Big Data Experts On Text, Twitter And Turning Quantamental

Using machines to read text as a way to enhance understanding of market movements is a topic of intense polarization and debate. Back in the 90s, work on natural language processing (NLP) involved teams of linguists and computer scientists attempting to code up rules of grammar. Recent work has focused on techniques like word embedding, the underlying idea that a word is characterized by the company it keeps; semantic similarities between words are based on their distribution in large samples of data. Newsweek is hosting an AI and Data Science in Capital Markets conference on December 6-7 in New York. The "bag of words" approach has been applied commercially in finance for more than 10 years.