The 'real' Wolf of Wall Street

Artificial Intelligence (AI) is becoming more prominent on Wall Street and having a growing role in capital markets. The concept refers to computer systems capable of mining, analyzing, utilizing data for better investment decisions and undertaking decision-making tasks that normally require human intelligence.

Algorithmic trading, an AI application, has grown six-fold since 2003 to reach 85% of market volume while ‘Big Data’ fuels the evolution of AI-driven investment analytics and investment in AI startups. From 282 million in 2011, Algorithmic trading has grown to nearly 2.4 billion dollars in 2015.

The result is seen in the success that interactive investment technologies such as robo-advisors have experienced since.

Data and technology will continue to gain a bigger role in how money is managed and just like the Internet has transformed the retail industry, the advance in AI in Wall Street or in the construction industry cannot be overstated.