{"id":4852,"date":"2014-09-26T07:00:00","date_gmt":"2014-09-26T15:00:00","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=4852"},"modified":"2014-08-29T20:16:47","modified_gmt":"2014-08-30T04:16:47","slug":"big-data-3","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/big-data-3\/","title":{"rendered":"Big Data: Capital Markets Slow to Adopt Big Data"},"content":{"rendered":"<p>Recently financial firms involved in capital markets were <a title=\"Aite Group review of Big Data in Capital Markets\" href=\"http:\/\/www.waterstechnology.com\/inside-market-data\/news\/2360482\/thomson-reuters-aite-survey-big-data-usage-remains-limited-in-capital-markets\" target=\"_blank\">surveyed<\/a> about their uptake and use of big data by <a title=\"Thomson Reuters\" href=\"http:\/\/thomsonreuters.com\/\" target=\"_blank\">Thomson Reuters<\/a> and <a title=\"Aite Group\" href=\"http:\/\/www.aitegroup.com\/\" target=\"_blank\">Aite Group<\/a>.<\/p>\n<p>The report found that:<\/p>\n<ul>\n<li>Most financial firms dealing in capital markets haven&#8217;t yet created an overall big data strategy<\/li>\n<li>Despite a lack of strategy, half of the financial firms surveyed have already made some investment in big data. \u00a0Those firms using big data are primarily using it for trading and quantitative research.<\/li>\n<li>Roughly half of the firms in capital markets expect to hire a data scientist over the next two years<\/li>\n<\/ul>\n<p>The findings are a bit surprising given that financial firms are often early adopters of new technologies,<\/p>\n<p><a title=\"Virginie O'Shea bio\" href=\"uk.linkedin.com\/pub\/virginie-o-shea\/3\/893\/352\" target=\"_blank\">Virginie O\u2019Shea<\/a>, senior analyst at Aite Group, said that &#8220;the capital markets have been relatively slow to adopt big data strategies, but they have begun to make some impact in a select few areas of the markets over recent years, including within sentiment analysis for trading, risk analytics, and market surveillance. \u00a0Priority levels for data management and analytics have risen as adoption of electronic trading has spread across different regions and asset classes, and the diversity of data sources and sheer volume of data have increased substantially over the last decade. 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The report found that: Most financial firms dealing in capital markets haven&#8217;t yet created an overall big<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/formtek.com\/blog\/big-data-3\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4852","post","type-post","status-publish","format-standard","hentry","category-big-data"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/4852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=4852"}],"version-history":[{"count":0,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/4852\/revisions"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=4852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=4852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=4852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}