How Big Data is changing the Forex Landscape

Today’s business and financial markets are driven by a number of technological trends, from machine learning and artificial intelligence (AI) to big data. Interestingly, the lines between these trends are also becoming increasingly blurred, with big data playing a particularly prominent role in AI applications across the globe. The big data analytics market is also set to reach a staggering $103 billion by 2023, while it’s estimated that poor data quality costs the US economy alone up to $3.1 trillion on an annual basis. With these points in mind, it’s no surprise that big data has begun to have a significant influence on the world’s financial markets. But how is big data changing the forex landscape and why is this important for traders?