Technology, Big Data and AI | Research & Policy Center

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src="/-/media/images/hero/rpc-theme-heros/ai-red-data-and-tech.jpg?w=2560&hash=847D4FDF6BBF156D605420EC40E1E273" srcset="/-/media/images/hero/rpc-theme-heros/ai-red-data-and-tech.jpg?w=480&hash=B062ABB5BDDAAC4FD3411B022FCE84E7 480w, /-/media/images/hero/rpc-theme-heros/ai-red-data-and-tech.jpg?w=768&hash=4F36614AD08735DB7ADEACC182EF8F5A 768w, /-/media/images/hero/rpc-theme-heros/ai-red-data-and-tech.jpg?w=1200&hash=5445468D6C4CF5DA7996B99710EB006E 1200w, /-/media/images/hero/rpc-theme-heros/ai-red-data-and-tech.jpg?w=2560&hash=847D4FDF6BBF156D605420EC40E1E273 2560w" sizes="100%" alt="AI"> </picture> <div class="spotlight-hero__container"> <div class="spotlight-hero__text"> <h1 class="spotlight-hero__title">Understanding Technology, Big Data and AI</h1> <span class="spotlight-hero__subtitle">Latest developments in finance and investments</span> <a class="spotlight-hero__cta" href="https://rpc.cfainstitute.org/en/research/browse#sort=%40officialz32xdate%20descending&f:Theme=[Technology]" >More Technology, Big Data and AI Content</a> </div> </div> </section> <section class="article-grid">  <section class=" grid__item--full-width grid__item--inset grid__item--initial">  <ol class="anchors"> <li class="anchors__item"> <a class="anchors__link" href="#topSection"> Research & Blogs </a> </li> <li class="anchors__item"> <a class="anchors__link" href="#middleSection"> Policy in Action </a> </li> <li class="anchors__item"> <a class="anchors__link" href="#bottomSection"> Be Informed </a> </li> </ol>  </section>   <section id="topSection" class=" grid__item--full-width grid__item--inset grid__item--initial"> <div class="flex__container brand-card__container flex__container--1-up brand-card--horizontal@md brand-card--flipped brand-card--uneven" >  <a href="/en/research/the-automation-ahead-content-series/introduction" class="brand-card flex__item" ><img src="/-/media/images/cards/blogs/2024/AIs-Game-Changing.jpg?h=374&w=664&la=en&hash=E97E579C83415C37967CD3DFD8F87D7B" class="brand-card__media media__ratio--full media__ratio--wide@md" loading="lazy" alt="AI鈥檚 Game-Changing Potential in Banking: Are You Ready for the Regulatory Risks?" /> <div class="brand-card__content"> <span class="brand-card__content-category">Research</span> <h4 class="brand-card__content-title">Introduction and Automation Framework</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">By Brian Pisaneschi, CFA</span> Understanding where automation can deliver the most value is a critical first step. This introduction and automation framework provide a foundation for developing an intuitive understanding of the technology, while identifying high-impact opportunities for GenAI-driven automation to help professionals think strategically about its applications. </div> </div>  </a> </div> <div class="flex__container brand-card__container flex__container--3-up@md flex__container--large-column-gap" >  <a href="/en/research/the-automation-ahead-content-series" class="brand-card flex__item" ><img src="/-/media/images/cards/automation-ahead-series/header-image-introduction.jpeg?h=469&w=664&la=en&hash=8B09E09F93C472549B77F47456704D49" class="brand-card__media media__ratio--full media__ratio--wide@md" loading="lazy" alt="Automation Ahead content series" /> <div class="brand-card__content"> <span class="brand-card__content-category">New Research</span> <h4 class="brand-card__content-title">The Automation Ahead Content Series</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">By The Research and Policy Center</span> This series breaks down the reality of GenAI’s current state, guiding you through the innovations, possibilities, and risks of this new wave of automation. </div> </div>  </a>  <a href="/en/research/foundation/2024/investment-model-validation" class="brand-card flex__item" ><img src="/-/media/images/cards/new-brand-people-at-work/man-leaning-over-laptop.jpg?h=443&w=664&la=en&hash=62091834341783B9B1DB1CC3D4FEEC22" class="brand-card__media media__ratio--wide" loading="lazy" alt="man-leaning-over-laptop" /> <div class="brand-card__content"> <span class="brand-card__content-category">Research Foundation</span> <h4 class="brand-card__content-title">Investment