#Big Data in Finance

[techtoio]

The Impact of Big Data Analytics on Business Decisions

Introduction

Big data analytics has transformed the way of doing business, deciding, and strategizing for future actions. One can harness vast reams of data to extract insights that were otherwise unimaginable for increasing the efficiency, customer satisfaction, and overall profitability of a venture. We steer into an in-depth view of how big data analytics is equipping business decisions, its benefits, and some future trends shaping up in this dynamic field in this article. Read to continue

[capitalism-and-analytics]

For anyone currently in school or recently in school

I am doing a few guest lectures at some of the universities in my state and working on my presentation. Curious if anyone has any recommendations of topics they really enjoyed from a past guest speaker that isn't major/field-specific?

[ai-innova7ions]

Video Automatically Generated by Faceless.Video:

Revolutionize Your Data Security with AI Models!

Small language models are revolutionizing the tech landscape by providing a more efficient alternative to larger counterparts. Their ability to operate on modest hardware means they can run locally, making them perfect for industries like healthcare and finance where data privacy is crucial.

These models enable fast and secure processing of sensitive information, transforming how businesses manage data. By addressing privacy concerns without compromising performance, small language models are paving the way for innovative solutions in various sectors. Discover how these advancements impact our world today!

#SmallLanguageModels

#DataPrivacy

[southsouthcooperationday]

Multi-stakeholder round table 9: Data, monitoring and follow-up.

8th Plenary meeting - Round table at the First Session of the Preparatory Committee for the 4th International Conference on Financing for Development, Addis Ababa, Ethiopia, 22-26 July 2024. Data, including data on financing, is crucial for assessing progress and guiding actions towards achieving th...

Watch the Multi-stakeholder round table 9: Data, monitoring and follow-up!

[river-taxbird]

AI hasn't improved in 18 months. It's likely that this is it. There is currently no evidence the capabilities of ChatGPT will ever improve. It's time for AI companies to put up or shut up.

I'm just re-iterating this excellent post from Ed Zitron, but it's not left my head since I read it and I want to share it. I'm also taking some talking points from Ed's other posts. So basically:

We keep hearing AI is going to get better and better, but these promises seem to be coming from a mix of companies engaging in wild speculation and lying.

Chatgpt, the industry leading large language model, has not materially improved in 18 months. For something that claims to be getting exponentially better, it sure is the same shit.

Hallucinations appear to be an inherent aspect of the technology. Since it's based on statistics and ai doesn't know anything, it can never know what is true. How could I possibly trust it to get any real work done if I can't rely on it's output? If I have to fact check everything it says I might as well do the work myself.

For "real" ai that does know what is true to exist, it would require us to discover new concepts in psychology, math, and computing, which open ai is not working on, and seemingly no other ai companies are either.

Open ai has already seemingly slurped up all the data from the open web already. Chatgpt 5 would take 5x more training data than chatgpt 4 to train. Where is this data coming from, exactly?

Since improvement appears to have ground to a halt, what if this is it? What if Chatgpt 4 is as good as LLMs can ever be? What use is it?

As Jim Covello, a leading semiconductor analyst at Goldman Sachs said (on page 10, and that's big finance so you know they only care about money): if tech companies are spending a trillion dollars to build up the infrastructure to support ai, what trillion dollar problem is it meant to solve? AI companies have a unique talent for burning venture capital and it's unclear if Open AI will be able to survive more than a few years unless everyone suddenly adopts it all at once. (Hey, didn't crypto and the metaverse also require spontaneous mass adoption to make sense?)

There is no problem that current ai is a solution to. Consumer tech is basically solved, normal people don't need more tech than a laptop and a smartphone. Big tech have run out of innovations, and they are desperately looking for the next thing to sell. It happened with the metaverse and it's happening again.

In summary:

Ai hasn't materially improved since the launch of Chatgpt4, which wasn't that big of an upgrade to 3.

There is currently no technological roadmap for ai to become better than it is. (As Jim Covello said on the Goldman Sachs report, the evolution of smartphones was openly planned years ahead of time.) The current problems are inherent to the current technology and nobody has indicated there is any way to solve them in the pipeline. We have likely reached the limits of what LLMs can do, and they still can't do much.

