HOUSE_OVERSIGHT_014371.jpg
Extraction Summary
2
People
3
Organizations
0
Locations
1
Events
0
Relationships
1
Quotes
Document Information
Type:
Conference report page / presentation slide
File Size:
Summary
This document is a single page from a Bank of America Merrill Lynch report on its "2016 Future of Financials Conference" held on November 17, 2016. The page summarizes a panel discussion on the use of big data in financial firms, including a poll showing that 96% of firms were not fully effective in its use. The document contains no information related to Jeffrey Epstein, his associates, or his activities; its only potential connection is the Bates stamp 'HOUSE_OVERSIGHT_014371', suggesting it was part of a larger set of documents produced for a congressional investigation.
Organizations (3)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
Host of the '2016 Future of Financials Conference' and the source of the report.
|
|
| BofA Merrill Lynch Global Research |
Cited as the source for the chart data.
|
|
| House Oversight |
Implied by the Bates stamp 'HOUSE_OVERSIGHT_014371', suggesting the document was part of a collection submitted to a ...
|
Timeline (1 events)
17 November 2016
A panel discussion on 'big data' at the Bank of America Merrill Lynch '2016 Future of Financials Conference'. The discussion covered how big data can influence the future of financial firms, the challenges of implementation, and key roles needed for data science projects.
Unknown
Unnamed Panelists
Unnamed Audience
Key Quotes (1)
"96% of the audience polled said their firm is either somewhat effective or not at all effective at using big data."Source
HOUSE_OVERSIGHT_014371.jpg
Quote #1
Full Extracted Text
Complete text extracted from the document (1,714 characters)
of global markets sales, research, and capital markets technology at Bank of America Merrill Lynch.
- How big data can influence the future: The panel confirmed the notion that there are many different definitions for big data, but everyone seemed to agree almost all financial firms are seeking effective ways to implement big data techniques to 1) generate alpha, 2) manage risk 3) manage expenses.
- Companies polled are a long way from benefitting big data: 96% of the audience polled said their firm is either somewhat effective or not at all effective at using big data. Some of the main challenges the panelists highlighted during our discussion were merging multiple legacy data systems and finding attractive talent with both data science and business experience.
Chart 83: How effective is your firm at using big data?
70%
60%
50%
40%
30%
20%
10%
0%
4%
Fully integrated with the investment and process and operations
39%
Somewhat effective
57%
Not at all effective
60%
50%
40%
30%
20%
10%
0%
4%
Fully integrated with the investment and process and operations
39%
Somewhat effective
57%
Not at all effective
Source: BofA Merrill Lynch Global Research
- The panel discussed three roles needed to solve data science problems: 1) someone who has sway to make change and implement solutions 2) business champion, someone to discuss solutions with technical employees and to share knowledge on key issues such as regulation 3) technically savvy employees.
- Implementation advice: The panel provided advice for firms that have yet to utilize big data to attempt to solve problems facing their companies. The advice included seeking problems that could be solved using data science and focusing on small wins with the data present.
Bank of America
Merrill Lynch
Merrill Lynch
2016 Future of Financials Conference | 17 November 2016 57
HOUSE_OVERSIGHT_014371
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document