Is Big Data the Key to Bigger Investment Returns?

BlackRock, Schroders, BNY Mellon, and a host of other fund management groups are looking at ways to harness ‘big data’ to improve their investment returns

Cherry Reynard 23 February, 2018 | 11:06AM

Big data is driving investment decisions including data on traffic cars in Shanghai China

The world’s largest asset manager, BlackRock, announced this week that it is setting up a new centre for research into artificial intelligence. The lab, based in the heart of Silicon Valley, is part of the group’s Tech 2020 plan and demonstrates how active fund managers are aiming to harness technology to improve fund performance and lower costs at a time when both are under scrutiny.

This is the latest of BlackRock’s forays into technology. It already gleans insights from variuos sources, including analysing traffic through corporate websites, text analysis of earnings calls transcripts, and looking at smartphone geolocation data to see where people are shopping.

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About Author

Cherry Reynard

Cherry Reynard  is a financial journalist writing for Morningstar.co.uk.

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