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As Big Data encroaches more and more into reality these decisions are going to be less relationship based and more AI based. The reason before it had to be rel
by blazespin 10y ago
As Big Data encroaches more and more into reality these decisions are going to be less relationship based and more AI based. The reason before it had to be relationship based was because computers didn't have visibility into the real world to make these decisions. However, with the advent of big data, their visibility is increasing.
- cm2187 10y agoWhat big data? How many acquisitions of an irish insurance company by a german bank are you going to use to train your algorithm to understand the legal and regulatory issues? How are you going to teach your algorithm to anticipate how IFRS9 or the upcoming Banking regulations being discussed with the regulator going to affect that? How are you going to train your algorithm to draft the disclosures in the offering circular, or to challenge the management's view during the due diligence? Are you going to mine gmail traffic? Are you going to mine websites? There are like one or two companies in the world that would face this particular combination of problems. You won't find a nice article on wikipedia to tell you how to handle it. What big data?
- appleiigs 10y agoHuman: "Siri, I need to sell $2B of bonds to finance my renewable energy project. When your other renewable energy clients met with PIMCO recently, what were PIMCO's main concerns?" Siri: "I'm sorry"