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by chollida1
3068 days ago
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People who know how to clean and work with large disparate datasets. I guess its not surprising given how Jim Simons of Renaissance Technologies fame indicated that of his first 10 employee's almost half were cleaning data. It's alot more difficult than people realize and you know right away that someone has no real idea of the scale and difficulty of the problem when they suggest that a shell script can solve most of the data issues. I think Renaissance Technologies actually illustrates just how much a good data cleaning and back testing platform is a real competitive advantage. A couple of former RenTech people left for Millennium partners and for a couple of years. Even though these employees were good enough to work at RenTech and had insights into the strategies employed there, they weren't able to be successful on their own without the huge backtesting and data cleaning framework at RenTech. |
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