XPS survey finds most fund managers use ‘some form of AI’ to bolster business efficiency

In response to the XPS Group’s The affect of AI on asset administration December survey, which gathered responses from 76 funding managers liable for a complete of £34trn property beneath administration, half of the respondents (50%) apply generative AI to spice up enterprise processes.
In the meantime, 22% of ‘conventional AI’ customers famous they’re within the means of growing a strategy to implement generative AI to enhance inside effectivity, whereas 7% mentioned they make no use of AI at present, however are growing conventional AI instruments for that function.
Nonetheless, 12% of the fund managers surveyed mentioned they use no A…