3 years ago

Category: Software, Business, Data, Microsoft, Kubernetes, Infrastructure, artificial-intelligence

If an open source project like Kubernetes can change the entire cloud computing industry within five years, then open source could change how the financial industry makes investment decisions around climate change as well — and do it fast. LFCF aims to build an open source data analytics platform that uses artificial intelligence and machine learning in the cloud to crunch the massive amounts of data that investors need to calculate the climate risks and opportunities in their portfolios.

The goal is to integrate the various pieces of software and open data to develop a platform on which financial companies can build commercial tools for assessing risk and opportunity in their investments.

The rise of data science and its supporting infrastructure is one reason that financial firms have begun to take more interest in open source in recent years, Semans said.

Part of our evangelism is to bring that same uptick [in open source use] to the front office, to the investment professionals, analysts and the like,” Semans said.