The Role of Deep Learning in Financial Asset Management: A Systematic Review

This review systematically examines deep learning applications in financial asset management. Unlike prior reviews, this study focuses on identifying emerging trends, such as the integration of explainable artificial intelligence (XAI) and deep reinforcement learning (DRL), and their transformative potential. It highlights new developments, including hybrid models (e.g., transformer-based architectures) and the growing use of alternative data sources such as ESG indicators and sentiment analysis. These advancements challenge traditional financial paradigms and set the stage for a deeper understanding of the evolving landscape. We use the Scopus database to select the most relevant articles published from 2018 to 2023. The inclusion criteria encompassed articles that explicitly apply deep learning models within financial asset management. We excluded studies focused on physical assets. This review also outlines our methodology for evaluating the relevance and impact of the included studies, including data sources and analytical methods. Our search identified 934 articles, with 612 meeting the inclusion criteria based on their focus and methodology. The synthesis of results from these articles provides insights into the effectiveness of deep learning models in improving portfolio performance and price forecasting accuracy. The review highlights the broad applicability and potential enhancements deep learning offers to financial asset management. Despite some limitations due to the scope of model application and variation in methodological rigour, the overall evidence supports deep learning as a valuable tool in this field. Our systematic review underscores the progressive integration of deep learning in financial asset management, suggesting a trajectory towards more sophisticated and impactful applications.

On-device edge learning for IoT data streams: a survey

This literature review explores continual learning methods for on-device training in the context of neural networks (NNs) and decision trees (DTs) for classification tasks on smart environments. We highlight key constraints, such as data architecture (batch vs. stream) and network capacity (cloud vs. edge), which impact TinyML algorithm design, due to the uncontrolled natural arrival of data streams. The survey details the challenges of deploying deep learners on resource-constrained edge devices, including catastrophic forgetting, data inefficiency, and the difficulty of handling IoT tabular data in open-world settings. While decision trees are more memory-efficient for on-device training, they are limited in expressiveness, requiring dynamic adaptations, like pruning and meta-learning, to handle complex patterns and concept drifts. We emphasize the importance of multi-criteria performance evaluation tailored to edge applications, which assess both output-based and internal representation metrics. The key challenge lies in integrating these building blocks into autonomous online systems, taking into account stability-plasticity trade-offs, forward-backward transfer, and model convergence.

In-context learning of evolving data streams with tabular foundational models

State-of-the-art data stream mining in supervised classification has traditionally relied on ensembles of incremental decision trees. However, the emergence of large tabular models, i.e., transformers designed for structured numerical data, marks a significant paradigm shift. These models move beyond traditional weight updates, instead employing in-context learning through prompt tuning. By using on-the-fly sketches to summarize unbounded streaming data, one can feed this information into a pre-trained model for efficient processing. This work bridges advancements from both areas, highlighting how transformers' implicit meta-learning abilities, pre-training on drifting natural data, and reliance on context optimization directly address the core challenges of adaptive learning in dynamic environments. Exploring real-time model adaptation, this research demonstrates that TabPFN, coupled with a simple sliding memory strategy, consistently outperforms ensembles of Hoeffding trees across all non-stationary benchmarks. Several promising research directions are outlined in the paper. The authors urge the community to explore these ideas, offering valuable opportunities to advance in-context stream learning.

DFDT: Dynamic Fast Decision Tree for IoT Data Stream Mining on Edge Devices

The Internet of Things generates massive data streams, with edge computing emerging as a key enabler for online IoT applications and 5G networks. Edge solutions facilitate real-time machine learning inference, but also require continuous adaptation to concept drifts. Ensemble-based solutions improve predictive performance, but incur higher resource consumption, latency, and memory demands. This paper presents DFDT: Dynamic Fast Decision Tree, a novel algorithm designed for energy-efficient memory-constrained data stream mining. DFDT improves hoeffding tree growth efficiency by dynamically adjusting grace periods, tie thresholds, and split evaluations based on incoming data. It incorporates stricter evaluation rules (based on entropy, information gain, and leaf instance count), adaptive expansion modes, and a leaf deactivation mechanism to manage memory, allowing more computation on frequently visited nodes while conserving energy on others. Experiments show that the proposed framework can achieve increased predictive performance (0.43 vs 0.29 ranking) with constrained memory and a fraction of the runtime of VFDT or SVFDT.

A Systematic Review on Long-Tailed Learning

Long-tailed data is a special type of multi-class imbalanced data with a very large amount of minority/tail classes that have a very significant combined influence. Long-tailed learning aims to build high-performance models on datasets with long-tailed distributions, which can identify all the classes with high accuracy, in particular the minority/tail classes. It is a cutting-edge research direction that has attracted a remarkable amount of research effort in the past few years. In this paper, we present a comprehensive survey of latest advances in long-tailed visual learning. We first propose a new taxonomy for long-tailed learning, which consists of eight different dimensions, including data balancing, neural architecture, feature enrichment, logits adjustment, loss function, bells and whistles, network optimization, and post hoc processing techniques. Based on our proposed taxonomy, we present a systematic review of long-tailed learning methods, discussing their commonalities and alignable differences. We also analyze the differences between imbalance learning and long-tailed learning approaches. Finally, we discuss prospects and future directions in this field.

