Whether you believe that Artificial Intelligence (AI) is set to take over the world by this time tomorrow or that we will have to wait a little longer, one thing appears to be certain: this world-changing technology has already started to disrupt those industries that rely on fast-paced dynamic pricing.
The example of what happened in the financial markets looms large here.
In a matter of a few years, algorithmic trading took the financial markets by storm. And that was even before ‘AI’ became the buzzword on everyone’s lips.
Some quantitative finance pioneers struck gold by entrusting decision making to ‘black box’ smart models, capable of placing trades autonomously after being fed huge amounts of…