Model Validation: A Guide for Practitioners</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">By Joseph Simonian</span> As the investment landscape evolves, proactive model validation is critical for the reliability and effectiveness of any investment process. This monograph provides a practical, detailed overview of validation tools available to practitioners. </div> </div>  </a>  <a href="/en/research/reports/2024/unstructured-data-and-ai" class="brand-card flex__item" ><img src="/-/media/images/cards/new-brand-cityscapes/crosswalk.jpg?h=442&w=664&la=en&hash=26734D6AFC92844E964BC8219BD26C77" class="brand-card__media media__ratio--full media__ratio--wide@md" loading="lazy" alt="crosswalk-with-cards" /> <div class="brand-card__content"> <span class="brand-card__content-category">Research Report</span> <h4 class="brand-card__content-title">Unstructured Data and AI: Fine-Tuning LLMs to Enhance the Investment Process</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">By Brian Pisaneschi, CFA</span> Access to powerful LLMs like ChatGPT is reshaping roles in the investment profession. This report discusses how to ethically build investment models in the open-source community. It defines alternative data and presents an ESG investing case study. </div> </div>  </a> </div> </section>   <section class=" grid__item--full-width grid__item--inset">  <div class="section__separator"> <h2 class="section__header"> Featured Content </h2> </div>  <div class="flex__container brand-card__container flex__container--3-up@md flex__container--large-column-gap" >  <a href="/en/research/financial-analysts-journal/2024/how-much-does-chatgpt-know-about-finance" class="brand-card flex__item" ><img src="/-/media/images/cards/blogs/Research-and-Policy-Center-Three-Most-Popular-Articles-of-2023-Data-and-Technology.jpg?h=406&w=664&la=en&hash=2D5A2BBDBA3DCC71FC886F6FB4E744AF" class="brand-card__media media__ratio--wide" loading="lazy" alt="Research-and-Policy-Center-Three-Most-Popular-Articles-of-2023-Data-and-Technology" /> <div class="brand-card__content"> <span class="brand-card__content-category">Financial Analysts Journal</span> <h4 class="brand-card__content-title">How Much Does ChatGPT Know about Finance?</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">By Douglas (DJ) Fairhurst, and Daniel Greene</span> Finance applications of large language models (LLMs) have implications for practitioners and researchers. Analysis shows that some models and methods are associated with higher levels of accuracy, making use of LLMs task specific, not job specific. </div> </div>  </a>  <a href="https://rpc.cfainstitute.org/en/blogpage#q=aed10e3fbeb58d52864ee705d87a9fefb98e22bf6b620aed69382f3b2885" class="brand-card flex__item" rel="noopener noreferrer" target="_blank" ><img src="/-/media/images/cards/blogs/2024/dangers-and-opportunities.jpg?h=448&w=664&la=en&hash=74FC0ADB8CEC24B32D92C0131F18545C" class="brand-card__media media__ratio--wide" loading="lazy" alt="Dangers and Opportunities Posed by the AI Skills Gap in Investment Management" /> <div class="brand-card__content"> <span class="brand-card__content-category">Enterprising Investor</span> <h4 class="brand-card__content-title">Dangers and Opportunities Posed by the AI Skills Gap in Investment Management</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">5 Sep 2024</span> AI is more than just another technology. It is a transformative force with the potential to redefine investment management. The industry's most significant barrier to harnessing this power is the widening AI skills gap, cautions Dan Philps, PhD, CFA. </div> </div>  </a>  <a href="https://take15audio.libsyn.com/ken-laudan-investing-in-the-age-of-ai" class="brand-card flex__item" rel="noopener noreferrer" target="_blank" ><img src="/-/media/images/cards/podcast-page/2024/EI527-Ken-Laudan-1920x1080.png?h=374&w=664&la=en&hash=69B74EA570D799CC96A0B113937740D7" class="brand-card__media media__ratio--wide" loading="lazy" alt="Ken Laudan: Investing in the Age of AI" /> <div class="brand-card__content"> <span class="brand-card__content-category">Podcast</span> <h4 class="brand-card__content-title">Ken Laudan: Investing in the Age of AI</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">1 Aug 