Data science as a driver of competitiveness

According to PwC, we are on the precipice of $30 trillion transfer of wealth from baby boomers to generation X and Millennials. Of this, US$4.1 trillion are anticipated to change hands over the next ten years alone, specifically within the ultra-high net worth (UHNW) segment . The demographic inheriting this windfall loves technology and embraces change and disruption. Yet at the same time, "wealth management is one of the least tech-literate sectors of financial services". This is a clear red flag for traditional service providers who must evolve to remain competitive.