All Insights|Future Nexus
fintechJanuary 23, 2019

Shortage of Data Scientists has Firms Looking at Crowdsourcing

According to data from LinkedIn there are more than 150,000 data scientist jobs that employers were unable to fill; the shortage of workers has financial firms looking at crowdsourcing as a potential option; American Bankers looks at two hedge funds working on this solution; Quantopian and Numerai crowdsource ideas from data scientists around the world; the funds use contents or tournaments to have individuals build models that forecasts an idea; without knowing the performance of the funds it is hard to know how effective this idea can be. Source.