HOW AI WILL TRANSFORM INVESTMENT

GREAT MINDS

APPLY I NG ART I F I C I AL I NTELL I GENCE TO ASSET MANAGEMENT

Highlights

Artificial intelligence is widely talked about in financial services. But, arguably, the industry still lags behind other sectors – particularly technology giants such as Amazon, Google, Netflix, Apple and Facebook – in putting artificial intelligence (AI) applications to work. Funds Europe , in association with Caceis, surveyed the industry to assess what the future holds for asset management firms intending to apply AI. • 80% of respondents said that artificial intelligence and data engineering are tools that all investment managers will use in the future. • 66% said that AI will deliver benefits across the front, middle and back office. • The major impediments to applying AI are a lack of maturity in the technology and a lack of existing use cases that demonstrate how it can be applied. • 24% said key decision-makers still fail to understand how AI will bring value to customers. • 40% of respondent firms have already started their AI research and development projects, while 11% said that they will be launching their AI projects in the next 12 months.

A total of 270 funds professionals participated in the online survey. See ‘survey methodology’ (page 21) for more information.