2024</span> Join Mike Wallberg, CFA, and Ken Laudan, portfolio manager of Buffalo Fund's Blue Chip Growth Fund, for a thought-provoking discussion on the future of AI in investing. Ken shares his contrary view on AI's transformational potential, drawing on his extensive experience as a sell-side analyst and buy-side portfolio manager. </div> </div>  </a> </div> </section>   <section id="middleSection" class=" grid__item--full-width grid__item--inset">  <div class="section__separator"> <h2 class="section__header"> Policy in Action </h2> </div>  <div class="flex__container brand-card__container flex__container--3-up@md flex__container--large-column-gap" >  <a href="https://rpc.cfainstitute.org/en/blogpage#q=270c30a9db5c733e889c7ec105396a182f7fe654272b6fb4c12e040e3df1" class="brand-card flex__item" ><img src="/-/media/images/cards/blogs/2024/AIs-Game-Changing.jpg?h=374&w=664&la=en&hash=E97E579C83415C37967CD3DFD8F87D7B" class="brand-card__media media__ratio--wide" loading="lazy" alt="AI鈥檚 Game-Changing Potential in Banking: Are You Ready for the Regulatory Risks?" /> <div class="brand-card__content"> <span class="brand-card__content-category">Enterprising Investor</span> <h4 class="brand-card__content-title">AI鈥檚 Game-Changing Potential in Banking: Are You Ready for the Regulatory Risks?</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">21 Oct 2024</span> As AI and big data transform the financial services sector, investment professionals face new opportunities and challenges. Md Nasim Akhtar, FDB, makes his <em>Enterprising Investor</em> debut with a focus on banking. He identifies six key regulatory concerns and actionable steps to mitigate them. As regulators continue to refine their understanding of AI and big data, financial institutions have an opportunity to shape the regulatory landscape by participating in discussions and implementing responsible practices, he recommends. </div> </div>  </a>  <a href="https://blogs.cfainstitute.org/marketintegrity/2024/10/14/ai-in-investment-management-ethics-case-study/" class="brand-card flex__item" rel="noopener noreferrer" target="_blank" ><img src="/-/media/images/cards/blogs/2024/ai-ethics.jpg?h=406&w=664&la=en&hash=3618D672F9605895232C8D74018157D4" class="brand-card__media media__ratio--wide" loading="lazy" alt="AI Ethics" /> <div class="brand-card__content"> <span class="brand-card__content-category">Market Integrity Insights</span> <h4 class="brand-card__content-title">AI in Investment Management: Ethics Case Study </h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">14 Oct 2024</span> As with any cutting-edge investment practice, managers must be diligent in ensuring new practices do not run afoul of the fundamental ethical principles of integrity, transparency, competency, diligence, and protecting clients. Jon Stokes presents a case study of AI in the investment management process and related client communications. Can you identify the ethical issues that arise? </div> </div>  </a>  <a href="https://blogs.cfainstitute.org/marketintegrity/2024/10/18/ai-in-investment-management-ethics-case-study-part-ii/" class="brand-card flex__item" rel="noopener noreferrer" target="_blank" ><img src="/-/media/images/cards/Lifestyle-and-Graphic/ai-ethics.jpg?h=280&w=664&la=en&hash=BBD0E57A2607F92DB4BFFF999B589246" class="brand-card__media media__ratio--wide" loading="lazy" alt="ai-ethics" /> <div class="brand-card__content"> <span class="brand-card__content-category">Market Integrity Insights</span> <h4 class="brand-card__content-title">AI in Investment Management: Ethics Case Study Part II</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">18 Oct 2024</span> In this post, Jon Stokes reveals how well you applied the Codes and Standards to analyze the case study presented in Part 1. </div> </div>  </a> </div> </section>   <section id="bottomSection" class=" grid__item--full-width grid__item--inset">  <div class="section__separator"> <h2 class="section__header"> Be Informed </h2> </div>  <div class="flex__container brand-card__container brand-card--contained grid__item--article-body brand-card--horizontal@md flex__container--medium-column-gap flex__container--medium-row-gap" >  <a href="https://store.cfainstitute.org/data-science-for-investment-professionals-certificate/" class="brand-card