How Finance Leaders Can Harness AI to Stay Ahead of the Competition

Generative AI and large language models are shaking things up for business leaders and their companies. Firms of all sizes are now racing to invest in AI, aiming to spark innovation and outpace competitors. While for some companies, AI seems to have emerged suddenly, others have long leveraged this technology behind the scenes. How can business leaders make sure they don’t get left behind? One way is to learn from major institutional players in the financial services industry, who have used AI to assist with asset management for years and are now reaping the benefits. Another option is to draw insights from researchers who study AI’s impact on businesses.

Our latest newsletter cultivates research and insights that explore the intersection of AI, innovation, and finance.

• The Path Forward: According to Columbia Business School Professor Harry Mamaysky , leading firms have access to an enormous wealth of information, yet they often fail to pay attention to it. “Using AI, we can gain insights from this greater volume of information to understand the things that we should be worried about,” he says.
• The New Variable in Data-Driven Finance: That being said, “An AI-based strategy that is implemented poorly and that doesn’t use good data isn’t going to perform well,” says Kent Daniel, Columbia Business School’s Jean-Marie Eveillard/First Eagle Investment Management Professor of Business.
• How AI Is Fueling a ‘Cognitive Industrial Revolution’: LinkedIn Co-founder Reid Hoffman argues that AI is no replacement for human creativity but a means of amplification in conversation with CBS Dean Costis Maglaras during the new Distinguished Speaker Series and co-sponsored by the Digital Future Initiative at Columbia Business School . "I think what we're doing is creating the cognitive industrial revolution, a steam engine of the mind," he says.

#innovation #technology #management #CBSInsights

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The Path Forward

By: Jonathan Sperling

Why leaders in the financial services industry need high-quality data to get ahead of competitors. Full article.

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The New Variable in Data-Driven Finance

By: Jonathan Sperling

Professor Kent Daniel shares insights on how AI can significantly impact quantitative analysis. Full article.

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How AI Is Fueling a ‘Cognitive Industrial Revolution’

By: Jonathan Sperling

Watch LinkedIn Co-founder Reid Hoffman discuss the challenges of integrating AI into the global economy during a fireside chat with CBS Dean Costis Maglaras . The event was part of the new Distinguished Speaker Series and co-sponsored by the Digital Future Initiative at Columbia Business School . Full article and video.

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