AI will lead next industrial revolution: Sanlam

From predicting election results to running driverless cars, artificial intelligence (AI) will transform all sectors of business, not least financial planning and wealth management. Sanlam Global Investment Solutions head of investments David Itzkovits said early adopters to AI stand to benefit the most, especially while it is still in its early stages. "When you think about what we categorise as an'industrial revolution', we don't recognise them to be a revolution at the time. We only do so in hindsight," he said, referring to how steam power changed the world in the mid-1700s, as did electricity in the late-1800s and electronics less than 50 years ago. "If you look at the first three industrial revolutions, they all had one thing in common: they do the same job, which was previously done by multiple humans, in a quicker, more efficient way," he said.