This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Digital Skeptic: Job-Killer Robots Target Analysts Next

NEW YORK ( TheStreet) -- Philip Parker has this to say to the swanky, Wall Street analyst set: You've probably seen your day.

"The process for automating much of what they do is now fully understood," Parker told me during what has to be one of the strangest, most eye-opening phone calls I've had in months.

See, Parker is a professor at

Insead, an international business research and educational organization with offices in New York City, Abu Dhabi and Singapore and other groovy, far-flung spots. Part of his research, he told me, is taking a deep, hard look at the role language plays in helping -- or hurting -- economies around the world.

"When you go into Barnes & Noble (BKS) and look for self-help books in English, you see three aisles. But in French, there are almost none," he said.

That's not because the French are any less self-obsessed than Americans, or even because you are in a U.S. bookstore. Rather, it's because fewer people speak French -- which makes it tougher for businesses to fill niche categories like francophone self-help.

"No publisher can make money selling such small topics," Parker said.

So a decade or so ago, Parker began researching and diagramming the thinking behind language, with an eye toward using computers to automate the creation of print, audio and video content and altering those depressing economics.

And so far, so good.

He's developed several marvelous automatic content tools, including an on-demand weather information translation system used in dozens of languages in Africa and India, as well as a self-writing poetry engine called

Toto Poetry. Back in 2007, he was even awarded a patent for the process of creating, producing and marketing audio, video and print material without all the pesky people.

And what does this machine-learning brain bug have to say about what passes for financial report writing and scholarship here on Wall Street?

"Most of what economists do is very formulaic by nature," he said. "We're getting to the point where we can diagram, program and automate much of it."

That's right, friends, the age of the RoboAnalyst is at hand.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs