Council Post: What Many Chief Investment Officers Don't Understand About AI

Clint Coghill co-founded Backstop Solutions Group in 2003 and now leads the Backstop Executive Team as CEO. Thanks to the sheer amount and complexity of data that is generated each day, the office of the chief investment officer has effectively expanded into an intelligence unit in recent years. Data is flowing in from multiple sources, including custodians, fund administrators, consultants and managers, to name just a few, and that data is flowing into inboxes and shared drives in tens of thousands of emails per year. All of that information could live in any number of functional and technology silos within a typical investment firm, while at the same time, complex assets often have life cycles that outlast investment staff, leading to issues around knowledge transfer and data continuity. Machine learning and artificial intelligence (AI) can absolutely be valuable tools in collecting, analyzing, managing and putting that vast amount of information to use.