Aequitas Flow: Streamlining Fair ML Experimentation

Aequitas Flow is an open-source framework for end-to-end Fair Machine Learning (ML) experimentation in Python. This package fills the existing integration gaps in other Fair ML packages of complete and accessible experimentation. It provides a pipeline for fairness-aware model training, hyperparameter optimization, and evaluation, enabling rapid and simple experiments and result analysis. Aimed at ML practitioners and researchers, the framework offers implementations of methods, datasets, metrics, and standard interfaces for these components to improve extensibility. By facilitating the development of fair ML practices, Aequitas Flow seeks to enhance the adoption of these concepts in AI technologies.

A Neuro-Symbolic Explainer for Rare Events: A Case Study on Predictive Maintenance

Predictive Maintenance applications are increasingly complex, with interactions between many components. Black box models are popular approaches based on deep learning techniques due to their predictive accuracy. This paper proposes a neural-symbolic architecture that uses an online rule-learning algorithm to explain when the black box model predicts failures. The proposed system solves two problems in parallel: anomaly detection and explanation of the anomaly. For the first problem, we use an unsupervised state of the art autoencoder. For the second problem, we train a rule learning system that learns a mapping from the input features to the autoencoder reconstruction error. Both systems run online and in parallel. The autoencoder signals an alarm for the examples with a reconstruction error that exceeds a threshold. The causes of the signal alarm are hard for humans to understand because they result from a non linear combination of sensor data. The rule that triggers that example describes the relationship between the input features and the autoencoder reconstruction error. The rule explains the failure signal by indicating which sensors contribute to the alarm and allowing the identification of the component involved in the failure. The system can present global explanations for the black box model and local explanations for why the black box model predicts a failure. We evaluate the proposed system in a real-world case study of Metro do Porto and provide explanations that illustrate its benefits.

Super-Resolution Analysis for Landfill Waste Classification

Illegal landfills are a critical issue due to their environmental, economic, and public health impacts. This study leverages aerial imagery for environmental crime monitoring. While advances in artificial intelligence and computer vision hold promise, the challenge lies in training models with high-resolution literature datasets and adapting them to open-access low-resolution images. Considering the substantial quality differences and limited annotation, this research explores the adaptability of models across these domains. Motivated by the necessity for a comprehensive evaluation of waste detection algorithms, it advocates cross-domain classification and super-resolution enhancement to analyze the impact of different image resolutions on waste classification as an evaluation to combat the proliferation of illegal landfills. We observed performance improvements by enhancing image quality but noted an influence on model sensitivity, necessitating careful threshold fine-tuning.

S+t-SNE -- Bringing dimensionality reduction to data streams

We present S+t-SNE, an adaptation of the t-SNE algorithm designed to handle infinite data streams. The core idea behind S+t-SNE is to update the t-SNE embedding incrementally as new data arrives, ensuring scalability and adaptability to handle streaming scenarios. By selecting the most important points at each step, the algorithm ensures scalability while keeping informative visualisations. Employing a blind method for drift management adjusts the embedding space, facilitating continuous visualisation of evolving data dynamics. Our experimental evaluations demonstrate the effectiveness and efficiency of S+t-SNE. The results highlight its ability to capture patterns in a streaming scenario. We hope our approach offers researchers and practitioners a real-time tool for understanding and interpreting high-dimensional data.

Unveiling Group-Specific Distributed Concept Drift: A Fairness Imperative in Federated Learning

In the evolving field of machine learning, ensuring fairness has become a critical concern, prompting the development of algorithms designed to mitigate discriminatory outcomes in decision-making processes. However, achieving fairness in the presence of group-specific concept drift remains an unexplored frontier, and our research represents pioneering efforts in this regard. Group-specific concept drift refers to situations where one group experiences concept drift over time while another does not, leading to a decrease in fairness even if accuracy remains fairly stable. Within the framework of federated learning, where clients collaboratively train models, its distributed nature further amplifies these challenges since each client can experience group-specific concept drift independently while still sharing the same underlying concept, creating a complex and dynamic environment for maintaining fairness. One of the significant contributions of our research is the formalization and introduction of the problem of group-specific concept drift and its distributed counterpart, shedding light on its critical importance in the realm of fairness. In addition, leveraging insights from prior research, we adapt an existing distributed concept drift adaptation algorithm to tackle group-specific distributed concept drift which utilizes a multi-model approach, a local group-specific drift detection mechanism, and continuous clustering of models over time. The findings from our experiments highlight the importance of addressing group-specific concept drift and its distributed counterpart to advance fairness in machine learning.