Don't believe AI companies when they say things are going to improve from where they are now before they provide evidence. It's time for the AI shills to put up, or shut up.

[mobio-solutions]

In today's fast-paced financial world, understanding the power of big data is more crucial than ever. 📊 We're diving into how big data is reshaping finance, offering unprecedented insights and opening new doors of opportunity.

Whether you're a seasoned investor or just curious about market trends, our latest "Big Data in Finance" discussion is your gateway to staying ahead.

Join us as we explore the exciting intersection of technology and finance and discover how big data is not just a buzzword but a key to unlocking potential in today's market.📈

[ramakantthinks]

The Synergy of Big Data and Finance Insights

In the dynamic world of finance, knowledge is power, and data is its lifeblood. Imagine a treasure trove of information at your fingertips, revealing hidden patterns, predicting market trends, and guiding your financial decisions like never before. That's the magic of leveraging Big Data in the finance sector. Today, we embark on an exciting journey to explore how Big Data is revolutionizing the financial landscape in India.

The Big Data Boom

You may wonder, what exactly is Big Data? Well, it's like a gigantic web capturing every digital move we make. From online transactions and social media posts to website visits and smartphone usage – Big Data is everywhere. In India, with the massive surge in internet usage and smartphone adoption, we generate an ocean of data daily. Leveraging this data intelligently can unlock a whole new world of finance insights.

Also Read: The Rise of Decentralized Finance (DeFi): Exploring the Opportunities and Risks of a Borderless Financial Ecosystem

Data-Driven Personal Finance

Managing personal finances can be a daunting task, especially with so many investment options and financial products available. But fear not, as Big Data comes to the rescue! With advanced analytics, financial institutions can analyze individual spending habits, investment preferences, and risk appetite. Armed with this information, personalized financial advice and tailored investment plans can be offered to every Indian, helping them achieve their financial goals.

Transforming Credit Assessment

In the past, getting a loan was akin to running a marathon, slow and exhausting. But Big Data has changed the game! Traditional credit scoring models are now combined with alternative data sources like mobile phone usage and social media activity. As a result, lenders can assess creditworthiness more accurately and provide loans faster. This is a boon for many Indians, especially those who lack a robust credit history.

Predicting Market Trends

Investing in the stock market is like riding a roller coaster – thrilling but unpredictable. Big Data has made this ride a lot smoother! By analyzing vast amounts of market data, including news sentiment, social media chatter, and historical trends, financial analysts can make more informed predictions. Investors in India can now make smarter decisions, minimizing risks, and maximizing returns.

Curbing Financial Frauds

Financial fraud is an unfortunate reality that plagues the global financial system. However, Big Data is proving to be a formidable weapon against fraudsters. Advanced algorithms analyze transactions in real-time, flagging suspicious activities and preventing potential fraud. As Indians increasingly embrace digital transactions, this technology becomes crucial in safeguarding our hard-earned money.

AI-Powered Chatbots

Ever wished for a financial advisor who is available 24/7? Well, now you can have one! Big Data, coupled with Artificial Intelligence, has given birth to intelligent chatbots. These virtual assistants can answer queries, provide personalized financial advice, and even execute trades, all in real time. The convenience and accessibility of chatbots empower millions of Indians to make better financial decisions.

Enhancing Risk Management

Managing financial risks is paramount, and Big Data offers an invaluable advantage. Financial institutions in India can now assess risks more accurately by integrating internal data with external sources like economic indicators and market data. This comprehensive risk analysis ensures a robust and stable financial system, benefiting both institutions and customers.

Also Read: The Role of AI and Machine Learning in Financial Decision Making

Conclusion

The marriage of Big Data and finance is transforming the way Indians manage their money. From personalized financial advice to predicting market trends and curbing fraud, the power of data is revolutionizing the financial landscape. As we embrace this data-driven revolution, let's remember to use this technology responsibly, ensuring a brighter and more prosperous financial future for all.

