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Adopting AI, While Still a Challenge, Could Transform Risk Management
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News Archive | Chief Investment Officer
The productivity gains offered by emerging technologies could transform asset owners’ risk management protocols, but fully adopting these new systems remains a challenge.
However, only 15% of respondents said they use artificial intelligence to support compliance efforts, including in third-party risk management or risk assessment.
When it comes to risk management, investors need to think beyond just cybersecurity or portfolio management and consider that risk management is now an enterprise-wide strategy, say industry sources.
For example, is risk management related to the funded status of a pension fund and, if so, how does AI improve that?
“It’s really early stage.”Tags: Artificial Intelligence, Risk Management, Technology