Tag: entrepreneurship
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The Challenges of Building Cutting-Edge Financial Technology
Introduction: As many of you know, building something meaningful takes time. It’s not just about having a vision but executing it with precision. When it comes to developing Pythia, our upcoming predictive analytics application, we’ve hit some bumps along the way—most recently, a server migration that has set us back at least a month. But…
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Happy 4th!!!
So much is changing so quickly there is no room to worry. Regarding Pythia®… We are still weeks from testing and months from release of our predictive analytics application. We have plenty to do and have internalized no deadlines! Keep moving…
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Who Shall Possess the Tripod?
Development to Deployment: The Journey of Pythia Octaeteris – Eight years later, on our eleventh anniversary, Pythia® is taking form. Our goal is to build an application that produces better financial decision making and outcomes using behavioral finance concepts. We’ve gone through periods of interviewing developers to identify costs, seeking funding, and feeling like this…
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The Power Duo: Quantitative and Qualitative Analytics
Quantitative vs. Qualitative Analytics: The Power DuoPredictive analytics in finance has traditionally been dominated by quantitative data — numbers, charts, and statistical models. However, the true potential is unlocked when this data is combined with qualitative insights: news articles, market sentiment, and expert opinions. Pythia seamlessly blends these approaches. By incorporating both quantitative precision and…
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(“Hello, World!”)
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Behavioral Finance Primer
Definitions Notable Names in Behavioral Finance 33 Biases; Cognitive, Emotional and Social Any of the 33 abive of hundreds of biases classified can affect decision-making processes and behavior in financial contexts, leading to less than optimal financial outcomes. Recognizing these biases is the first step toward mitigating their effects. Predictive Analytics Predictive analytics harnesses vast…
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23 In Review
Happy New Year! I’d just like to share what a positive year 2023 was for me personally, offering some chaos, growth, fresh starts and new beginnings. Being committed to lifelong learning we made a great investment of time in education last year and are on good footing in a very fast paced and exciting environment.…
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The Great Wealth Transfer, Inequality and Preparing Heirs
The Great Wealth Transfer refers to a predicted transfer of wealth mainly from baby boomers (those born 1946-1964) to millennials and Gen Z households (HH). As younger generations are prepared to inherit this wealth we might expect significant changes in economic and social dynamics. According to the 2022 Global Wealth Report published by Credit Suisse,…
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Predictive Analytics and Artificial Intelligence in Financial Services
Predictive Analytics: the use of data to predict future trends and events. It uses historical data to forecast potential scenarios that can help drive strategic decisions (What is Predictive Analytics? – Harvard Busines School) Generative AI: any AI system whose primary function is to generate content; This is in contrast to AI systems that perform…
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Decision Fatigue
With so much chaos and uncertainty I thought it best to suggest a reading this evening from Federal Reserve Bank of Atlanta President and CEO, Raphael Bostic. Inflation Fight Is On Track, but the Path to 2 Percent Could Be Bumpy