How Big Data Can Be Used To Make Profit From Stock Market?

By Author: Rimpy Sharma
Total Articles: 9
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As Indian economy is rising investing in the share market will yield good profits. A common man who want to invest in stock market must have some basic knowledge of how the stock market works otherwise he will suffer huge loss in stock market. One can easily increase their knowledge as there is so much information available on various digital platforms like Google, YouTube, and Blogs on investment etc. There are lots of short term online course available on internet from where a common man can enhance their knowledge on stock market. As there is lot of data generated in stock market trading in every single minute, one can use the power of Big Data technology to make profit in stock market. Companies like Capital IQ, First Rain and evalueserve provide data to hedge funds, Mutual fund managers and other private investors in stock market and these companies charge thousands of dollars for providing data. There are lot of companies which use Big Data tools like Hadoop to determine market sentiments. A retail investor can gain some basic knowledge on these tools by joining any Hadoop Institute in Delhi. One such company is Datasift ...
... that can use twitter, Facebook, and LinkedIn to do a sentiment analysis of the market.
One can use social media algorithms to understand the mood and sentiment of the market. These tools are simple and easy to use and one should only have some basic understanding of how to use these tools but they are way cost effective as compared to buying data from companies. One can join Big Data Hadoop Training in Delhi to get good hands on these analytical tools as they will help him in understanding the mood of the market. Tools are Hadoop are free to use and does not require any high technical skills.