Big data in finance: Evidence and challenges

I review the literature on the use of big data sets in finance. While big data and machine learning are exciting fields, there is a danger that we get carried away by the novelty of the topics but pay less attention to the reliability of the academic evidence. Following my review, I argue that big d...

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Main Author: Avanidhar Subrahmanyam
Format: Article
Language:English
Published: Elsevier 2019-12-01
Series:Borsa Istanbul Review
Online Access:http://www.sciencedirect.com/science/article/pii/S2214845019302650
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author Avanidhar Subrahmanyam
author_facet Avanidhar Subrahmanyam
author_sort Avanidhar Subrahmanyam
collection DOAJ
description I review the literature on the use of big data sets in finance. While big data and machine learning are exciting fields, there is a danger that we get carried away by the novelty of the topics but pay less attention to the reliability of the academic evidence. Following my review, I argue that big data-based evidence should be held to the same academic standards as the rest of the finance academic literature if we are to provide useful advice to finance practitioners. JEL classification: G12, G14, G40
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spelling doaj.art-9bf38b4934f54fa4b98c1e2ee09228f62022-12-22T03:24:21ZengElsevierBorsa Istanbul Review2214-84502019-12-01194283287Big data in finance: Evidence and challengesAvanidhar Subrahmanyam0Anderson School, UCLA, Los Angeles, CA, 90095-1481, USAI review the literature on the use of big data sets in finance. While big data and machine learning are exciting fields, there is a danger that we get carried away by the novelty of the topics but pay less attention to the reliability of the academic evidence. Following my review, I argue that big data-based evidence should be held to the same academic standards as the rest of the finance academic literature if we are to provide useful advice to finance practitioners. JEL classification: G12, G14, G40http://www.sciencedirect.com/science/article/pii/S2214845019302650
spellingShingle Avanidhar Subrahmanyam
Big data in finance: Evidence and challenges
Borsa Istanbul Review
title Big data in finance: Evidence and challenges
title_full Big data in finance: Evidence and challenges
title_fullStr Big data in finance: Evidence and challenges
title_full_unstemmed Big data in finance: Evidence and challenges
title_short Big data in finance: Evidence and challenges
title_sort big data in finance evidence and challenges
url http://www.sciencedirect.com/science/article/pii/S2214845019302650
work_keys_str_mv AT avanidharsubrahmanyam bigdatainfinanceevidenceandchallenges