The rise of the algorithmic model and its implications

Would you trust a machine to manage your wealth, or do you feel more comfortable with a person? After all, it is a fact that last year, BlackRock – the world's largest asset manager with around $5.7 trillion under management – announced that it was moving away from having humans selecting and selling its stocks, at least in part, and was turning to automated systems for certain of its stock picks. Datacentrix is fostering discussions on the possibilities that the digital age brings to South Africa, and how disruptive technologies are reshaping traditional business models. Dr. Dennis Mwansa, an expert with both local and international experience in the field of stock traders and their related technologies, has contributed to the theme, "Trading billions in nanoseconds – how artificial intelligence is used to achieve this". Mwansa is the chairman of Dot Com Zambia, and holds the position of Technology Strategist and Head of Technology Research & Development at one of the largest exchanges in Africa.