Cristina Brizido comments on BlackRock's switch to machines

Cristina Brizido comments on BlackRock's switch to machines

Cristina Brizido is head of Investments at Caixagest in Lisbon, and a member of InvestmentEurope’s Editorial Board.

In April 2017 she commented on the following question:

 Q. Will BlackRock’s announcement of a switch away from stockpickers to reliance on machines and big data for a chunk of its US business set a trend?

A. Advances in technology have led to significant changes in all industries and asset management is no exception. The use of machines and big data is especially relevant in an era of mass production of data.

A balanced view of technology and traditional ideas is always recommended. Signals to not always work, machine learning is not infallible and does not replace human intelligence.

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