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AI and the Next Wave of Transformation
Report

AI and the Next Wave of Transformation

Global Asset Management Report 2024


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Editorial Rating

8

Qualities

  • Comprehensive
  • Analytical
  • Hot Topic

Recommendation

In 2023, global asset management firms collectively were financial stewards of approximately $119 trillion in investor funds. Yet overall profitability decreased by 8.1%, raising concerns about the future health of the industry. Boston Consulting Group professionals undertake a thorough examination of the asset management sector in this detailed yearly report; they emphasize the challenges firms face and how they must adopt AI technology into their models. Investors, fund managers, and financial executives seeking an informative assessment of the future of asset management will find this an authoritative analysis.

Take-Aways

  • Asset managers face a challenging environment of reduced profitability brought on by systemic forces.
  • Firms should apply AI technology to help alleviate the financial pressures the industry faces.
  • AI can also deliver efficiency and customization across the asset management ecosystem.

About the Author

The Boston Consulting Group is a leading global consulting firm.