Big data in finance: Evidence and challenges

I review the literature on the use of big data sets in finance. While big data and machine learning are exciting fields, there is a danger that we get carried away by the novelty of the topics but pay less attention to the reliability of the academic evidence. Following my review, I argue that big d...

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Bibliographic Details
Published inBorsa Istanbul Review Vol. 19; no. 4; pp. 283 - 287
Main Author Subrahmanyam, Avanidhar
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.12.2019
Elsevier
Subjects
G12
G40
G14
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Summary:I review the literature on the use of big data sets in finance. While big data and machine learning are exciting fields, there is a danger that we get carried away by the novelty of the topics but pay less attention to the reliability of the academic evidence. Following my review, I argue that big data-based evidence should be held to the same academic standards as the rest of the finance academic literature if we are to provide useful advice to finance practitioners.
ISSN:2214-8450
DOI:10.1016/j.bir.2019.07.007