Leveraging GenAI for asset management
Investing.com -- According to Bernstein, Generative AI is emerging as a crucial tool in asset management, offering a"technical scaffold" that enables non-technical professionals to interact with models and derive deeper insights.
They explain that unlike traditional models suited for more formulaic tasks, GenAI thrives in handling variability and adaptability. They also believe smaller firms might struggle with broad-based adoption due to the steep investment required. Furthermore, organizational readiness is crucial, including having a solid data infrastructure and alignment of legal and compliance functions.
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