Wealth managers rarely take full advantage of AI, using only 35% of available data: Avaloq

16 February 2021 | 3 minutes read

Private bank leaders have been vocal about the progress in integrating data analytics/machine learning into their business operations, but according to Avaloq, wealth managers typically unearth just a third of the treasures lying in their data. Anticipated efficiencies from adopting data analytics remain unrealised because of a serious “gap between wish and reality” in projects concerning “data science” – data…

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