Technology has a huge role in financial markets now, but it won't compare to its importance in the year 2039. Over the next 25 years, the evolution of Wall Street will become almost indistinguishable from that of Silicon Valley, and a number of companies are already looking to capitalize on that convergence.
Tibco Sofware founder and CEO Vivek Ranadive has an interesting, and perhaps disturbing vision for how markets will operate in the next quarter century, with a diminishing role for people and an ever-increasing role for machines. He believes that advancements in data consumption and process automation will ultimately lead to financial markets controlled by complex computer programs, or algorithms. In this world, banks as we know them today will cease to exist.
The bank of the future "will be completely virtual," Ranadive said. "It will be completely driven by big data and math."