Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:AI Isn't an Asset Management Panacea Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 11, 2018

AI Isn't an Asset Management Panacea

News summary by MFWire's editors

Artificial intelligence, especially the machine learning aspect of it, is certainly a hot topic these days. Yet executives at a couple of giant asset managers warn that it may not be a panacea in this business just yet.

"I had a number of false starts where we had use cases that turned out not to require machine learning at all," Massimo Young, head of data solutions in BNY Mellon's investment management arm, said yesterday at the In|Vest conference, American Banker reports.

"In many instances the thing that is posed as an AI use case could be solved simply," Andrew Brzezinski, vice president of Fidelity Institutional, reportedly said on the same panel. "The question comes back, why? This is super expensive, why are we doing this?"

In other words, just because machine learning is shiny and exciting and new doesn't mean that it should be used willy-nilly, especially in these early days given the high costs involved. If you're thinking about applying it in your business, make sure something simpler wouldn't get the job done. And be prepared to justify your decision.

"Leading with business value is great," Brzezinski reportedly said. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use