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Artificial intelligence is no longer simply an experiment for traditional asset managers. Firms that have implemented a full range of artificial intelligence techniques — including data mining, signal generation, and optimization — are generating 3 percent in alpha, according to a new Accenture report.
“Mature firms that are true leaders in AI, meaning they have industrialized and centralized these techniques across the investment process, see 300 basis points in alpha coming from that scaled activity,” said Michael Spellacy, who leads Accenture’s capital markets group, in an interview. “The leaders have a clear culture of AI. They centralize the capabilities and then let portfolio managers figure out where and how they want to use it,” he added.
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