exponentialchange

If you’ve ever asked Alexa to play Baby Shark 10 times in a row to quiet an agitated toddler or relied on your car’s navigation system to get you where you’re going, you are already on the AI bandwagon. However, as AI’s capabilities grow – seemingly exponentially – so do the concerns about its immediate and long-term effects on our professional and personal lives. Like most industries, the wealth management space has already been impacted by AI. And why wouldn’t it? AI offers productivity, precision and cost efficiencies. It helps businesses operate more effectively, scale more quickly, analyze data more accurately and calculate faster. It’s a tool – a powerful resource that may prove to be a great equalizer, closing the service gaps between large-scale enterprises and their smaller counterparts. The question now becomes one of degree. If past is prologue, technological disruptions like AI are a long-term positive. In [...]