision, implementation of international sanctions
4.#Tax evasion
5.Illegal #securities offerings #ICO
Read 6 tweets

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Elli hearts Patriots
@ElliAdventurer
Imagine a web of hostile nations ruled by dictators stretching from pole to pole, cutting the Pacific in half.
#risk #wargames
This is why Vietnam, Malaysia, Brunei are so critical and vulnerable.
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@911CORLEBRA777 @karolcummins Now imagine a vertical web through that ancient hub of trade, Istanbul (no Constantinople).
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@911CORLEBRA777 @karolcummins Now you see why Georgia and Azerbaijan are so critical, yes? They connect Russia to his friends in Turkey, Syria, Iran.
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Yuen Yuen Ang
@yuenyuenang
#bigdata is promising but not a panacea. We can miss obvious problems if we
rely only on big data. To enhance power of big data, we need to combine it with #thickdata - non-measurable, qualitative insights.

Sharing my IBM report, download 👇

deepblue.lib.umich.edu/handle/2027.42…
Limits of #bigdata 1⃣

Having lots of data can be overwhelming or have little utility
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Limits of #bigdata 2⃣

Organizations may sometimes have big data on things that do not really
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Read 13 tweets
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Alexander J.A Cortes
@AJA_Cortes
AI cannot teach in person

One on one teaching will Be the highest valued skill in the future
The experience interacting with another person is so data rich and so profoundly psychological and intuitive

The probability the algorithm could be created to replicate that and then put into some sort of human like robot

The probability is very very low
Every teaching experience there is one on one is an N=1 situation

It is a duel learning process takes place between student and teacher

Masterful teaching takes into account the whole being of each person

The value of this is infinite
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Sibel Edmonds
@sibeledmonds
#Khashoggi Case Thread: I am going to ‘pin’ this post to use it as an ‘Info Thread’ on the #Khashoggi Case. I am in #Turkey. I’ve been following the case closely and with access to sources & experts here. This is a very ‘sensitive’ criminal case due to ‘Diplomatic Booby Traps’!!!
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Read 335 tweets
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Robert Saunders
@redhistorian
Searing critique by @IanDunt of the "muddled thinking, desperation & fantasy" that constitutes the Brexit White Paper. The government "does not seem to have made any real progress in thinking through how its incompatible demands would operate in practice". politics.co.uk/blogs/2018/07/…
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Headsnipe01
@Headsnipe011
New CIO to Lead DoD Cloud Initiative

@drawandstrike @ThomasWictor @TheChiIIum @HNIJohnMiller @jihadaeon1 @rising_serpent @_ImperatorRex_ @Debradelai @LarrySchweikart

defense.gov/News/News-Rele…
Deputy Secretary of Defense Patrick M. Shanahan announced that Dana Deasy, chief information officer, will lead the department's cloud initiative, effective June 22.
This initiative is part of a larger effort to modernize information technology across the DOD enterprise. A modern digital infrastructure is critical to defending against cyber attacks as well as enabling machine learning and artificial intelligence.
Read 7 tweets

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