Finance reimagined: Mastering machine learning The advent of machine learning (ML) has ushered in a new era in the financial industry, prompting a significant shift from traditional methodologies to sophisticated data-driven systems. This article presents a comprehensive understanding of the crucial role machine learning plays in finance, emphasizing the necessity for
How computers add value to business: Modeling & decision-making The earliest computers performed relatively simple tasks, such as tabulating and organizing numbers and basic calculations using simple mathematics. To perform more advanced functions, computers require more advanced math. Understanding the mathematical concepts and methods that underline computing applications such as
Big data defined: IoT, three Vs, uses, role in AI Big Data has become a major buzzword in the past few years as we have collected more and more information about a wide range of objects, processes, people, and things. This is due to both the increase in available computing
The Individual Accountability Framework (IAF): Enhancing accountability in Financial Services In today's evolving financial landscape, the need for robust accountability measures has become increasingly apparent. To address this, the Central Bank of Ireland has introduced the Individual Accountability Framework (IAF), a comprehensive set of regulations aimed at enhancing governance, performance, and accountability in the
What is the Sustainable Finance Disclosure Regulation? In March 2021, the European Union's Sustainable Finance Disclosure Regulation (SFDR) came into force. The SFDR is designed to help institutional asset owners and retail clients understand, compare, and monitor the sustainability characteristics of investment funds by standardizing sustainability disclosures. Under the SFDR, firms must make
What are ferrous metals? Supply and demand, trading, and hedging explained A ferrous metal is any opaque, fusible, ductile, and lustrous substance that is a good conductor of electricity and heat, forms cations by loss of electrons, and yields basic oxides and hydroxides; especially one that is a chemical element as distinguished from an
What are petrochemicals? Petrochemicals – sometimes abbreviated as "petchems" – are a set of chemical compounds that fuel a wide array of products that are integral to modern economies and societies. A petrochemical, in the strictest sense, refers to a chemical manufactured or derived from crude oil and natural gas, as distinct from fuels. Petrochemicals,
What are the different types of commodities? Commodities – and the markets where they are traded – are vital to the proper functioning of a modern economy. This article describes the different commodity groups that are bought and sold globally. Commodities are omnipresent in everyday life, from the food we eat to the homes we
Crude oil explained: What it is and its characteristics Despite the growth in sustainability concerns and the emergence of renewable energy and other green initiatives, crude oil remains central to the functioning of modern economies. It continues to hold the largest share of the world's energy mix and powers most forms of transport through
Gold: Demand, supply, and price explored A precious metal is a rare metallic chemical element of high, durable economic value. Precious metals are very malleable, highly resistant to corrosion, excellent reflectors of light, and very conductive to heat and electricity. Precious metals were historically important as currency but are now primarily regarded as investment and
