AI for the Masses: Smaller Shops Access New Tools for Edge

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Artificial Intelligence in asset management is no longer just for giants like BlackRock and Fidelity. Small and medium-sized managers can increasingly access machine learning technology from third-party providers – although few have taken the plunge, according to one provider.

Managers lacking the cash required to build out machine learning systems can tap a growing set of technology providers gearing tools towards firms of all sizes.

The latest firm to build out an AI component for its portfolio management system is INDATA, which has added a bolt-on product to its iPM system that includes machine learning tools to helps PMs analyze securities, and voice and natural language processing to reduce the time spent navigating the system itself.

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