Banking / Finance

Mutual Funds – A ‘Big Data’ problem that is costing you

17th Nov `13, 11:59 PM in Banking / Finance

American citizens are rightly upset when they learn that government agencies have been systematically (and secretly) collecting, storing…

BDMS
Guest Contributor
 

American citizens are rightly upset when they learn that government agencies have been systematically (and secretly) collecting, storing and looking for patterns of possible terrorism in phone calls and e-mails.

They are angered that federal economic data and other indicators have been leaked seconds early, just enough time for high-speed trading firms to profit from advance warning.

But they have been oblivious to the big data problems going on with their mutual funds.

Make that Big Data – in capital letters – where huge amounts of information are collected, then used to learn things about their subjects that could not have been detected with smaller amounts of information or with less-sophisticated analytical methods.

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