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Big Data as a Revolutionary Tool in Finance

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  • Aureliano Angel Bressan

Abstract

A data driven culture is arising as a research field and analytic tool in Finance and Management since the advent of structured, semi-structured and unstructured socio-economic and demographic information from social media, mobile devices, blogs and product reviews from consumers. Big Data, the expression that encompasses this revolution, involves the usage of new tools for financial professionals and academic researchers due to the size of data involved, which require more powerful manipulation tools. In this sense, Machine Learning techniques can allow more effective ways to model complex relationships that arise from the interaction of different types of data, regarding issues such as Operational and Reputational Risk, Portfolio Management, Business Intelligence and Predictive Analytics. The following books can be a good start for those interested in this new field.

Suggested Citation

  • Aureliano Angel Bressan, 2015. "Big Data as a Revolutionary Tool in Finance," Journal of Financial Innovation, IBRIF - Instituto Brasileiro de Inovação Financeira, vol. 1(2), pages 1-7.
  • Handle: RePEc:jfi:journl:v:1:y:2015:i:2:p:7
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