Are investment managers ready for Artificial Intelligence?
Having missed the first wave of AI adoption, investment managers find themselves playing catch up
Add BT as a preferred sourceONLY 10 per cent of fund managers or analysts have used AI or Machine Learning in the past year, according to a 2019 CFA Institute survey of the adoption of Artificial Intelligence (AI) in the investment management industry.
People may wonder why investment managers are late adopters of AI. After all, we have seen many other industries recruit data scientists and engineers. It is doubly intriguing when we consider that fund managers are supposed to keep abreast of the latest trends, and most would agree that AI has significant potential to affect the value of the companies they invest in. Why then the hesitation in adopting AI?
The first wave of AI adoption
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