Less Noise but More Money in Data Science

Posted by petethomas on Tuesday April 28, 2015 @10:58AM
from the bits.blogs.nytimes.com dept.

http://bits.blogs.nytimes.com/2015/04/28/less-noise-but-more-money-in-data-science/

( 6 comments | 37 points | on HN )

Re:Less Noise but More Money in Data Science by cymetica on Tuesday April 28, 2015 @04:38PM (#9455004)

One of the areas that data science can have the greatest impact in terms of money connects to data science applied to hedge fund and other financial trading efforts.

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Re:Less Noise but More Money in Data Science by gjm11 on Tuesday April 28, 2015 @06:35PM (#9455501)

Surely hedge funds and other financial trading efforts have been doing data science since long before it was called data science.

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Re:Less Noise but More Money in Data Science by barce on Tuesday April 28, 2015 @07:23PM (#9455700)

By at least a few centuries. I found this tidbit on candlestick charts in Wikipedia: http://en.wikipedia.org/wiki/Homma_Munehisa It turns out that sort of chart was invented in the 18th century.

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Re:Less Noise but More Money in Data Science by xasos on Wednesday April 29, 2015 @10:05AM (#9458297)

The term "data science" was coined fairly recently by Jeff Hammerbacher (Cloudera) and DJ Patil (White House) [1]

[1] http://www.forbes.com/pictures/lmm45emkh/2-jeff-hammerbacher...

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Re:Less Noise but More Money in Data Science by cymetica on Tuesday April 28, 2015 @07:25PM (#9455705)

Or knowledge discovery, data mining, data analytics I suppose.

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Re:Less Noise but More Money in Data Science by collyw on Wednesday April 29, 2015 @04:35AM (#9457054)

Yes, was it not "data warehousing", "data mining", or "stats" before?

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