Machine learning in finance: From buzzword to mainstream - JAXenter

Finance is one of the most conservative sectors and one of the latest technology adopters for a good reason: it requires stability, predictability, and risk hedging. Even if there are significant opportunities presented by technology, financial companies will be lagging behind because they should wait for a technology to enter its maturity stage as well as for somebody else to test it first and absorb associated risks. However, once a technology is stable enough and has gained mass adoption among businesses, it becomes appealing for the finance sector. This is the case of machine learning (ML), which has ceased to be just a buzz word now. SEE ALSO: Meet Manifold: Uber's machine learning model debugging tool goes open source Machine learning uses statistics to recognize patterns and associate them with entities or cases.