Financial institutions have a natural desire to predict the volume, volatility, value or other parameters of financial instruments or their derivatives, to manage positions and mitigate risk more effectively. They also have a rich set of business problems (and correspondingly large datasets) to which it’s practical to apply machine learning techniques.
This month we released several new features in beta, including query scheduling, new BigQuery ML models and functions, and geospatial types and queries. We also released the ORC ingest format into GA. Let’s take a closer look at these features and what they might mean for you.
In this article, I’ll walk you through the process of building a machine learning model using BigQuery ML. As a bonus, we’ll have the chance to use BigQuery’s support for spatial functions. We’ll use the New York City taxicab dataset, with the goal of predicting taxi fare, given both pick-up and drop-off locations for each ride — imagine that we are designing a trip planner.
In this month’s installment of What’s Happening in BigQuery, we’re sharing new features intended to make your life easier: some make BigQuery more performant and more cost effective, while others, like BigQuery ML, enable groundbreaking analysis tools in a cloud data warehouse that’s a first of its kind. First off, we just finished Next ‘18, our annual event focused on all things cloud.
