Bank of America uses R for reporting

[This article was first published on Revolutions, and kindly contributed to R-bloggers]. (You can report issue about the content on this page here)
Want to share your content on R-bloggers? click here if you have a blog, or here if you don't.

A recent FastCoLabs article, “The 9 Best Languages For Crunching Data“, starts its list with the R language:

It would be downright negligent to start this list with any language other than R. It has been kicking around since 1997 as a free alternative to pricey statistical software, such as Matlab or SAS.

But over the past few years, it’s become the golden child of data science–now a household name not only among nerdy statisticians, but also Wall Street traders, biologists, and Silicon Valley developers. Companies as diverse as Google, Facebook, Bank of America, and the New York Times all use R, as its commercial utility continues to spread.

The article reveals yet another company using R: Bank of America. Journalist Anna Nicolaou interviewed a vice president there:

[R is] also catching on on Wall Street. Traditionally, banking analysts would pore over Excel files late into the night, but now R is increasingly being used for financial modeling, particularly as a visualization tool, says Niall O’Connor, vice president at Bank of America. “R makes our mundane tables stand out,” he says.

You can read much more about R and the other languages for crunching data, including Python and Julia, at the link below.

FastCoLabs: The 9 Best Languages For Crunching Data 

To leave a comment for the author, please follow the link and comment on their blog: Revolutions.

R-bloggers.com offers daily e-mail updates about R news and tutorials about learning R and many other topics. Click here if you're looking to post or find an R/data-science job.
Want to share your content on R-bloggers? click here if you have a blog, or here if you don't.

Never miss an update!
Subscribe to R-bloggers to receive
e-mails with the latest R posts.
(You will not see this message again.)

Click here to close (This popup will not appear again)