Metis Corporate Training Senior Data Scientist Javed Ahmed joined a panel of banking industry executives to discuss the pressure fintech and big technology companies place on traditional banks in the race to develop AI tools. The panel advised that fintechs will lead to AI innovation, thanks to their tendency not to face the internal red tape often found at these legacy organizations. The panel discussion was covered in the Wall Street Journal, where Javed is quoted as saying:
"When it comes to offering lending services, many fintech firms tout their digital-first approach and willingness to consider alternative data, such as utility bill history, that traditional banks may not. Those factors – as well as their appeal to younger customers and the rise of e-commerce prompted by the pandemic – are likely to help boost the market share of fintech companies."
In Burtch Works' annual report, Salaries of Data Scientists & Predictive Analytics Professionals 2020, get a comprehensive look at salary data, demographic information, and hiring marketing analysis for data science and predictive analytics leading up to and during the ongoing pandemic.
Despite this rollicking bull market, there is such a thing as the business cycle. And whether you’re a data practitioner or an MBA, it’s worth taking your time to understand what drives its ebbs and flows. Read Data Scientist Tony Yiu's latest post here.