Aussie fund managers face machine learning challengesBY KARREN VERGARA | TUESDAY, 25 SEP 2018 12:26PMAustralia's investment management firms lag behind Japan when it comes to using machine learning in investment strategies, a new Bloomberg survey shows. Related News |
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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
Hi Karen, as an industry consultant whose sole engagement is to market Machine Learning/AI to the Australian Asset Management community I could not agree more with your comments above and indeed it is concerning. As Australian managers slip further behind their global peers, in the adoption of machine driven technology, the risk is that focus may begin to shift away from the local market towards off-shore hubs where there is rapidly increasing demand for machine driven data analytics and a willingness to pay for the inherent efficiencies therein!
I'd be happy to discuss this issue further with you should you have the time available...
Regards,
David McIntosh