AI and Machine Learning: Practical Applications for Asset Management Firms (Part 1 of a 3-Part Series)

When you hear those terms, what comes to mind is a science fiction movie where machines achieve consciousness--and trouble ensues. At best, you might dismiss the concepts as hype or the buzz word of the day. It's true that the AI/machine learning landscape feels a bit like the Wild West right now, with opportunists promoting solutions when, in fact, they don't actually have a product--perhaps just some roughly defined services--but no technology to back it up. Regardless, AI and machine learning are very real--and very relevant to asset management firms. Unfortunately, traditional asset management and CRM (customer relationship management) systems like Satuit, Protrack, or Salesforce don't have the ability to deliver the benefits of AI and machine learning.