Home Artificial Intelligence
Artificial Intelligence (AI) is already here. AI is no longer the stuff of science fiction.
AI is advancing so quickly that that you don’t have the luxury of sitting back and waiting to see what happens. If you do, it will be too late. Most agree that the technology is evolving extremely fast.
The operating environment for funds management firms worldwide continues to undergo sustained transformation. Limited organic growth, volatile capital market returns, and fee and margin compression have created a more challenging context. In this shifting paradigm, technology continues to play a critical role in enabling rapid business transformation, as well as driving opportunities for efficiencies, innovation, and value creation.
The take-up by major funds managers had been rapid but generally still in its infancy.
AI is a disruptive and increasing powerful technology. Some say that its impact on society and the economy will be as great as the industry revolution. That maybe, but it would be hard to find futurist who doesn’t think that the impact of AI will be profound and as significant as the revolutions caused by computer chips and the Personal Computer as well as inventions such as the television the internet and mobile phones.
It is too early to predict with a high degree of confidence how and how much it will impact on the world economy.
What is known with certainty is that AI works 24/7 365 days a year for nothing. AI doesn’t come with the baggage that humans do. AI doesn’t take sick leave, or maternity leave or annual holidays. AI never complains and doesn’t play office politics. AI won’t stab you in the back and always does what you ask it to do without moaning about it.
The main point is that don’t have to pay AI a salary package. Which is why companies will replace humans with AI as soon as they can. Just as robots replaced humans on car production lines, AI will replace humans in many ‘white collar’ jobs especially those that involve repetition.
Not all funds managers are the same. So the impact of AI will vary between managers.
We forecast 8 areas that the impact of AI will be profound:
In summary, AI will help you make better investment decisions, provide better advice, automate many support functions, improve efficiencies, lower costs and increase profits.
AI offers the opportunity of attaining a sustainable competitive advantage. For those businesses who are relatively heavy with costs, AI offers a inexpensive way catching up and exceeding the efficiencies of the leaders.
In summary, AI will help you make better investment decisions, provide better advice, automate many support functions, improve efficiencies, lower costs and increase profits.
AI offers the opportunity of attaining a sustainable competitive advantage. For those businesses who are relatively heavy with costs, AI offers a inexpensive way catching up and exceeding the efficiencies of the leaders.
The benefit of using our consulting services is that we have hands on experience in front, meddle and back office functions. We under stand the role of each person in your firm. We understand how different teams interact with each other and their role within the firm. We understand the roles of your service providers within your firm.
This enables us to spot opportunities in your business to use AI effectively with little risk of creating new problems.
Intrinsic can help you with 1, 2, 3 and 4, above.
See our cyber crime page linked to the page footer, below.