Golden Copy: Data's Hot New Accessory
Innovator's sensory 'VEST' could impact how reference data is read and evaluated
At Teradata Partners last week, I was again intrigued by an observation from science author David Eagleman, this time in person. [I wrote in 2014 about his earlier book, "Incognito," relating his take on how the brain interprets data from the eyes to how automated systems rapidly process financial data for trading decisions in the markets.]
Eagleman last year published "The Brain: The Story of You," and produced a companion TV series for PBS. At the company's conference, he related an experiment in which market indicators could be fed into a vest that has an array of small vibration motors, whose wearer then chooses a green or red button based on the feeling those motors convey. Designed to help hearing-impaired people feel speech, the vest's function could be altered so signals based on financial markets data could drive the motors.
This would make so-called "gut feelings" and hunches about the market an actual functional system, not something to be dismissed or laughed at. Choosing a button to press based on the stimuli determines whether the stock is bought or sold, Eagleman revealed in his presentation.
For institutions dealing with more than just single transactional decisions, Eagleman's vest, which also is named with the acronym VEST, for Versatile Extra-Sensory Transducer, could provide a feel for information that would otherwise have to be pulled from stores of reference data, and then processed or interpreted to yield insights.
This is an exciting idea, even more impactful than finding similarities between natural neurological data processing and automated financial markets data processing. VEST, if used widely as a tool to manage data for a portfolio, could both streamline reading and understanding of reference data, and increase the accuracy of the processing of data, by also using another human sense to read that data. It could serve as a check or balance on flawed reading and evaluation of data as performed by mere fallible human eyes and brains.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
The AI boom proves a boon for chief data officers
Voice of the CDO: As trading firms incorporate AI and large language models into their investment workflows, there’s a growing realization among firms that their data governance structures are riddled with holes. Enter the chief data officer.
FactSet launches conversational AI for increased productivity
FactSet is set to release a generative AI search agent across its platform in early 2025.
If M&A picks up, who’s on the auction block?
Waters Wrap: With projections that mergers and acquisitions are geared to pick back up in 2025, Anthony reads the tea leaves of 25 of this year’s deals to predict which vendors might be most valuable.
ICE Connect adds data integration capabilities for proprietary data
Intercontinental Exchange’s desktop platform is collaborating with CloudQuant to allow customers to integrate in-house data and analytics with the datasets found on its ICE Connect platform.
MIAX taps DataBP for exchange data licensing, custom contracts
To support planned growth of its data business, the exchange group has implemented DataBP’s platform to strengthen its licensing process and scale up its distribution capabilities in anticipation of end-user demand.
The Waters Cooler: A little crime never hurt nobody
Do you guys remember that 2006 Pitchfork review of Shine On by Jet?
Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T
Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.
Chief data officers must ‘get it done’—but differ on what that means
Voice of the CDO: After years of focus on data quality, governance, and compliance, CDOs are now tasked with supporting the business in generating alpha and driving value. How can firms put a value on the CDO role?