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(Credit: Michael Lee/ZDNet Australia)
NICTA senior researcher Rami Makhtur demonstrates how an army of analysts, only affordable for large trading firms or similar, can be replaced by software that provides greater insight into data. While this data might come in the form of huge datasets, the software also runs on the provider's back-end systems, meaning that smaller trading firms would be able to have access to these insights without having to worry about the infrastructure.
The idea of analysing big data isn't restricted to securities, however. NICTA could potentially apply it to any area with large amounts of unstructured data including keyword analysis or audio analysis.