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HomeWealth ManagementKnowledge administration and AI are the highest wealth tech investments

Knowledge administration and AI are the highest wealth tech investments


Among the many causes for these challenges are outdated/legacy know-how and poor knowledge high quality.

Nevertheless, synthetic intelligence (AI) and automation, extra human capital, cloud-native capabilities, and blockchain are all key funding priorities.

“In at this time’s quickly evolving world, an optimized workflow is essential and good clear knowledge is vital,” mentioned Vijay Mayadas, President of Capital Markets at Broadridge. “And but, corporations are drowning within the complexity of managing and simplifying knowledge with out the know-how and digital infrastructures in place to help its administration, stifling transparency, agility and progress.”

Lagging progress

Greater than half of respondents mentioned that their corporations have to make extra progress to achieve superior phases of innovation and know-how efforts.

“We hear from purchasers and the survey findings spotlight how corporations are overwhelmed with the quantity of knowledge and restricted in the way to use it,” mentioned Mayadas. “By assessing ones tech stack and partnering with trusted suppliers, corporations have the chance to maximise the aptitude of their knowledge and enhance their workflow administration.”

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