Deep Learning Drives Global Financial Institution 'to Gain Every Little Cent'

It may be true data scientists occupy "the sexiest job of the century," but it's also true they're under tremendous pressure to deliver on their rarefied skills, knowledge and pay. We recently spoke (under condition of anonymity) with a data scientist at a North American financial institution, a resource-rich company implementing AI at enterprise scale, and his comments show how Wall Street firms view machine learning as a critical strategic weapon to drive profits and efficiencies. "There's a massive drive at all financial institutions, especially here, to drive efficiencies, for us to gain every little cent across the board," he told us. "…It's part of our internal KPIs (key performance indicators), to find implementable opportunities for efficiency gains in terms of how we perform. This is part of the master goal of the organization."