The future trends are illustrated by two case studies. The first descr — Machine learning

"Machine learning can be broadly defined as computational methods using experience to improve performance or to make accurate predictions. Here, experience refers to the past information available to the learner, which typically takes the form of electronic data collected and made avalaible for analysis. This data could be in the form of digitized human-labeled training sets, or other types of information obtained via interactin with the environment. In all cases, its quality and size are crucial to the success of the predictions made by the learner."

"Thanks to the recent advances in processing speed, data acquisition and storage, machine learning (ML) is penetrating every facet of our lives, and transforming research in many areas in a fundamental manner. Wireless communications is another success story — ubiquitous in our lives, from handheld devices to wearables, smart homes, and automobiles. While recent years have seen a flurry of research activity in exploiting ML tools for various wireless communication problems, the impact of these techniques in practical communication systems and standards is yet to be seen."

"Years after Simonss team at Renaissance adopted machine-learning techniques, other quants have begun to embrace these methods. Renaissance anticipated a transformation in decision-making thats sweeping almost every business and walk of life. More companies and individuals are accepting and embracing models that continuously learn from their successes and failures. As investor Matthew Granade has noted, Amazon, Tencent, Netflix, and others that rely on dynamic, ever-changing models are emerging dominant. The more data thats fed to the machines, the smarter theyre supposed to become."