Axios Oct 22
The future of Wall Street
Bloomberg has a job-by-job look at Wall Street functions that could be wiped out by automation — machine learning, natural-language processing, robotic-process automation and predictive analytics:
- Why it matters: "The tools will relieve staff of routine tasks and offer an edge to those who stay. But one day, machines may not need much help."
- For example: "Firms are trying to build economists. They're toying with natural-language processing to sift central bank commentary for clues on future monetary policy. They're also experimenting with algorithms that scour far-flung data, like oil-tanker shipments from the Middle East or satellite images of Chinese industrial sites, to forecast growth."