[p-p-c]

Fortifying the Financial Fortress with 5 Battle-Tested Strategies

In 2022, the financial sector experienced more than 3,500 data breaches, resulting in a crazy 10 billion records being compromised. And the impact is not just limited to corporates; it reaches us, the consumers, too. So, where are the weak spots? How is it possible that these financial giants struggle to identify them while cybercriminals thrive? Is there a gap in security, or are the security mechanisms themselves flawed? Let's dig deep and uncover the answers to these pressing questions.

Read article - https://bit.ly/3PndiqC

[aimlay7research]

Our publication support utilizes applied mathematics and differential equations for finance big data analysis. We assist in creating predictive models and risk management plans, optimizing revenue and minimizing risk.

[mostlysignssomeportents]

The CFPB is genuinely making America better, and they're going HARD

On June 20, I'm keynoting the LOCUS AWARDS in OAKLAND.

Let's take a sec here and notice something genuinely great happening in the US government: the Consumer Finance Protection Bureau's stunning, unbroken streak of major, muscular victories over the forces of corporate corruption, with the backing of the Supreme Court (yes, that Supreme Court), and which is only speeding up!

A little background. The CFPB was created in 2010. It was Elizabeth Warren's brainchild, an institution that was supposed to regulate finance from the perspective of the American public, not the American finance sector. Rather than fighting to "stabilize" the financial sector (the mission that led to Obama taking his advisor Timothy Geithner's advice to permit the foreclosure crisis to continue in order to "foam the runways" for the banks), the Bureau would fight to defend us from bankers.

The CFPB got off to a rocky start, with challenges to the unique system of long-term leadership appointments meant to depoliticize the office, as well as the sudden resignation of its inaugural boss, who broke his promise to see his term through in order to launch an unsuccessful bid for political office.

But after the 2020 election, the Bureau came into its own, when Biden poached Rohit Chopra from the FTC and put him in charge. Chopra went on a tear, taking on landlords who violated the covid eviction moratorium:

https://pluralistic.net/2021/04/20/euthanize-rentier-enablers/#cfpb

Then banning payday lenders' scummiest tactics:

https://pluralistic.net/2022/01/29/planned-obsolescence/#academic-fraud

Then striking at one of fintech's most predatory grifts, the "earned wage access" hustle:

https://pluralistic.net/2023/05/01/usury/#tech-exceptionalism

Then closing the loophole that let credit reporting bureaus (like Equifax, who doxed every single American in a spectacular 2019 breach) avoid regulation by creating data brokerage divisions and claiming they weren't part of the regulated activity of credit reporting:

https://pluralistic.net/2023/08/16/the-second-best-time-is-now/#the-point-of-a-system-is-what-it-does

Chopra went on to promise to ban data-brokers altogether:

https://pluralistic.net/2024/04/13/goulash/#material-misstatement

Then he banned comparison shopping sites where you go to find the best bank accounts and credit cards from accepting bribes and putting more expensive options at the top of the list. Instead, he's requiring banks to send the CFPB regular, accurate lists of all their charges, and standing up a federal operated comparison shopping site that gives only accurate and honest rankings. Finally, he's made an interoperability rule requiring banks to let you transfer to another institution with one click, just like you change phone carriers. That means you can search an honest site to find the best deal on your banking, and then, with a single click, transfer your accounts, your account history, your payees, and all your other banking data to that new bank:

https://pluralistic.net/2023/10/21/let-my-dollars-go/#personal-financial-data-rights

Somewhere in there, big business got scared. They cooked up a legal theory declaring the CFPB's funding mechanism to be unconstitutional and got the case fast-tracked to the Supreme Court, in a bid to put Chopra and the CFPB permanently out of business. Instead, the Supremes – these Supremes! – upheld the CFPB's funding mechanism in a 7-2 ruling:

https://www.scotusblog.com/2024/05/supreme-court-lets-cfpb-funding-stand/

That ruling was a starter pistol for Chopra and the Bureau. Maybe it seemed like they were taking big swings before, but it turns out all that was just a warmup. Last week on The American Prospect, Robert Kuttner rounded up all the stuff the Bureau is kicking off:

https://prospect.org/blogs-and-newsletters/tap/2024-06-07-window-on-corporate-deceptions/

