A key pillar of innovation is eliminating work that doesn’t contribute to the overall mission of a business or its employees, and one way to reduce that work is through the implementation of artificial intelligence.
That was the overall message from industry leaders during the ‘New Realities in Asset Management’ panel at the 27th annual Milken Institute Global Conference in Los Angeles, CA., on Monday.
At Wellington Management, for example, analysts are using artificial intelligence to analyze quarterly calls, said Terry Burgess, Managing Partner at Wellington. This way, he said, Wellington analysts can focus on more important tasks.