Are asset managers failing to adapt to digital world?

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A recent survey by State Street found that less than half of global asset managers feel that they are adapting to new technologies quick enough to support their business growth needs. One of the challenges many firms face is understanding how emerging technologies can immediately benefit them. Often times disparate technologies are lumped together including robo-advice, big data, mobile, blockchain and AI/machine-learning, which mostly do not relate to each other except that they are part of the new “digital” world that is emerging. At INDATA, we spend a significant amount of time educating our current and prospective clients on how specific emerging technologies can benefit them. For example, for an investment manager with active rather than passive investment strategies, robo-advice has no application to their businesses while things like big data and mobile technologies do. See Finextra article here for detail.