Applying Artificial Intelligence For Stock Picking
Outlook Money|March 2018

In this digital age, stock picking cannot be done the way it was in the industrial era. Malini Bhupta finds out how IDFC AMC is using AI and machine learning to not only pick stocks but even time exits

Malini Bupta
Applying Artificial Intelligence For Stock Picking

Technology has totally redefined the way we live, entertain ourselves, and purchase products & services. But when it comes to investment strategies, we don’t necessarily rely on technology tools to understand stocks better. IDFC Asset Management Company (IDFC AMC) has decided to challenge the existing stock picking model by deploying technology tools and algorithms to construct its long-only discretionary portfolio scheme called Neo Equity.

In computer science, artificial intelligence (AI), or machine intelligence research, is defined as the study of intelligent agents. Essentially, machines are now able to mimic the human mind and process information and take intelligent decisions. The only difference is that while humans may be able to process a finite quantity of data, machines are now able to process a lot more data and come up with correlations that the average human mind can’t.

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