Traders Seek Profits From Unstructured Data

Financial firms are increasing their focus on trying to derive value from analysis of unstructured data, from news to social media sources, panelists said, though challenges to adoption remain around the trustworthiness and timeliness of non-traditional data sources.

The first challenge lies in determining how much structure a dataset contains, and whether it can be analyzed by existing tools used for other datasets. “There are at least three or four traditional areas of data that we’re all used