There is a great deal of noise and concern about the “rise of the machines”. Dinner party conversations and clickbait articles regularly ask us to understand what jobs will be replaced by robots. Should our children train to be surgeons, drivers or chefs - or will these jobs no longer exist in 20 years? If so, what jobs will remain?
Certainly, it’s a factor in asset management, with increasingly smart and powerful computers able to sift through vast quantities of data in the hunt for patterns on the kind of scale no human-only asset management company could ever manage.
Inevitably it’s all more complicated than you might think, with machine learning, Artificial Intelligence (or AI) and deep learning all offering various levels of insight and autonomy, risk and reward.
In this video, Old Mutual Investment Group’s director of investments Hywel George explains how Artificial Intelligence will be incorporated into the daily business of the firm, and how Old Mutual Investment Group has been working with machines for more than a decade to enhance and broaden the expertise available to its clients.
Read more about artificial intelligence in the asset management industry here.