We are on the cusp of a revolution. While wealth managers have
used computers to streamline complex analysis and to simplify
customer service, the next wave of computational tools is already
upon us. Artificial intelligence ("AI"), from predictive
analysis to recommendation engines, will soon provide better
decisions, more attentive client service, and a broader customer
base for wealth managers willing to trust them.
Asset managers are already implementing AI into their
businesses. AI includes a class of computer programs that not only
follows a human-chosen algorithm but can learn from ongoing input
and mistakes, improving performance over time. While its ability to
crunch vast and varied numerical inputs has been explored, you may
be surprised by the many ways AI can assist your business.
