Over half of asset managers are looking to integrate artificial intelligence into their investment processes, and also recruit expertise in the area, according to a report by Thomson Reuters and Greenwich Associates.
The report entitled Seismic Shifts - The Future of Investment Research from Greenwich Associates and Thomson Reuters surveyed 30 CIOs, portfolio managers and investment analysts globally. Respondents expected artificial intelligence (AI) would become more prevalent in the future with increased use by institutional investors. At the moment, only 17% of firms are actively using AI but 10% have plans to incorporate it in the next 12 months. Clients predict AI to replace 45% of portfolio management roles Looking further ahead, 56% of firms expect to increase the level of AI integratio...
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