First: regulating Buy Now, Pay Later companies (think: Klarna) as credit-card companies, with all the requirements for disclosure and interest rate caps dictated by the Truth In Lending Act:

https://www.skadden.com/insights/publications/2024/06/cfpb-applies-credit-card-rules

Next: creating a registry of habitual corporate criminals. This rogues gallery will make it harder for other agencies – like the DOJ – and state Attorneys General to offer bullshit "delayed prosecution agreements" to companies that compulsively rip us off:

https://www.consumerfinance.gov/about-us/newsroom/cfpb-creates-registry-to-detect-corporate-repeat-offenders/

Then there's the rule against "fine print deception" – which is when the fine print in a contract lies to you about your rights, like when a mortgage lender forces you waive a right you can't actually waive, or car lenders that make you waive your bankruptcy rights, which, again, you can't waive:

https://www.consumerfinance.gov/about-us/newsroom/cfpb-warns-against-deception-in-contract-fine-print/

As Kuttner writes, the common thread running through all these orders is that they ban deceptive practices – they make it illegal for companies to steal from us by lying to us. Especially in these dying days of class action suits – rapidly becoming obsolete thanks to "mandatory arbitration waivers" that make you sign away your right to join a class action – agencies like the CFPB are our only hope of punishing companies that lie to us to steal from us.

There's a lot of bad stuff going on in the world right now, and much of it – including an active genocide – is coming from the Biden White House.

But there are people in the Biden Administration who care about the American people and who are effective and committed fighters who have our back. What's more, they're winning. That doesn't make all the bad news go away, but sometimes it feels good to take a moment and take the W.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/06/10/getting-things-done/#deliverism

[capitalism-and-analytics]

[uyuforu]

Astro Observations: Lunar Return Chart II

Finally succeeded to make a gradient text lol. Also wanted to post more LRC observations because it's lacking on the internet >:(

How to make a LRC?

✮⋆˙ Go on Astro.com

✮⋆˙ Free Horoscopes > Horoscope Drawings & Data > Extended Chart Selection

✮⋆˙ Chart Type: Scroll to "Lunar Return Chart"

✮⋆˙ Start Date: I suggest to start with 1st of the month and you'll see the date written when your LRC starts on your chart.

╰┈➤ For ex: For April, mine starts on April 12th 2024 and the next date if May 5th 2024 for my May LRC. So be careful about the dates!

✮⋆˙ Don't forget to add additional objects if you want to, and you are done!

All pictures are from Pinterest.

Other posts you could like:

જ⁀➴ Solar Return Observations I

જ⁀➴ Lunar Return Observations I

જ⁀➴ Solar Return Synastry III

Book a private reading: menus ; Q&A ; rules ; instagram

Buy me a Kofi •ᴗ•

₊˚⊹♡ Stellium in 6H means you'll be very busy with work this month, or just busy generally.

₊˚⊹♡ Traveling indicators in LRC:

╰┈➤ 4H Ruler in the 4H

╰┈➤ Jupiter 4H

╰┈➤ Sun/ Jupiter/ Sagittarius/ Part of Fortune in 9H

╰┈➤ Ruler of 9H/ 12H in 9H/ 12H.

₊˚⊹♡ If 4H Ruler is Mars and is in the 4H, this can mean the travel will be quick, not last long, and you may not go far either (meaning you travel in the country, or not too far from where u live).

₊˚⊹♡ Part of Fortune 1H could mean you can find yourself more pretty or more attractive this month.

₊˚⊹♡ Pluto 2H could mean there is a big change in your finances! If it conjunct/ sextile/ trines Jupiter, this is a big positive change! You could gain more money this month or get more money opportunities related to a big change! If it trines Jupiter, this can mean Jupiter is in the 6H, meaning this is related to a big change in your career.

₊˚⊹♡ Mars conjunct Chiron 4H can mean you could get a fight with a family member this month.

