•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Komfie Manalo, Opalesque Asia:

Humans will not step out of the way and let the machine drive the entire decision process, nor will at some point everything be fully turned over to a machine - at least not within the current generation. That is the belief of Scott Billington, co-founder of Covenant Capital Management.

Speaking at the latest Opalesque 2017 Chicago Roundtable, Scott said that a scenario wherein everything is fully controlled by machines will not happen in our generation. Although he said there is a wide gap in perception between the older generation and the millennials regarding the use of technology.

He explained, "There is an ease with which younger people deal with machines because as digital natives they have been much more intimate with technology in their lives than our generation." However, he added that the fundamental questions we should be asking are if machines could eventually eviscerate every potential market edge? Or if there are even market edges that a machine could pick up.

In trading, Billington said that the AI approach assumes that there are inefficiencies that a machine could learn as well as certain anomalies and things that can be predicted from whatever inputs there are.

Whether it's an issue of price or fundamental inputs, he said there has to be something that a machine could evaluate......................

To view our full article Click here