flex__item" rel="noopener noreferrer" target="_blank" ><img src="/-/media/images/cards/Lifestyle-and-Graphic/DS_Cert__46509__42376.jpg?h=499&w=664&la=en&hash=FD8FAC0C1A9061C75BDBFF7445ADC62E" class="brand-card__media media__ratio--wide" loading="lazy" alt="man-viewing-monitors" /> <div class="brand-card__content"> <span class="brand-card__content-category">Certificate</span> <h4 class="brand-card__content-title">Data Science for Investment Professionals Certificate </h4> <div class="brand-card__content-description"> Gain practical understanding of data science and machine learning applications in the investment process. </div> </div>  </a> </div> <div class="flex__container brand-card__container flex__container--3-up@md flex__container--large-column-gap" >  <a href="https://global.cfainstituteevents.org/event/dc6dcdb9-4aa8-47f8-a122-18852ca9d201/summary?RefId=Enterprise%20Site" class="brand-card flex__item" rel="noopener noreferrer" target="_blank" ><img src="/-/media/images/cards/new-brand-people-at-work/woman-data-science.jpg?h=443&w=664&la=en&hash=66A24800F11A1F1BCF14D2EBCD25DFB4" class="brand-card__media media__ratio--wide" loading="lazy" alt="woman-data-science" /> <div class="brand-card__content"> <span class="brand-card__content-category">Webinar</span> <h4 class="brand-card__content-title">Utilizing Data Science and AI in the Investment Process</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">On-Demand</span> Register to hear investment professionals explore practical applications of data science and AI in investing. Learn essential skills, challenges, and future trends shaping AI-driven investment strategies. </div> </div>  </a>  <a href="/en/research/multimedia/2024/conversations-with-frank-fabozzi-featuring-chakrabarti-narain-sood" class="brand-card flex__item" ><img src="/-/media/images/cards/custom/frank-fabozzi-leaders-in-the-investment-industry.png?h=374&w=664&la=en&hash=3B26ADDED827A1287840573A6405CB3A" class="brand-card__media media__ratio--wide" loading="lazy" alt="Leaders in the investment industry speak with Frank Fabozzi" /> <div class="brand-card__content"> <span class="brand-card__content-category">Video</span> <h4 class="brand-card__content-title">Conversations with Frank Fabozzi, CFA, featuring Manish Chakrabarti, Arpit Narain, CFA, and Anil Sood</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">22 Aug 2024</span> In this episode, Frank Fabozzi, CFA, speaks with three technology leaders in the investment industry about developing and implementing artificial intelligence (AI) responsibly. </div> </div>  </a>  <a href="https://rpc.cfainstitute.org/en/blogpage#q=66636e3bb63907dbf9f7ba64954a396736e4a9ade83cf6047c1fdbbb99fb" class="brand-card flex__item" ><img src="/-/media/images/cards/blogs/2024/how-machine-learning-is-transforming-portfolio-optimization.jpg?h=380&w=664&la=en&hash=CA07A47B7F2695C0D532A07C04C38398" class="brand-card__media media__ratio--wide" loading="lazy" alt="How Machine Learning is Transforming Portfolio Optimization" /> <div class="brand-card__content"> <span class="brand-card__content-category">Enterprising Investor</span> <h4 class="brand-card__content-title">How Machine Learning is Transforming Portfolio Optimization</h4> <div class="brand-card__content-description"> <span class="brand-card__content-meta">5 Sep 2024</span> Using machine learning (ML) algorithms in portfolio optimization is a growing trend to which investors should pay attention. Investors will benefit from a basic understanding of ML algorithms and the impact these algorithms have on their portfolios, writes Jordan Doyle. His article aims to provide an overview of the role ML algorithms play in the portfolio optimization process. </div> </div>  </a> <div class="flex__container brand-card__container flex__container--1-up brand-card--horizontal@md flex__container--medium-column-gap flex__container--medium-row-gap" >  <div class="brand-card flex__item"> <img src="/-/media/images/cards/Lifestyle-and-Graphic/AI-red.jpg?h=301&w=664&la=en&hash=23A695F5281C9B67FF665B89AC0D0AC3" class="brand-card__media media__ratio--wide" loading="lazy" alt="ai-red" /> <div class="brand-card__content"> <h3 class="brand-card__content-title">Driving Digital Transformation: CFA