How Artificial Intelligence Is Disrupting Asset Management Jobs

Posted By : Vidushi Vij | 23-Jul-2018

AI taking assets management jobs

Artificial Intelligence and Asset management have come quite far in the journey and this blog will help you explore more about their relationship. Artificial Intelligence is taking over the world for quite some time and is becoming a new trend in the asset management landscape. In the coming few years, will we see the drastic change in the asset management. AI is a technology which does not exist in reality but is able to perform task easily which requires human intelligence.

 

The asset management industry takes about $1 trillion in revenue every year and AI driven asset management is getting really famous among the investors. Asset management is increasing to AI and technology and we will see this drastic change in the near future. Asset management from Artificial intelligence has moved the investors from traditional approaches to lower cost and high return investment vehicles. 


There has been some very bad news for the asset management. According to the future prediction, over 90,000 jobs might go with traders as an impact on asset management jobs by the AI. Hence we believe that trading jobs will not be the same in future as they are now and most of them will lose their jobs. Apart from traders, quant analyst,  due-diligence professionals and hedge fund marketers jobs will also be in jeopardy.

 

Also Read: Will Google Keep Its Promise Not To Use AI For Weapons

In the coming few years, an asset management firm will have more of machine learning engineers in comparison to financial markets. In AI-driven asset management, there are times when AI tells human beings what to do next and what is right. AI will provide solutions to handle portfolio managers so that they won't the problem. This does not mean that the job of human portfolio manager will become completely extinct, instead, they will be using AI to give accurate results every time. By this, the portfolio managers will surely face uncertainty. 


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Vidushi Vij

Vidushi is a digital marketing professional. She work on SEO, SME, SMO, Content writing. She like listening to music and exploring new places.

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