“Machine learning is transforming investment strategies for asset managers”

“Machine learning is transforming investment strategies for asset managers” 

Commentary by Gary Brackenridge, Global Head of Asset Management, Linedata on CNBC.

  • The asset management industry is vulnerable to disruption by artificial intelligence but advisors should embrace the trend, not fear “robotic replacement.”
  • AI and machine learning are making inroads as asset managers realize that the ability to extract value from big data is going to be a key differentiator.
  • Asset managers who can overcome “algorithm aversion” and pair AI strengths with their own will outpace less savvy competitors.

Read full article here