Propelled by the explosive growth of the internet and mobile networks, digital data continues to grow exponentially amid advances in the technology to process, store, and analyze new data sources. The exponential growth in the availability of and ability to manage more diverse digital data, in turn, has been a critical force behind the dramatic performance improvements of machine learning (ML) that are driving innovation across industries, including the investment industry.
The scale of the data revolution is extraordinary: the past two years alone have witnessed the creation of 90% of all data that exists in the world today, and by 2020, each of the 7.7 billion people worldwide is expected to produce 1.7 MB of new information every second of every day. On the other hand, back in 2012, only 0.5% of all data was ever analyzed and used, whereas 33% is...
