Embrace it or not, artificial intelligence is here to stay and ready to change the business.
It’s evident in research from organizations like Accenture and Broadridge Financial Solutions that advisors are overwhelmingly enthusiastic about the tech, and that industry decision-makers place AI among their top investment priorities.
It’s clear that excitement surrounds the future of automation as deals like the one between female-founded AI fintech CogniCor and Charles Schwab happen at a higher clip with the promise of bringing new tools to RIAs.
It’s understood that for many winning organizations, AI is a big part of the playbook. But how are leaders leveraging the tech successfully, and what are the shortcomings under the surface?
A new study from Arizent – the parent company of Financial Planning, American Banker, Digital Insurance and National Mortgage News – aims to answer those questions while providing insights into how business leaders are integrating, governing and securing artificial intelligence and data analytics.
Top brass from the wealth management, banking, mortgage and insurance sectors provide feedback on top priorities and the biggest hurdles. Among the topics covered are how AI and machine learning can be used to save and make money; the most common AI implementations; and the dearth of talent keeping some firms from going all-in on automation.
Check out the full research report, important wealth management takeaways and a whole lot more at Financial Planning.
Anything else on your mind? Drop me a line at [email protected]. Have a great rest of the week!
Regards,
Justin

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