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AI can be a powerful tool for asset managers

Published: 14 February 2024

Artificial intelligence isn鈥檛 a crystal ball, but it can analyze exponentially more data than any human can, and that has the potential to transform the financial services industry. 鈥淚t鈥檚 the most powerful tool I鈥檝e ever seen applicable to investments,鈥 says Professor Ruslan Goyenko in an interview with Benefits Canada. Asset managers can use it to improve active management, and to weather challenging market conditions. 鈥淚t makes the current investment book obsolete. Artificial intelligence is excellent at anticipating crises and increases in volatility. A couple years ago AI was a good solution, but now it鈥檚 really a salvation.鈥

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