AI can be a powerful tool for asset managers
Artificial intelligence isnβt a crystal ball, but it can analyze exponentially more data than any human can, and that has the potential to transform the financial services industry. βItβs the most powerful tool Iβve ever seen applicable to investments,β says Professor Ruslan Goyenko in an interview with Benefits Canada. Asset managers can use it to improve active management, and to weather challenging market conditions. βIt makes the current investment book obsolete. Artificial intelligence is excellent at anticipating crises and increases in volatility. A couple years ago AI was a good solution, but now itβs really a salvation.β
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