DailyDirt: Making Money The Old-Fashioned Way... By Algorithms

from the urls-we-dig-up dept

People are changing the way they make decisions now that technology can help them crunch more numbers than ever before. Instead of just going with a gut instinct, decisions can be based on all kinds of random data analysis (for better or worse). Big data is a popular trend, and more and more successful examples of data mining for profit seem to get publicized every day. But are we only looking at the winning combinations and ignoring the losers? Here are just a few examples of algorithms that might be making some money. If you'd like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post via StumbleUpon.
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Filed Under: algorithm, artificial intelligence, big data, data mining, gigo, poker, simulation, venture capital


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  • identicon
    Anonymous Coward, 6 Nov 2013 @ 6:04pm

    VCs and the NSA seem to have some common traits...

    reply to this | link to this | view in chronology ]

  • identicon
    Lawrence D'Oliveiro, 6 Nov 2013 @ 10:22pm

    As JMK Said ...

    ... “The markets can remain irrational longer than you can remain solvent”.

    reply to this | link to this | view in chronology ]

    • identicon
      Lake City Dental, 7 Nov 2013 @ 1:34pm

      Re: As JMK Said ...

      This is true, and not to sound too far-fetched, but on a large enough scale even irrationality can become rational. That is to say, these algorithms can comprehend things at a much larger scale than we can, and at a certain point the random scattering of data can begin to make a SEEMINGLY predictable pattern.

      reply to this | link to this | view in chronology ]

  • identicon
    Indy, 7 Nov 2013 @ 12:43pm

    feedproxy for RSS feeds?

    Disappointing techdirt (and I noticed ars aalso) is using feedproxy for RSS feeds. Feedproxy is labeled as tracking its users. Ghostery blocks.

    This will mean fewer visits to techdirt, overall, for me.

    reply to this | link to this | view in chronology ]


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