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Technology is transforming economies as businesses and industries move towards adopting advanced solutions such as digital payments, online banking, and cashless transactions. Digital technology in capital markets is changing the market operations.
In fact, the technological progress in capital markets is offering the opportunities to boost flexibility, scale efficiencies and reduce complexity in how the markets operate. The impact of disruptive technology on capital markets is as significant as fire was to the cavemen.
Well, the new technology-aided solutions are only adding to the human capacities in the capital market scenario. Today, machine learning and artificial intelligence are part of financial institutions among other aspects like investment trading. The technology here is not a replacement for the human brain, but is a tool to make it even smarter.
In a nutshell, it is time that leaders in the industry embrace these new-age technologies which are further going to transform the capital markets ecosystem in the upcoming years. Data and analytics are among key enablers for technology-driven changes in the capital markets. At the same time, the advancements in machine learning and artificial intelligence enables predicting abnormal market risks, events and detecting market abuse. Therefore, the way forward is to leverage technology and apply it in creative ways to develop the markets.
(Prabhakar Tiwari is Chief Growth Officer at Angel Broking. Views are his own)
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)
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3 Comments on this Story
Bankrupt Society5 hours ago Unlike production systems, trading is zero sum game, if everyone gets smarter in a zero sum game, then it is of no value to anyone. Maybe the fulltimer fraudsters will use the technology to rob the part time investors like me. | |
Rohan Poladia6 hours ago again, just a fancy way to sell new products and attract clients. | |
Viswanath P11 hours ago Well Mr.Tiwari how much did you make in the fall street using these high tech inputs? |