AI fears not impacting FS sector willingness to adopt AI

By mid-2022, 80% of business executives already believed that AI could be used to automate any business decision.

Dr Hassan Khan, Head of School of Digital Finance at Arden University, describes the growing influence of AI in the financial industry

AI in asset management is expected to grow at a rate of 245% annually. The systems can now monitor asset performances and market direction in real time.

Navigating the AI-driven future in finance requires a comprehensive understanding of systemic interdependencies and the ability to mitigate potential risks.

Generative AI creates new data from old experiences and old data, and has been around for some time.

Artificial intelligence (AI) has been making significant strides in various industries, and the financial sector is no exception.

The experience of finance suggests that AI will transform some industries -sometimes very quickly- and that it will especially benefit larger players.

Regardless of the breadth of adoption, artificial intelligence is deeply integrated into finance.

Generative AI continues to dominate headlines. At its onset, we were all taken in by the novelty. But now we’re far beyond the fun and games — we’re seeing its real impact on business.