The AI in Business Podcast

Leveled Approaches to AI for Asset Management Challenges - with Aman Thind of State Street

14 snips
Sep 27, 2024
Aman Thind, Chief Architect at State Street, shares his insights on AI's transformative role in asset management. He discusses how firms must embrace technological advancements to enhance efficiency and profitability. Thind highlights the shift from traditional machine learning to generative AI, emphasizing its potential for data extraction and insight generation. He also touches on the ethical considerations of AI implementation and the need for a cohesive data strategy, urging leaders to adopt these technologies responsibly and effectively.
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INSIGHT

Data-Driven Asset Management

  • Asset management companies are becoming data management companies.
  • They realize data is key to future success, but struggle to harness its power.
INSIGHT

Tech-Driven Survival

  • Many industries are becoming tech-driven; asset management is no exception.
  • Companies must leverage technology like cloud, internet, and mobile to survive.
ADVICE

AI for Efficiency and Monetization

  • Use AI for efficiency gains and improved operating margins.
  • Leverage AI to derive insights from raw data and offer higher-value services.
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