Institute Research and Policy Center Explores Machine Learning and AI Advancements in Investing </h3> <div class="brand-card__content-description"> <p>CFA Institute Research and Policy Center is addressing how big data, machine learning and advancements in natural language processing, understanding, and generation will accelerate the digital transformation of the investment industry. </p> <p>The theme Understanding Technology, Big Data and AI tracks the evolving opportunity set for investment firms and professionals stemming from artificial intelligence (AI), big data, and new analytical tools and technologies. </p> <p>Our research recognizes that the future of the investment industry is one where big data and AI, smart machines and systems, and data analytics will play a more central role in how the world of finance evolves.</p> </div> </div> </div>  </div> </div> </section>  </section> </main>   <footer class="footer"> <div class="footer__preroll"> <div class="footer__preroll-container"> <div class="footer__about"> <h2 class="footer__about-header h3"> About the Research and Policy Center (RPC) </h2> <p class="footer__about-text"> CFA Institute Research and Policy Center is transforming research insights into actions that strengthen markets, advance ethics, and improve investor outcomes for the ultimate benefit of society. </p> <a class="footer__about-cta button" role="button" href="/en/about" > Learn more about the RPC </a> </div> <div class="footer__latest"> <img class="footer__latest-background" srcset="/-/media/images/cta-background/aerial-skyscrapers.jpg?w=720&hash=5FAB353B5F96BEA739BAF4E906BD906F 720w" sizes="100% 720px" alt="aerial skyscrapers view" /> <h2 class="footer__latest-header h3"> Stay informed on the latest from the RPC </h2> <p class="footer__latest-text"> Sign up to get the latest updates from the RPC right to your inbox </p> <a class="footer__latest-cta button" role="button" href="/en/subscribe" > Subscribe here </a> </div> </div> </div> <div class="footer__top"> <div class="footer__logo cfa-font-weight-bold"> <span class="footer__logo-img"></span> </div> <div class="footer__social-links"> <ul> <li> <a href="http://linkedin.com/showcase/research-and-policy-center" rel="noopener noreferrer" title="Linkedin Page" target="_blank" > <span class="footer__social-icon icon icon--social-li"></span> <span class="sr-only">CFA Institute on LinkedIn</span> </a> </li> <li> <a href="http://www.facebook.com/CFAInstitute" rel="noopener noreferrer" title="Facebook Page" target="_blank" > <span class="footer__social-icon icon icon--social-fb"></span> <span class="sr-only">CFA Institute on Facebook</span> </a> </li> <li> <a href="https://twitter.com/cfainstitute" rel="noopener noreferrer" title="Twitter Page" target="_blank" > <span class="footer__social-icon icon icon--social-twitter"></span> <span class="sr-only">CFA Institute on Twitter</span> </a> </li> <li> <a href="http://e.weibo.com/cfainst" rel="noopener noreferrer" title="Weibo Page" target="_blank" > <span class="footer__social-icon icon icon--social-weibo"></span> <span class="sr-only">CFA Institute on Weibo</span> </a> </li> <li> <a href="/en/ICE-Feeds/RPC-Publications-Feed" rel="noopener noreferrer" title="CFA Institute Research and Policy Center RSS" target="_blank" > <span class="footer__social-icon icon icon--social-rss"></span> <span class="sr-only">Research and Policy Center RSS</span> </a> </li> </ul> </div> </div> <div class="footer__bottom"> <div class="footer__links"> <ul> <li> <a href="https://www.cfainstitute.org/" >CFA Institute</a> </li> <li> <a href="https://profile.cfainstitute.org/ContactUs" target="_blank" rel="noopener noreferrer" >Contact Us</a> </li> <li> <a href="https://www.cfainstitute.org/utility/accessibility" >Accessibility</a> </li> <li> <a href="https://www.cfainstitute.org/about/governance/policies/privacy-policy" title="Privacy Policy" >Privacy Policy</a> </li> <li> <a href="https://www.cfainstitute.org/about/governance/policies/terms-conditions" title="Terms and Conditions" >Terms & Conditions</a> </li> <li> <a href="/en/utility/sitemap" title="Sitemap" >Sitemap</a> </li> </ul> </div> <div class="footer__copyright"> © 2024 CFA Institute Research and Policy Center. 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