₊˚⊹♡ Uranus 5H isn't a sign of sudden break up or bad news in the relationship -.- Something sudden can indeed happen in your love life. If the Ruler of the house is Venus, this can be a good surprise, more if Uranus conjunct, sextile, trine Venus/ Juno/ Jupiter/ POF.

₊˚⊹♡ Uranus 5H could also mean having online crushes or having a long distance relationship or crush, etc. Romance could just be online.

₊˚⊹♡ 1H Ruler in 6H means you'll take care of your health this month or just your appearance, you'll do more exercise and skincare too.

₊˚⊹♡ Stellium 11H usually means you'll spend more time online or with friends. If Chiron is involved with Moon or Mercury, you could get in a fight with a friend or online, or with an online friend!

₊˚⊹♡ Sun 6H means you will be very focused on your career this month, and also your work. You will be busy, and you could also focus a lot on your routine, health and exercise. You could also be hardworking this month and study too.

₊˚⊹♡ Ruler of 6H being Venus could indicate a glow up.

₊˚⊹♡ Sun conjunct Venus 6H means you will love your job this month! You could also be very much loved in your career field.

₊˚⊹♡ Anytime I struggled with money or had hard time to make myself some money, I had Saturn in 2H or 8H.

₊˚⊹♡ 2H or 8H ruler being in 6H means money can come from your work.

₊˚⊹♡ Libra MC means a lovely and very good reputation this month! A lot of people can love you, mostly if Jupiter or Venus conjunct/ sextile/ trines MC!

₊˚⊹♡ Mercury 6H means you'll be very much into working, thinking often of work and perhaps can be a workaholic this month. You can also study more related to your job.

₊˚⊹♡ Mercury conjunct Venus in 6H or 10H means you can get a lot of compliment and praises for your work.

₊˚⊹♡ Moon in 6H means you could be very focused on work, and you could take everything happens at your work at heart. You could also be anxious because of your job, but depending of what aspects the moon, this can be more positive. You could have a desire to glow up, take more care of yourself too.

₊˚⊹♡ Jupiter 6H means a big opportunity at work could present itself! You could be quite lucky when it comes to work and make big progress! You could also lose weight more easily or having a better health this month.

₊˚⊹♡ 9H or 12H ruler being in the 6H or 10H could mean you travel for work.

₊˚⊹♡ 7H ruler being in the 6H could mean getting or signing a contract work related.

₊˚⊹♡ Stellium in 2H could mean focusing more on money.

₊˚⊹♡ Sun 1H could mean also feeling pretty or good looking. You could feel more happy this month. You could also feel like this month feels like a new start in your life.

₊˚⊹♡ 4H Ruler being in the 1H could mean you could live by yourself this month, or you could move in your own place. Or you could just end up having the house by yourself.

₊˚⊹♡ 3H Ruler in the 1H means you could talk about yourself more, or post more selfies online, you'll focus on yourself more.

₊˚⊹♡ Moon 12H means you could be quite secretive about your emotions this month, not letting it out easily and preferring to keep it for yourself. You could be more private about yourself generally. It also means you can be more intuitive this month and you could also be good at manifesting, more if it conjunct/ sextile/ trines Jupiter.

₊˚⊹♡ Mercury 2H means you could learn how to manage money or you could think more about your money. You could also learn a lot about how to live a stable life. You could post often about your outfit, your make up, but also lifestyle, etc.

₊˚⊹♡ Venus 2H lol, you could love money this month! You could love your lifestyle and go shopping often too. You could buy a lot of clothing, make up, and go often to the restaurant too.

₊˚⊹♡ Ruler of 5H in 2H is a sign of your partner paying for you on dates, or just providing you generally. They could pay on dates, pay for your shopping, literally being a sugar partner lol. Otherwise, this can also mean you'll enjoy spending money, and you could treat yourself a lot this month.

