The use of artificial intelligence (AI) in investment management is increasing rapidly. Tools such as natural language processing, image and voice recognition software, and machine learning algorithms are being adopted across the investment management spectrum: in portfolio management, risk management, trading and investment advice.
This is causing profound disruption to traditional business models and investment processes that have shaped the industry for so long, and there is increasing demand to adopt these technologies at greater scale. As a result, the global market for the use of AI in asset management is expected to be worth $13.4bn by 2027, with a predicted compound annual growth rate of 37% between 2020 and 2027.
