Databases Used by Robo-Advisors (Infographics)

Vasyl Soloshchuk

Databases beyond robo-advisors

Robo-advisors’ functioning is based on algorithms that allow platforms to suggest investment strategies based on large amounts of data which is received from different sources. Thus, robo-advisors use various data types; all this data should be collected, stored, secured, transformed, analyzed, and reported.

MySql is most commonly used by robo-advisors. However, …

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