₊˚⊹♡ 7H Ruler in 12H is a bit tricky. It depends what's in the 7H and 12H. Im gonna take my example. I have this placement in July, and the ruler is Jupiter. I don't think it means bad because there aren't anything bad in the 12H as aspects and placements, I just think it means having spiritual awakening because of relationships, it can also means knowing a secret about your lover, or someone you love, or an enemy! Discovering a secret enemy. My case is very specific because it's connected to some houses, so I won't talk about it too much lol. One of my best friend had 7H ruler in 12H and it was also Jupiter, and she learned some good tea about the man she loves, and she was happy discovering that secret.

₊˚⊹♡ Saturn 10H could mean you may struggle with your reputation and career this month.

₊˚⊹♡ Having Chiron and Neptune 11H means you can get hurt because of something about you online. You could also discover something that will hurt you online. Someone could also post something about you that you won't like.

₊˚⊹♡ Mars 12H means you won't really want to do a lot of things lol. You could be more lazy.

₊˚⊹♡ Neptune 7H is a sign of being crazy in love, you can be on cloud 9 lol. You could also be confused about your relationship. There might be some misunderstandings between you and your partner this month.

₊˚⊹♡ Saturn 6H could mean you could struggle with your mental health this month, and if it conjuncts 7H Ruler, it can be related to your relationships or enemies.

₊˚⊹♡ Uranus 9H is a big sign of traveling unexpectedly this month. If the Ruler of the 9H is Venus this could be traveling with a lover or someone you love very much.

₊˚⊹♡ 9H ruler in 11H means you can travel with friends, or you could travel to see a friend. You could also travel with people you know in a group. You could also travel with someone you like, and travel in a country you like the culture, or you like the community there.

₊˚⊹♡ Mercury 12H could means you could be quite shy this month, or speak a lot a foreign language.

₊˚⊹♡ 4H Ruler in 9H is a sign of moving out of your country, or traveling out of where you live.

₊˚⊹♡ 7H Ruler in 9H is a sign of traveling with your partner.

₊˚⊹♡ 4H Ruler in 7H means you can move in or live with your partner this month, you could often stay at home with them or just feel at home and safe with them.

₊˚⊹♡ Mars 7H can mean arguments can happen but some hot times too... hehe Actually if Mars 7H aspects well 8H Ruler, well you'll probably spend a lot of times being intimate this month with your partner!

₊˚⊹♡ If 9H Ruler is Mercury, it can mean you can learn a new language this month, or practice more, and even in the country itself!

₊˚⊹♡ 3H with Saturn conjunct Neptune means some miscommunications happening! Where the 3H Ruler is, is why or what about! If North Node is there too, you could need to work on it this month.

₊˚⊹♡ In my case, I have it in 3H and conjunct DSC too. It means the problem of communication can happen in the relationship and because both people don't share enough.

₊˚⊹♡ Jupiter conjunct Moon 6H is a big sign of having a better mental health this month!

₊˚⊹♡ I forgot! The 9H is not only about travel but it's also about In Laws! So having a stellium there, 7H or 5H ruler being in the 9H could be a big sign of meeting your IL.

₊˚⊹♡ So 11H Ruler in 9H could be a sign also of meeting In-Laws.

₊˚⊹♡ And if the 4H Ruler is in 9H, it can also means living at your IL's place for a while.

Thank you for reading!

back to index ; ask ; request ; rules ; instagram

[twinliches]

meet my brother, a sea rescuer for the DGzRS, who spent his day today showing people the ropes of rescuing lifes. why? because it's the sunday after world drowing prevention day (july 25) - which means it's maritime rescue day!

every year, thousands of people need to be rescued from distress at sea. maritime search and rescue ensures the safe returns of everyone who has an emergency on the water, big or small. and today we celebrate that!

despite their important job, many SAR organizations are financed by donations - if you live in a coastal state, i encourage you to consider donating today.

this week is also an important time to remember that saving lives at sea is an obligation not a crime. every day, people continue to drown in the mediterranean in preventable shipwrecks because of the inhumane policies of the european union.

in celebration of world drowing prevention day, i strongly encourage you to donate to the NGOs who save countless lives every week while the EU refuses to fulfill its humanitarian obligations: