Artificial intelligence implementation: Getting past barriers

As CIO for the solutions division at Carlyle Group, a $200 billion global equity and asset management company, Suhit Gupta is tasked with making sure his company can respond to and compete against disruptive forces in the marketplace. In any battle between the disruptors and disruptees, he wants to be among the former. One disruptive technology on Gupta's radar these days is artificial intelligence (AI). Having studied it as part of his Ph.D. program at Columbia University, Gupta is very interested in the topic, as is Carlyle Group. Indeed, the company is exploring the idea of artificial intelligence implementation for a number of purposes, Gupta said recently at the AI Summit in New York: to determine how world events affect financial portfolio risk assessments, to assess potential deals the company is considering and to improve "deal flow" -- the rate at which investment companies receive business proposals -- by identifying opportunities.