TheMathWorks survey reported that 82 percent through slow model development will result in firms lacking the agility to respond to market changes, and 74 percent believed it would result in ineffective risk management.
Although financial firms think their models are an important part of their success, development and deployment of new models is often bogged down in bureaucracy, according to survey results released today by MathWorks, the UK developer of MATLAB and Simulink.
MathWorks suggests some ways to speed the process of model integration, including taking models directly into production rather than recoding them, and rationalizing the development and implementation process.