Microsoft polled 700 executives across industries for their “State of Tech Intensity 2019” study. “Tech Intensity” is defined as the applied use of a creative, entrepreneurial mindset to invent new digital capabilities using advanced technologies such as AI and IoT. Key findings from the study: Every company is becoming a tech company: 73% of companies …
BCG in an Asset Management outlook for the next ten years identified a number of megatrends to be aware of and work with, none of them new but all of them looked at from an interesting angle. Click here for the full report on their site. Megatrends for the next decade: Active vs passive vs …
BCG Asset Management Outlook – Fees, Tech, EMs, ESG and Fewer Winners Read More »
AQR‘s Portfolio Solution Group this week published a short but important research study on whether Machine Learning can be useful for asset management. The executive summary states that research into ML for asset managment is just in its infancy, but that early evidence suggests that ML tools can potentially improve investment portfolios, with application of …
Harvard Business Review this week did a 36-minute podcast with Accenture’s CTIO Paul Daugherty on how to embed AI in business. Daugherty last year wrote “Human + Machine: Reimagining Work in the Age of AI”. The discussion for HBR touched on: General-purpose tech Data and AI The Trust Age Regulation and Innovation
Autonomous Research’s London-based NEXT unit, which focused on FinTech and the future of finance, predicts cost savings of 22% for financial services firms globally by 2030, totaling $1 trillion. The graphs above show a breakdown across banking, investment management and insurance, as well as front-, middle- and back-office. AR calls the outcome of AI applied …
JP Morgan and Microsoft this week announced a strategic partnership to accelerate the adoption of enterprise blockchain. JP Morgan’s Quorum, an enterprise-focused version of Ethereum, will be the first distributed ledger platform available through Microsoft’s Azure Blockchain service, so their customers can build and scale blockchain networks in the cloud. Based on Ethereum, Quorum is …
JP Morgan and Microsoft Announce Strategic Blockchain Partnership Read More »
BlackRock‘s Chief Engineer and Head of the Aladdin Product Group (APG), Jody Kochansky, in a blog last spring wrote about „the promise of AI and what it means to BlackRock.“ His topics included how the firm already is using AI today, such as superior insights following the explosion of unstructured data, AI‘s ability to enhance …
In a new collaboration, IBM and Thomson Reuters will offer financial institutions access to an AI-Powered RegTech Solution. According to a press release, the service will be delivered through the IBM Cloud with real-time financial data from thousands of sources, backed by domain knowledge from IBM consulting subsidiary Promontory Financial Group. Promontory was founded in …
IBM and Thomson Reuters Launch AI-powered Real-Time RegTech Compliance Solution Read More »
Andreessen Horowitz last month filed papers to turn the 10-year-old VC firm into a registered investment advisor, RIA, to invest more broadly and more flexibly. Forbes in a feature called it “Andreesen Horowitz is blowing up the venture capital model (again)”. a16z, as the firm is also known, was one of the AI/tech investing pioneers, …
Data as the new oil, and how data-rich industries such as financial services can tap into their noisy liquid gold. A recent in-depth Accenture study addresses the challenges for financial services on the road to AI adoption, especially cultural and how to become comfortable with the robustness of modeling techniques. Access the full report on …
Accenture: Challenges for Financial Services in ML/AI Adoption Read More »