Wealth management embraces AI more openly than other financial sector (free)

As advisors continue to show excitement for the potential of artificial intelligence, the financial services industry is focused on how to make the most of the burgeoning technology in the years to come.

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"The Future of the Data-Driven Workplace," a new research report from Financial Planning parent company Arizent, provides insight into how business leaders are leveraging AI and machine learning to facilitate growth and efficiency.

The study polled 386 management-level respondents across the wealth management, banking, mortgage and insurance sectors. Survey participants ranged from managers to C-level executives with 61% describing themselves as a department or division head, vice president or higher. 

Once viewed as a novel business tool, the study finds that AI's impact on data-driven decision making across every financial services industry is now undeniable. From simple functions like scheduling and planning, to complex tasks like underwriting and fraud detection, AI and machine learning are a part of the equation.

Free to read at: Wealth managers embrace AI, machine learning faster than other financial services firms

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